Archive

News round up: LAPFF backs transition plan vote; Ostrum's coal exit policy

Consultation launched for early finance carbon unit

Verra, an international standards agency for carbon offsets, is seeking public consultation on the proposal for a new Early Finance Carbon Unit (EFCU) unit that could be used to facilitate early flows of funding to carbon offset projects

Carney: AGMs could give investors 'say on transition plans'

Mark Carney has suggested investors could be given an automatic advisory vote on companies' net-zero transition plans, similar to 'say on pay' shareholder rights to vote on executive remuneration.

Carney's voluntary carbon market taskforce launches consultation on proposals

A Mark Carney-initiated taskforce focused on rapidly scaling up global voluntary carbon markets has opened its initial report on forming a global carbon market, including creating clear core carbon principles and carbon spot and future contracts.

BofE announces climate stress tests launch in June after Covid-19 delay

The Bank of England (BofE) has announced that its postponed climate stress tests will now launch in June, after the central bank used the delay due to the Covid-19 pandemic to work on the design of the exercise.

Carney launches private finance strategy for COP26

Mark Carney has launched the UK's Private finance Strategy for COP 26, which includes proposals to help countries require disclosures in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

Green bond comment, November: Time is ripe for sovereigns to finally step up

Sovereign green bonds experienced a bumper September, with several new issuers, but Ahren Lester argues other hesitant sovereigns should step-up ahead of COP26 next year to light up this potentially significant market

Carney: 'Urgent' steps needed for net zero transition

Financial leaders such as former bank of England governor Mark Carney and former chair at the US Federal Reserve Janet Yellen have called for 'urgent and practical' steps to shape incentives, reduce uncertainty, and accelerate the transition to a net-zero emissions economy.

Science Based Targets initiative launches financial sector framework

Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.

Big four accountancy firms agree universal ESG disclosure framework

A set of 'universal' environmental, social and governance (ESG) assessment criteria has been published by the World Economic Forum (WEF) and the 'big four' accountancy firms.