Archive

Australian Senate backs mandatory climate reporting

The Australian Senate has formally passed legislation requiring mandatory climate reporting for large businesses and asset managers, to be introduced from 1 January 2025.

Australia's Commonwealth Bank says it will only finance fossil fuels backed by transition plan

Commonwealth Bank of Australia (CBA) has won praise for saying it will not provide new financing to major fossil fuel companies that do not have a credible climate transition plan.

BoJ lends $49bn to spur climate investment

Thai power firm PEA readies debut sustainability bond

State-owned Provincial Electric Authority (PEA) is raising THB1 billion ($28 million) from its debut sustainability bond.

DBS: Nature is next big focus area despite "huge challenges"

While DBS Bank has begun to tackle nature issues within its portfolio, mainly through data and modelling improvements, it has warned of "huge challenges" in adequately dealing with the topic.

Impact mandates do not require an all-or-nothing approach to emerging markets, says BlueOrchard

Tailoring impact investment mandates to commit just a fraction to emerging markets is an increasingly attractive starting point for mobilising greater capital into the Global South, an impact investor has told Environmental Finance.

Disproving perceived risk of emerging market investing is a 'complicated matter'

The realities of disproving investor's assumptions on risk regarding emerging market-based investments is "complicated" but necessary for mobilising capital into the Global South, an impact investor has claimed.

Investors tell Japan to remedy inconsistencies with ISSB standards

Some of the world's largest investors have advised Japan to address inconsistencies between its draft disclosure standards and those of the International Sustainability Standards Board (ISSB).

ASIC fines Mercer in 'landmark' greenwashing case

The Australian Securities and Investments Commission (ASIC) has fined Mercer Superannuation AUD11.3 million ($7.7 million) for greenwashing, in a case the regulator said was the first of its kind and was a landmark for the financial services industry.

Japanese transition bonds likely to 'move closer to green'

The use of proceeds for the ground-breaking Japanese sovereign transition bond programme is likely to become more conventionally 'green' rather than move more into the more contested 'transition' projects, according to the Japan Credit Rating Agency (JCRA).