• EU green and sustainable discussion enters 'more complex' cost debate

    24 May 2024

    A senior European Commission official said the debate on the EU Green Deal and sustainable finance is entering a "more complex" phase over its next five-year mandate as attention turns to cost and making the existing framework more market-friendly.

  • GRI and IFRS to collaborate on 'full interoperability' of standards

    24 May 2024

    The IFRS Foundation and Global Reporting Initiative (GRI) have extended their working relationship to collaborate on full interoperability of each other's standards for "seamless" sustainability reporting.

  • EU readies greenwashing reports as UK rules bite

    23 May 2024

    Financial institutions in the UK rushing to meet a tight deadline to comply with new anti-greenwashing rules are also bracing for news of potential next steps to regulate activity in the EU, with reports from regulators due in coming days.

  • Emerging market GSSS issuance hits all-time high in 2023, Amundi report finds

    23 May 2024

    Green, social, sustainability and sustainability-linked (GSSS) bond issuance in emerging markets reached an all-time high last year, according to a joint report by Amundi and the International Finance Corporation, largely driven by growth outside of China.

  • Banks using PRB framework to aid CSRD reporting in absence of finance sector guidance

    22 May 2024

    Some banks are using a framework designed for the Principles for Responsible Banking (PRB) initiative to help meet reporting requirements under the EU Corporate Sustainability Reporting Directive (CSRD), a UN Environment Programme Finance Initiative (UNEP FI) webinar heard.

  • Low Carbon launches AI biodiversity monitoring for solar farms

    22 May 2024

    Renewable energy firm Low Carbon and Lancaster University have launched a "pioneering" study of the impact of solar farms on nature in the UK.

  • ESMA fund guidelines may be headwind for sustainable bonds, says Abrdn

    21 May 2024

    The recently published sustainable fund naming guidelines published by the European Securities and Markets Authority (ESMA) could dampen demand for labelled sustainable bonds, according to Abrdn.

  • CSRD will see 'explosion' of quality ESG data, says AllianzGI

    21 May 2024

    The first round of reports in line with the EU's Corporate Sustainability Reporting Directive (CSRD) will see an "explosion" of quality sustainability-related data that will help asset managers prove to clients the value of sustainable investing, according to AllianzGI.

  • Sustainable bond market hits $5trn of issuance

    20 May 2024

    Cumulative issuance of sustainable bonds has now crossed the $5 trillion mark, boosted by strong support from sovereign issuers.

  • SDR-aligned ESG data tool next on the agenda for MainStreet

    16 May 2024

    An ESG data platform aligned with the UK Sustainability Disclosure Requirements (SDR) is likely to be the next tool to come from Allfunds' partnership with MainStreet Partners, Environmental Finance understands.