NZBA grows to 136 banks as 'milestone' targets date looms
The Net Zero Banking Alliance (NZBA) has seen its membership triple to 136 since it launched in 2021, with 90% of those required to set their initial targets already having done so ahead of a key targets deadline next year.
COP28: MAS launches sustainable blended finance programme
The Monetary Authority of Singapore (MAS) has announced two blended finance partnerships, as part of a wider Singaporean platform looking to raise $5 billion in blended capital.
KfW says it will keep buying green bonds as €2.5bn investment mandate completes
German development bank has reiterated its commitment to investing in green bonds after its €2.5 billion ($2.7 billion) eight-year government-mandated market growth promotion programme was successfully completed.
ABN Amro: EPC changes could impact Dutch banks' green bonds
Green bond investors should be cautious about Dutch bank green bonds allocated heavily to Dutch real estate, ABN Amro said, ...
UK urged by MPs to make TNFD mandatory within three years
The UK has been urged by members of parliament to make the Taskforce for Nature-related Financial Disclosures mandatory within three years.
Financial markets may be undervaluing 'climate resilience' companies, BlackRock suggests
Financial markets may be underappreciating the prospects for companies that enable climate resilience, BlackRock has said, as it warned the cost of disaster rebuilding in the US alone could equate to the $39 billion of energy investments under the Inflation Reduction Act.
COP: Sustainable food and agriculture declaration a 'positive signal' for the market
A high-level declaration to develop more sustainable food and agriculture systems has been signed by 134 world leaders at COP28, providing a 'positive signal' for the market, Environmental Finance has heard.
COP28: BlackRock, Brookfield and TPG commit to $30bn emerging markets climate fund
The UAE has launched a $30 billion fund for climate solutions in emerging and developing markets, with aims to attract $250 billion in further capital commitments by 2030.
Mizuho to invest in carbon credit marketplace Climate Impact X
Mizuho Financial has invested in Singapore-based carbon credit marketplace Climate Impact X (CIX) as the Japanese financial giant looks to expand the "reliable and high quality" regional carbon market in Asia.
10% of sustainability-linked bonds 'not aligned' with ICMA principles, says Fitch
One in ten of the sustainability-linked bonds (SLBs) rated by Sustainable Fitch are "not aligned" with the widely accepted principles administered by the International Capital Market Association (ICMA), almost four-times the level for green, social and sustainability bonds.