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MSCI developing transition plan assessment product
05 September 2024Data giant MSCI is developing a dedicated product to help investors assess the credibility of climate transition plans, Environmental Finance has learned.
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European groups exploring adoption of UK Transition Plan Taskforce framework
04 September 2024German and French investor groups have begun preliminary talks to understand how the UK Transition Plan Taskforce (TPT) framework can be used in the European countries, Environmental Finance has learned.
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Build EU sector-specific standards on ISSB baseline, Faber says
04 September 2024Delays to the introduction of EU sustainability reporting standards gives the bloc an opportunity to base its requirements on the IFRS S1 and S2 standards, the European Commission has heard.
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Need to bring ocean data to the financial 'front line', says former Citi chairman
03 September 2024Better access to higher-quality data for financial institutions and investors will help to scale up ocean-related investing, according to Citi's former sustainability chairman.
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Risk of fragmentation of ESG ratings regulation remains despite IOSCO work, CDP warns
03 September 2024Differences in how countries have devised rules or voluntary codes of conduct for ESG ratings and data shows that there remains a risk of divergence between jurisdictions that raises costs for providers and users, CDP has warned.
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CBI to launch climate resilience taxonomy this month
03 September 2024The Climate Bonds Initiative (CBI) will launch its initial Climate Resilience Taxonomy on 25 September with draft criteria, ahead of detailed thematic criteria being developed in the next phase of the work.
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Transition plan rules 'should require disclosure of' expected climate impact
30 August 2024Regulatory frameworks for disclosure of climate transition plans should require companies to explain what impact they expect their plans to have on greenhouse gas emissions, ClarityAI has suggested.
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Costa Rica 'almost done' with framework ahead of 2025 sustainable bond debut
29 August 2024Costa Rica is planning to issue its debut sovereign sustainable bond in the first half of 2025, but the Latin American country is not currently looking to use the sustainability-linked bond format like some regional peers.
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Putting transition plans to the test: Morningstar Sustainalytics
29 August 2024Investors face a tough task scrutinising corporate transition plans - but an increasing number of tools promise to help. In the fourth article in a series, Michael Hurley examines Sustainalytics's Low Carbon Transition Ratings
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Bank of China raises CNY2.5bn from ground-breaking 'SGS' sustainable bond
28 August 2024Bank of China (BoC) has raised CNY2.5 billion ($351 million) from the first 'sustainability-linked, green, and social loan' (SGS) bond issued under its innovative framework which follows the publication of recent ground-breaking market guidance.