Nature poses credit risk to Asian sovereigns
Nature-related risks such as flooding or cyclones pose a major credit risk to south and southeast Asian sovereigns, Fitch Ratings has warned.
NZBA welcomes first Chinese member but suffers second bank exit
The Bank of East Asia (BEA) has become the first Chinese member of the Net Zero Banking Alliance (NZBA), but US lender Blue Ridge Bank also became only the second member to "withdraw from" the UN-convened industry group.
2024 outlook: Sand in the gears of sustainable finance policy
Looming elections and burgeoning disclosure regimes point to a slowdown in sustainable finance policymaking, but the spectre of fines for greenwashing is on the rise, Michael Hurley writes
ESG disclosures: more clarification needed to turn grey areas into green
Tightening sustainability regulations means asset managers should act now to future-proof their disclosure processes, Ruth Knox writes
Bank of Japan warns of climate risk 'spillover' across industries from rise in carbon prices
Climate transition risks spurred by rising carbon prices could have damaging and widespread "spillover" effects across the Japanese economy - including to regional banks not substantially exposed to the worst-hit sectors, the Japanese central bank has warned.
ING to phase out oil and gas financing by 2040
Impact label is 'crucial' to SFDR success, impact leaders urge
Mitsui OSK Lines to issue 'first' shipping firm blue bond
Japanese firm Mitsui OSK Lines plans to raise JPY10 billion ($70 million) through a blue bond in January, believed to be the first issued by a shipping firm using recent International Capital Market Association (ICMA) guidelines.
EBA proposes EU develops 'two-tier' green loan standard
The European Banking Authority (EBA) has proposed that the EU develops a voluntary EU Taxonomy-aligned EU green loan and mortgage standard similar to that for green bonds, but that a second non-taxonomy aligned tier should be allowed for a period of time.