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Oil and gas called on to fund tropical forest protection in new mechanism
23 July 2024Resource-intensive sectors have been called upon to fund the protection of tropical forests in the Amazon, Congo region and southeast Asia within a newly designed payment mechanism.
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Asset manager neglect of climate adaptation leads Brunel to take engagement 'into own hands'
22 July 2024UK pension pool Brunel has begun an engagement programme with 20 companies in the consumer staples sector asking them to prioritise investment in climate adaptation measures, as it said asset managers were failing to do so.
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Central banks battling 'major data challenges' on nature, warns FSB
18 July 2024Central banks and regulators' attempts to understand nature risks are being hindered by "major data and modelling challenges", the Financial Stability Board has warned.
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Investors need to dive into the nuance of nature and biodiversity, says BNP Paribas
16 July 2024As client interest in nature and biodiversity continues to grow, it is necessary to "go beyond" metrics and stop relying on averages to adequately understand portfolio impacts and opportunities, BNP Paribas has said.
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Amundi, LGIM among investors urging government to act on nature
16 July 2024Governments have been urged to take "immediate leadership" on nature and create more facilitatory financial policies in a letter signed by a group of 130 businesses and investors.
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BBVA Colombia and IFC launch 'world's first' biodiversity bond
15 July 2024BBVA Colombia and the International Finance Corporation have issued the first tranche of a $70 million bond to address the drivers of biodiversity loss.
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Voluntary carbon market needs to 'push down the doors of big corporates' on waste
11 July 2024Amidst growing investor demand for voluntary carbon credits linked to waste projects, GRAIN Ecosystem has told Environmental Finance that more needs to be done to "push down the doors" of big corporates to help scale up the market.
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US, Indonesia agree $35m debt for nature swap
11 July 2024The US and Indonesia have agreed on a $35 million debt-for-nature swap, focused on coral reef conservation.
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Webinar: How central banks are exploring deforestation risks
10 July 2024Central banks are gaining new insights into financial risks associated with deforestation and other land use changes and are encouraging widespread uptake of a novel framework to assess these risks, an Environmental Finance webinar heard.
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Verra considering methodology swaps
10 July 2024If requantification is approved by Verra, then any buyer holding credits from that project would have the option to have their units also requantified under the new methodology.