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ESMA opens sustainable bond prospectus technical advice consultation
29 October 2024The European Securities Markets Authority (ESMA) has opened a consultation on proposed technical advice on sustainability disclosures updates to the EU bond prospectus regulation, including around post-issuance reporting requirements.
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S&P: Green Asset Ratio is 'incredibly exciting' part of EU Taxonomy - in principle
28 October 2024The "most exciting" part of the EU Taxonomy regulation are the Green Asset Ratio (GAR) disclosures for banks as it provides investors with clear links between financial and sustainability reporting, according to S&P Global Ratings.
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CBI publish 'game-changing' agriculture criteria
25 October 2024The Climate Bonds Initiative (CBI) has published its "game-changing" sustainability criteria for agricultural production projects, with the influential not-for-profit hoping it provides a "forward-thinking tool" for one of the more complex areas of sustainable finance.
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COP16: Countries clash over Global Biodiversity Framework Fund
25 October 2024Negotiators at COP16 have clashed on whether the development of a global biodiversity fund is necessary, with dividing lines being drawn on the risk of fragmentation.
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Azerbaijan, IFC sustainable taxonomy 'roadmap' to launch at COP29
25 October 2024The Central Bank of Azerbaijan and International Finance Corporation (IFC) are set to publish a sustainable finance taxonomy "roadmap" to encourage interoperability between the rapidly growing number of national 'green lists' in development.
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Financial institutions say Canada anti-greenwashing rule has reduced access to ESG data
25 October 2024Financial institutions have warned the Canadian government that a recently introduced anti-greenwashing rule has led companies to withdraw from their websites the sustainability-related information investors require.
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G20 finance ministers and central bankers endorse transition plan work
25 October 2024The G20 Finance Ministers and Central Bank Governors have endorsed recommendations on improving the credibility of private sector transition plans including with high-level principles on what makes a good plan, in a communiqué following meetings this week.
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Danish regulator uncovers shortcomings in bank and insurer taxonomy reporting
24 October 2024Denmark's financial regulator has found widespread "shortcomings" by the country's banks and insurers in a study of the first year of mandatory reporting of taxonomy alignment under EU regulation.
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Deregulation under Trump could 'set US course on climate for decades to come'
24 October 2024A victory for Donald Trump in next month's US presidential election would likely see widespread deregulation of the financial sector including of climate risk, feeding uncertainty that could "set the course for decades to come", data analytics provider Climate X has predicted.
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EU 'discussing criteria' for sustainable, transition categories to replace SFDR Articles 8 and 9
23 October 2024Discussions within the European Commission are "advanced" on eligibility criteria for 'sustainable' and 'transition' categories that would replace Articles 8 and 9 of the Sustainable Finance Disclosure Regulation (SFDR), according to a source claiming knowledge of the talks.