Archive

Investors call for ramping up of ocean biodiversity data coverage

A group of large global investors has called on ESG data providers to develop better coverage of ocean biodiversity to help manage risks and meet the wider goals of the Global Biodiversity Framework.

LGIM leads push for Nippon Steel to disclose its climate lobbying

Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules

The finance sector will be exempt from carrying out environmental and social due diligence of companies 'downstream' in the supply chain under newly agreed EU rules, in a victory for lobbyists who claimed it would add disproportionate costs and unfairly expose institutions to legal claims.

Deforestation data tool launched for financial institutions

An open-data platform has been launched to help financial institutions track company exposure and performance on deforestation.

'Scope 4' emissions 'key' to assessing real world transition impact

Calculating the 'Scope 4' avoided emissions is "very important" if you are trying demonstrate the real world impact of your operations and investments, and is especially important when assessing companies that provide climate solutions, an Environmental Finance event heard.

Scope 3 data: imprecise and sometimes plain wrong

Estimates are being used to fill in holes and inaccuracies in corporate disclosures, while there are hopes satellite data will provide clarity, The Future of ESG Data heard

Storebrand warns of 'hidden traps' of climate data at heart of ISSB standards

Storebrand Asset Management has warned investors of "hidden traps in climate data" that would lead them to unnecessarily exclude "climate solutions" companies because of greenhouse gas (GHG) emissions linked to their sold products.

Halt deep-sea mining 'madness', financial institutions urge governments

More than 90 investors demand removal of climate disclosure opt-out in CSRD

A group of 93 investors and other financial institutions has signed a letter urging the European Commission to remove a proposed opt-out in corporate disclosure rules for aspects including greenhouse gas (GHG) emissions.

Church of England to support Toyota lobbying resolution

The Church of England Pensions Board (COEPB) is to take action at Toyota's upcoming AGM over concerns its lobbying "may be undermining the goals of the Paris Agreement".