A Fair Cop?
Promising initiatives were announced at COP28, but these are only scratching the surface of the opportunity, writes Kieron Boyle
EIOPA proposes capital charges on fossil fuel assets
Fossil fuel-related stocks and bonds pose higher market risks to insurers that could be mitigated via additional capital charges on these assets, the European Insurance and Occupational Pensions Authority (EIOPA) has suggested.
Morningstar fined by regulator in anti-greenwashing action
Morningstar has paid the Australian financial regulator AUD29,820 ($19,612) after it alleged the company retained exposure to weapons manufacturers via its ESG-themed funds despite claiming it excluded such companies.
Loan round-up: Thai Union, Pacific Basin Shipping, AET...and more
COP28: Sovereign sustainability-linked finance task force launched
Eight development banks and financial institutions have launched a technical task force to support the development and growth of the sustainability-linked finance market for sovereign issuers to achieve global climate and nature goals.
NZBA grows to 136 banks as 'milestone' targets date looms
The Net Zero Banking Alliance (NZBA) has seen its membership triple to 136 since it launched in 2021, with 90% of those required to set their initial targets already having done so ahead of a key targets deadline next year.
COP28: 'Milestone' NZDPU climate open data tool gets initial launch
The Net Zero Data Public Utility (NZDPU) has launched an initial "proof-of-concept" of its climate transition data tool which is set to provide the first global private sector centralised and open data source.
COP28: a world under pressure
Governments putting short-term politics before long-term climate policy must change course at COP28, argues Tom Williams