Archive

Bogged down in Bonn

Slow progress on negotiations on Article 6 in Bonn leaves much to be thrashed out at COP29, writes Genevieve Redgrave.

All 14 TNFD metrics interoperable with ESRS

A new mapping of the interoperability between the Taskforce on Nature-related Financial Disclosures (TNFD) and the European Sustainability Reporting Standards (ESRS) has found a "high level of commonality".

WBA consults on transition plan credibility assessment

UK's FCA investigating climate-related misconduct

Swiss financial institutions agree to audit sustainability practices to stave off regulator

Swiss banks, insurers and asset managers have agreed to 'self-regulation' that includes the independent audit of implementation of the sustainability approaches they claim to make, in a bid to stave off regulation by the state.

NGFS encourages central banks to model 'worst-case' climate impacts

The Network for Greening the Financial System (NGFS) has encouraged central banks to disclose the results of analysis exploring the worst-case scenario for climate-related physical and transition risks.

EU regulators pitch SFDR 'sustainability scale' and 'transition' category

EU regulators have suggested creating a category for 'transition investment' and a scale by which the relative sustainability of investments can be judged in an opinion on the review of the EU Sustainable Finance Disclosure Regulation.

EU countries agree weakened text for green claims directive

EU countries have agreed a text for the proposed Green Claims Directive which contains weaker language on the use of carbon credits than that agreed by the European Parliament.

EU Green Bond Standard is 'quite tricky' - especially for sovereigns, says CA-CIB

Issuing green bonds using the EU Green Bond Standard (GBS) is "quite tricky" and is unlikely to see a lot of issuance except among a "handful" of issuers in the near term, according to Crédit Agricole Corporate & Investment Bank (CA-CIB).

EU Nature Restoration Law finally approved in 'massive victory for nature'

An EU law to restore at least 20% of the EU's land and sea areas by 2030 has been approved after a 'compromise' text won a slim majority among EU countries - a move welcomed by investors and NGOs who called it "a massive victory for Europe's nature".