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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
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Storebrand warns of 'hidden traps' of climate data at heart of ISSB standards
22 August 2023Storebrand 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.
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Halt deep-sea mining 'madness', financial institutions urge governments
19 July 2023 -
More than 90 investors demand removal of climate disclosure opt-out in CSRD
07 July 2023A 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.
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Church of England to support Toyota lobbying resolution
06 June 2023The 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".
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Storebrand: Investors should apply biodiversity exclusions 'much more'
23 March 2023Investors should be adopting the "precautionary principle" around investment exclusions on biodiversity grounds "much more", Storebrand told an Environmental Finance event
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COP15 agreement 'not only road' to nature transparency
13 December 2022Montreal: Financial institutions will have to report on their nature risks regardless of the outcome of COP15 due to nature-related action from central banks, an executive at Rabobank has said.