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Fortum publishes 'nuclear' green finance framework
01 February 2024Finnish power firm Fortum has published a green finance framework which includes nuclear power projects in its eligible categories, joining a small number of European issuers incorporating the contested 'green' technology in their plans.
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More private capital is needed to help hit forestry targets, says Gresham House
01 February 2024The UK and other countries need to attract more private capital to help them hit their reforestation targets, Gresham House has argued.
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IOSCO should oversee ESG data and ratings principles for regulators, S&P suggests
31 January 2024The International Organisation for Securities Commissions (IOSCO) should develop a centralised set of principles for good conduct by ESG data and ratings providers, a senior executive at S&P has recommended.
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ECB makes nature risk a priority
30 January 2024The European Central Bank (ECB) has added 'nature loss and degradation' to its key areas of focus for the next two years.
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EU expert group to examine how to hardwire taxonomy into transition plans
29 January 2024An EU-mandated expert group is to advise the EU how criteria from its sustainability taxonomy can be "systematically integrated" to improve comparability and credibility of organisations' climate transition plans.
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EU Platform begins transition plan work as it denies EU neglects issue
29 January 2024A commonly held perception that the EU's sustainable finance framework does not support 'transition' activities is "wrong", the chair of an independent EU advisory group has said, as it begins work on what good transition plans look like.
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Texas brands Barclays 'fossil fuel boycotter' alongside muni bond ban
29 January 2024The Attorney General of Texas has banned Barclays from underwriting municipal bonds in the oil rich US state after it classified the UK-listed bank as being a "fossil fuel boycotter".
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Law officials continue probe into DWS, as documents seized in Frankfurt
26 January 2024 -
Further clarity needed on Scope 3 materiality, says IIGCC
26 January 2024"Further clarity" is needed from policymakers on the materiality of Scope 3 to businesses, the International Investors Group on Climate Change said.
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EU taxonomy reporting metric is too simplistic, banking group says
26 January 2024The disclosure of a 'green asset ratio' required by the EU taxonomy regulation is too simplistic to be relied on as a comparison of banks' climate transition efforts, according to the European Banking Federation (EBF).