Companies face failure to comply with EU deforestation law, Ceres says
Few of the world's biggest companies are taking "ambitious action" on deforestation, and run the risk of failing to comply with incoming legislation, Ceres has said.
Bloomberg and Natural History Museum to build biodiversity data tool
Bloomberg has announced it will work with the UK's Natural History Museum to build a biodiversity data tool for investors.
EFRAG working with TNFD on 'interoperability map'
The European Financial Reporting Advisory Group (EFRAG) has said it is working with standard setters, including the Taskforce for Nature-related Financial Disclosures, on 'interoperability maps'.
Agricultural climate and nature data platform launched
An agricultural data platform has been launched to assist with reporting and help financial institutions better manage climate and nature risks.
GFANZ signatories urged to address 'blind spot' on deforestation
With the "vast majority" of financial institutions still not taking action on deforestation, investor coalitions such as the Glasgow Financial Alliance for Net Zero (GFANZ) have been urged to push their signatories to take action.
COP28: 'Restructuring' of indigenous engagement needed
Improved engagement with indigenous peoples would help accelerate the flow of finance to communities and nature-based projects, Environmental Finance has heard.
Verra releases new REDD+ methodology
Verra has released an updated version of its Reducing Emissions from Deforestation and Forest Degradation (REDD+) methodology, following major criticism of the previous iteration.
ECB should consider nature risks in bond purchases and lending, Elderson says
The European Central Bank (ECB) should "broaden" its efforts to reduce climate risks in its lending and bond purchases to include nature risks - including in its €3 trillion ($3.3 trillion) public sector bond portfolio - according to a member of its executive board.
COP28: Clarity needed on biodiversity offsets, says TNC
More clarity is needed from governments on how biodiversity credits and offsets could work alongside each other, The Nature Conservancy (TNC) has urged, ahead of the start of the latest international climate conference (COP28).
Guidance launched for banks setting nature targets
Guidance has been launched to help banks set portfolio-level targets on nature, and begin reporting in line with the Taskforce on Nature-related Financial Disclosures (TNFD).