ASCOR to assess countries based on contribution to $100bn climate finance goal
A first-of-its-kind free tool to help bond investors assess countries' climate progress has been launched that will see investors rate sovereigns on factors including their contribution to the problem and the finance they commit to address it, following changes to its draft methodology.
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.
Major investor groups identify what 'good' climate policy looks like
$150trn investor group presses for 'clear' Australian transition plan framework
A group of investors managing more than $150 trillion in combined assets has recommended that the Australian government develop a "clear" transition plan framework for companies, based on UK and EU progress in this area.
Ground-breaking PRI sovereign investor engagement initiative expands
More investors have been asked to join a ground-breaking collaborative fixed income investor engagement initiative for sovereign issuers coordinated by the UN Principles for Responsible Investment (PRI).
$42trn investor group tells governments to act on methane pledge
602 investors representing about $42 trillion in assets under management have called on governments ahead of COP27 to implement five policy actions, including committing to implement the Global Methane Pledge.
Focus on banking transition plans as priority, IIGCC recommends
A proposed 'gold standard' for company and investor net-zero transition planning should prioritise the banking sector, according to a €51 trillion ($52 trillion) group of institutional investors.
IPCC report 'highlights need for adaptation finance'
The latest report from the UN's Intergovernmental Panel on Climate Change (IPCC) laid bare the pressing need to invest in adapting to the physical impacts of a warming planet.
Simplifying the CA100+ net-zero benchmark is 'laughable'
Criticism of the Net-Zero Company Benchmark developed by Climate Action 100+ (CA100+) being "too complicated" has been described as "laughable,"...