EFRAG working with TNFD on 'interoperability map'
The European Financial Reporting Advisory Group (EFRAG) has said it is working with standard setters, including the Taskforce for Nature-related Financial Disclosures, on 'interoperability maps'.
Innovative $1bn 'blended finance' SDG loan fund launched
Allianz Global Investors (Allianz GI) and FMO Investment Management (FMO IM) have launched a UN Sustainable Development Goal (SDG)-aligned loan fund after successfully mobilising $1.1 billion for the innovative public-private investment fund.
'More rigorous' standards see biennial review register big drop in sustainable assets
A big drop in the total assets judged as 'sustainable' globally has been reported in the latest in a series of biennial reviews, with tightened criteria in response to a "rise in greenwashing and greenhushing".
ESAP regulation proceeds for adoption after Council sign-off
NBIM plans $70bn sustainable private equity investment expansion
Norges Bank Investment Management (NBIM) is proposing updating the investment strategy for the NOK15.6 trillion ($1.46 trillion) Norwegian sovereign wealth fund to include net zero-aligned unlisted equity investments.
VCMI launches 'flexible Scope 3 claim' for carbon credit usage
The Voluntary Carbon Markets Initiative (VCMI) has launched a framework for allowing companies to credibly use carbon credits even though they are struggling to meet short-term reduction targets.
UK sustainability disclosure rules unveiled in 'important moment' for tackling greenwashing
The publication of UK sustainability disclosure requirements (SDRs), sustainable investment labels and an "anti-greenwashing rule" has been hailed "an important moment" in building trust in sustainability claims by investment funds.
It's time for the insurance industry to lead on climate action
As the Geneva Association celebrates its 50th anniversary, the world's insurance companies must heed their own warnings and move into the vanguard of corporate climate action, writes Peter Bosshard
Agricultural climate and nature data platform launched
An agricultural data platform has been launched to assist with reporting and help financial institutions better manage climate and nature risks.