Corporate transition finance framework 'common ground' project launched
The Climate Bonds Initiative (CBI) has published an initial mapping of transition finance frameworks as part of a collaborative project to "demystify" the topic for corporates amid a proliferation of frameworks.
Investors 'trapped in quandary over whether 1.5°C is achievable'
Investors are "trapped" in a quandary of working towards targets based on keeping warming to 1.5°C, while confidence evaporates that countries and companies are reducing emissions at a fast enough rate to do so, an asset owner has warned.
'It will help us have more honest conversations'
Investors welcome the IFRS sustainability standards and say, by boosting comparability, they will aid engagement. Michael Hurley reports
Sustainable finance: key themes for regulation and policy in 2023
The year ahead could be dominated by ESG-related regulation and progress on sustainability data initiatives, Michael Hurley writes
Nordea warns on gap between portfolio emissions reduction and 'real world impact'
There is a widening disconnect between emissions reductions in investors' portfolios and the decarbonisation of the real economy, the head of sustainability at Nordea Life & Pensions has warned.
GFANZ publishes net-zero transition plan guidance
The Mark Carney-backed Glasgow Financial Alliance for Net Zero (GFANZ) has published voluntary guidance on net-zero transition plans (NZTPs) for achieving net-zero by 2050 focused on Scope 3 emissions.
GFANZ drops requirement to align with UN Race to Zero campaign
The Glasgow Financial Alliance for Net Zero (GFANZ) has scrapped its requirement for members to align with a campaign requiring a fossil fuel phase-out.
US banks 'have not indicated' intention to quit GFANZ, Carney says
Mark Carney has denied that several large US banks threatened to quit the climate finance group he co-chairs, adding that the CEOs of the banks "have not indicated to me any intention to do so".
Carney: Net Zero Data Public Utility 'essential' to accountability
The development of free platform Net Zero Data Public Utility will be "essential" for developing the accountability and transparency of financial institutions, Mark Carney has said.
UN Race to Zero readies 'compliance mechanism'
UN-backed climate campaign Race to Zero (RTZ) has confirmed further information on its 'compliance mechanism' will be published in September, with a major partner welcoming plans to remove members who fail to meet its strengthened criteria.