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Japanese TCFD supporters labour to disclose climate resilience
30 November 2021Two-thirds of Japanese supporters of the Task Force on Climate-related Financial Disclosures (TCFD) have yet to provide climate scenario-based analysis of their resilience, showing the size of the challenge of meeting the recommendations in a country regarded as a TCFD pioneer.
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Science Based Targets initiative welcomes first Russian financial firm
30 November 2021Tinkoff has become the first Russian financial firm to join the Science Based Targets initiative (SBTi) ahead of setting its own Paris Agreement-aligned climate targets.
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Audits 'undervalue climate risk, should be regulated'
30 November 2021Regulators should require companies and auditors to explain how climate risk is captured in financial statements, Greenpeace has urged, after the NGO said investors have failed to push audit firms to properly value such risks.
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There is a market for biodiversity - and it is expanding
To increase biodiversity a functioning market is a prerequisite. Forest certification can form a voluntary market with more ambitious standards.
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Nature Risks Through a Credit Lens
What role can ratings agencies have to play in stemming biodiversity loss? And what are they doing?
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Climate-smart forestry practices: the key to restoring biodiversity?
Environmental Finance talks to EFM CEO Bettina von Hagen about financing the preservation of our natural world.
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Standards catalyse finance for biodiversity conservation
As more and more organisations enter the biodiversity market, Verra strives to ensure that the high standards of projects are maintained, as Naomi Swickard, Chief Program Officer, outlines.
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Tokio Marine plans ¥100bn of divestments
30 November 2021Japanese insurer Tokio Marine will divest at least ¥100 billion ($884 million) of equities, including in fossil fuel firms, by its 2023 reporting year as part of its commitment to sustainability.
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Nordea, Kempen among new Finance for Biodiversity Pledge signatories
30 November 2021Financial firms managing more than €12 trillion ($13.6 trillion) in assets have now signed the Finance for Biodiversity Pledge after nine new signatories joined the initiative, including Nordea Asset Management and Kempen.
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'World-first' humanitarian cat bond admitted to TISE Sustainable
29 November 2021A catastrophe bond believed to be the first to focus purely on humanitarian aspects has been admitted to The International Stock Exchange (TISE)'s sustainable segment.