NBIM: Location-specific data is a big challenge to biodiversity risks
The "lack" of location-specific data on companies' operations and supply chains poses a "big challenge" to assessing biodiversity risks, Norges Bank Investment Management (NBIM) has said.
TNFD should place more emphasis on supply chains for agrifood, pilot finds
The Taskforce on Nature-related Financial Disclosures (TNFD) framework should place more emphasis on supply chains over the locations of operations for the agrifood sector, a pilot has suggested.
Canadian regulator to require climate disclosures, scenario analysis
Canadian banks and insurance companies are to be required to conduct climate-related scenario analysis and disclose climate transition plans from next year.
Japan sets timeline for disclosure standards based on ISSB work
Japanese sustainability disclosure standards based on international efforts will be ready in draft form by April 2024, with final standards published up to a year later, according to the body tasked with developing the work.
Moody's: Sustainable bonds to secure 'record' 15% market share in 2023
Moody's Investors Service said a fresh trillion-dollar record for sustainable bond issuance in 2023 is "unlikely," but sustainable bonds are forecast to surpass their record-breaking market share set in 2022
Dubai regulator sets sights on 'ESG taxonomy' ahead of COP28
Biodiversity-themed equities indices launched
Societe Generale has bought the licence to a new set of indices, developed by Solactive and data provider Iceberg Data Lab, that screen equities for biodiversity impact relative to their industry peers.
Moody's: ESG-driven credit risk will accelerate in 2023
Moody's Investors Service said credit risk related to environmental, social and governance (ESG) factors is set to grow in 2023, including because of rising scrutiny of company decarbonisation plans.
COP15 agreement 'significant,' but credit impact depends on implementation
Moody's Investors Service said the UN COP15 biodiversity summit agreement is a "significant milestone" considering the extent of natural capital risk in debt markets,...