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CSDDD clears hurdle after approval in Parliamentary committee
19 March 2024 -
BIS says its AI tool 'is game changer for green finance' ... but beware the hallucinations
19 March 2024A tool that uses artificial intelligence (AI) to analyse corporate climate reports has been hailed as a "game changer for green finance", because of its ability to automate the rapid extraction of data.
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Don't demonise high emitting companies that disclose Scope 3, says pensions group
19 March 2024Investors risk "misallocating capital" if they unfairly punish high-emitting companies that disclose their Scope 3 emissions, as these will often make them look worse than peers that fail to disclose, a senior figure at a UK pensions group has warned.
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EU pension fund investments are 4.5% aligned with taxonomy, EIOPA says
18 March 2024 -
Financial firms green bond lending disclosures 'need more detail'
18 March 2024Financial institutions that issue green bonds need to provide more detail on their 'green' lending portfolios, according to one investor.
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Nature and social standards not top of our priorities, ISSB says
18 March 2024The International Sustainability Standards Board (ISSB) has indicated that it will focus its future work on ensuring implementation of its existing standards - suggesting that it does not plan to imminently begin projects to set dedicated nature-related and social standards.
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Landmark green shipping loan loses CBI certification amid contract cancellation
18 March 2024A ground-breaking green shipping loan has had its Climate Bonds Initiative (CBI) certification revoked after the borrower revealed plans to cancel the ship order the loan was intended to finance.
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Commission to delay review of Green Asset Ratio for banks
18 March 2024The European Commission is to postpone a review of the much-maligned Green Asset Ratio (GAR) reporting indicator for banks, a key figure at the EU's executive arm has said.
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CSDDD agreed, in watershed moment, but is weakened to 'shadow of former self'
15 March 2024The EU passed a landmark sustainability reporting law which, although significantly weakened from previous versions, was described as "a watershed moment for corporate accountability".
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Canada publishes draft sustainability disclosure standards
14 March 2024