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One-year delay to Deforestation Regulation agreed by EU Council, Parliament
04 December 2024The EU Deforestation Regulation will apply one year later than initially proposed, after agreement by the European Council and Parliament staved off proposals from right-wing politicians to water down the rules.
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Investors urge EU against delaying deforestation regulation
13 November 2024Institutional investors have urged the European Parliament to reject a request to delay the EU Deforestation Regulation, saying it would unfairly "disadvantage countries and companies that have moved promptly to prepare for the new requirements".
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Global Biodiversity Framework 'in jeopardy' after COP16 finance failure
04 November 2024The COP16 biodiversity summit has failed to reach agreement on crucial issues relating to finance, leaving delivery of the landmark Global Biodiversity Framework agreed two years ago "in jeopardy".
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Scope 3 emissions are 'Loch Ness monster of sustainability reporting'
18 October 2024The low levels of Scope 3 emissions reporting despite its importance to investors for climate risk assessment has made it the "Loch Ness monster" of sustainability reporting, an Environmental Finance event has heard.
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Investors call for ramping up of ocean biodiversity data coverage
07 June 2024A 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.
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LGIM leads push for Nippon Steel to disclose its climate lobbying
22 May 2024 -
Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules
14 December 2023The 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.
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Deforestation data tool launched for financial institutions
02 November 2023An open-data platform has been launched to help financial institutions track company exposure and performance on deforestation.
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'Scope 4' emissions 'key' to assessing real world transition impact
19 October 2023Calculating 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.
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Scope 3 data: imprecise and sometimes plain wrong
18 October 2023Estimates 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