Archive

Some 40 insurers set out plans for nature action with UN

The UN's Principles for Sustainable Insurance (PSI) has outlined the "concrete outputs" it aims to produce from its Nature-Positive Insurance (NPI) working group.

US government's carbon market principles provide 'cover' for buyers

Principles for 'high integrity' voluntary carbon credits published by the US government will provide companies with "air cover" against concerns that they will be criticised for participating in the markets, according to a senior figure.

SBTi updates criteria to enable 'ambitious' near-term targets

The Science Based Targets initiative (SBTi) has released criteria updates and resources for financial institutions to set "ambitious" near-term emission-reduction targets to keep warming to 1.5°C as well as the introduction of fossil fuel finance criteria.

Chinese exchanges should require Scope 3 disclosures, investor group says

US unveils principles to support voluntary carbon markets

US president Joe Biden's administration has released a joint statement of policy and new principles to promote "responsible participation" in voluntary carbon markets (VCMs) and to promote higher standards.

Feedback sought on first draft of Australian taxonomy

The Australian Sustainable Finance Institute (ASFI) has opened a public consultation on the first draft of its proposed taxonomy, including its headline ambitions and first three priority areas.

ISSB discussing alignment issues with Australia, Faber says as he warns of extra cost

"There will be a cost" for companies and investors in jurisdictions that claim alignment with, but diverge substantially from, International Sustainability Standards Board (ISSB) standards, the chair of the board warned.

G7 finance ministers call for 'credible' climate transition plans

EU green and sustainable discussion enters 'more complex' cost debate

A senior European Commission official said the debate on the EU Green Deal and sustainable finance is entering a "more complex" phase over its next five-year mandate as attention turns to cost and making the existing framework more market-friendly.

Expect investors to push for more ambitious NDCs before COP29, says Impax