Banks with $29trn in assets pledge to set 2050 'net zero' targets
A group of banks with about $28.5 trillion in assets has joined a UN-convened 'Net Zero Banking Alliance', and in doing so pledged to "align operational and attributable emissions from their portfolios with pathways to net-zero by 2050 or sooner".
Standard Chartered signs up to Poseidon Principles
CCCA banks to publish principles for low-carbon portfolio alignment
The Collective Commitment to Climate Action (CCCA) is to publish agreed principles and guidance for assessing portfolio alignment, and setting and reporting on alignment targets, by the end of Q1 2021.
EU 'brown' taxonomy proposals split financial sector
Etihad Airways issues 'world's first transition sukuk'
United Arab Emirates (UAE)-owned Etihad Airways has issued a five-year $600 million sustainability-linked 'transition' sukuk, believed to be the first of its kind in the world and the first sustainability-linked bond in the airline industry.
Co-chairs confirmed for TNFD working group
Three co-chairs have been nominated to lead the Informal Working Group (IWG) that is tasked with launching a work plan for the Task Force on Nature-related Financial Disclosures (TNFD):
Task Force on Nature-related Financial Disclosures working group announced
Ten financial firms have joined a working group to develop a reporting framework for the impact of the financial sector on biodiversity and ecosystems to complement the Task Force on Climate-related Financial Disclosures (TCFD).