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Kenyan central bank consults on green taxonomy
15 April 2024The Central Bank of Kenya has issued a draft green finance taxonomy - developed with the support of the European Investment Bank - to classify green or environmentally sustainable activities.
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EU should create 'sustainability-linked green bond' label, says IEEFA
15 April 2024The European Commission could consider rules for combining sustainability-linked bond (SLB) structures with its "breakthrough" impact disclosures under its green bond standard, as an initial step towards regulating SLBs, according to a think tank.
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'Naive' to think nature disclosures will help scale up investment, UK MPs hear
12 April 2024Improvements to nature disclosure frameworks may not translate into immediate investment, a UK government committee has heard, whilst Gresham House called for further investor action on the issue.
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SBTi board faces resignations and staff ire after change to carbon credit stance
12 April 2024The Science-Based Targets initiative (SBTi) Board of Trustees has come under fire for changing its stance on corporate use of carbon credits for Scope-3 emissions reduction targets, which has been described as a "major departure" from existing policy.
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World Bank releases 'game-changing' streamlined impact metrics
11 April 2024The World Bank has released a new impact outcomes 'scorecard' which will be deployed across all its institutions for the first time, which was described as "game-changing" for the development bank.
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European Parliament approves 'world first' carbon removal certificate
11 April 2024The European Parliament has formally approved a certification framework for carbon removal projects, but carbon market participants have warned this does not go far enough.
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'Regulators could follow TCFD example' by making TPT mandatory
11 April 2024Guidance on 'gold standard' climate transition plans could be implemented in UK regulation, following the example of the Task Force on Climate-related Financial Disclosures (TCFD), according to a senior lawyer.
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SBTi warms to offsets, in massive move for voluntary carbon market
10 April 2024The Science-Based Targets initiative (SBTi) has said it will take a more accommodative stance towards carbon credits, in a move one observer described as a "massive" moment for the voluntary carbon market.
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No Scope 3 'loophole' in our rule - but qualitative info may be required, says SEC
09 April 2024Companies will not be required to give quantitative disclosures of greenhouse gas (GHG) emissions outside their direct control under the Securities and Exchange Commission (SEC)'s climate rule - but they may have to provide qualitative disclosures, it has said.
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SSBJ issues draft sustainability disclosure standards
09 April 2024The Sustainability Standards Board of Japan (SSBJ) has issued three exposure draft disclosure standards it said are aligned with the International Sustainability Standards Board (ISSB) IFRS standards.