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S&P launches two biodiversity benchmarks
27 February 2024S&P Dow Jones Indices has launched two biodiversity benchmarks, tracking a subset of equities within the S&P 500 and S&P Global LargeMidCap indices.
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Bain is first company to make VCMI credit claim
27 February 2024Management consultancy Bain & Company become the first organisation to make the highest-level of carbon integrity claim under the Voluntary Carbon Market Integrity Initiative (VCMI) claims code.
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SEC dropping Scope 3 disclosure requirement will not prevent legal action, lawyer warns
26 February 2024The US Securities and Exchange Commission (SEC)'s reported plan to drop a requirement that would require publicly listed companies to disclose value chain emissions will not protect the government agency from legal action, a lawyer has said.
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Investors have 'sleepless nights' over net zero targets tied to estimated data
26 February 2024Institutional investors lose sleep over net zero targets for which progress reporting is tied to huge volumes of estimated data, particularly data relating to greenhouse gas (GHG) emissions from a company's value chain, a conference heard.
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Faber issues rallying cry as regulators diverge from ISSB, jeopardising its mission
23 February 2024The chair of the International Sustainability Standards Board (ISSB) has issued a "call to action" for regulators to unite behind by the organisation's standards, warning that divergence from them threatens to undermine its mission.
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Bank of America CEO pleas for regulatory consistency on ISSB adoption
22 February 2024Bank of America's CEO urged regulators not to diverge from the IFRS Sustainability Disclosure Standards, as the banking head warned that doing so would deepen confusion of an 'alphabet soup' of sustainability reporting.
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AFII: PPC target 'turnaround' shows 'strength of SLBs'
22 February 2024Greece's Public Power Corporation (PPC) is on "back on track" to meet its next sustainability-linked bond (SLB) target, despite missing an earlier one - which the Anthropocene Fixed Income Institute (AFII) said shows the positive incentive that the performance-based instrument provides issuers.
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NZDPU mulls how to iron out data difficulties as it looks to support transition planning
22 February 2024The creators of a free climate data portal are working on addressing challenges surrounding reporting of carbon credits and restatements of climate targets, as they aim to turn it into an essential resource for transition planning.
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EU GBS could bring transparency but lacks guidance, IEEFA claims
20 February 2024The upcoming European Green Bond Standard lacks guidance on standardised impact reporting, the Institute for Energy Economics and Financial Analysis has claimed.
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'Big four' sustainable finance SPO providers emerge in 2023
20 February 2024Sustainalytics, S&P Global Ratings, ISS and Moody's have emerged as the 'big four' second-party opinion (SPO) providers in the sustainable finance market in 2023, but the race for market share has tightened as the sector matures and consolidates.