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Investors urge EU against delaying deforestation regulation
13 November 2024Institutional investors have urged the European Parliament to reject a request to delay the EU Deforestation Regulation, saying it would unfairly "disadvantage countries and companies that have moved promptly to prepare for the new requirements".
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COP29: MUFG backs Canada-led blended finance initiative
13 November 2024Canada has launched a $1.5 billion blended finance 'platform' that aims to provide climate finance to climate projects in "up to" 25 emerging markets and developing economies, with backing from MUFG.
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Climate disclosure 'stagnated' in anticipation of reporting rules, Australian regulator finds
13 November 2024Australian financial institutions' disclosure of climate-related risks has "stagnated" compared to previous years, a trend which the regulator suggests was due to organisations waiting for more clarity on greenwashing and disclosure rules.
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COP29: IIGCC welcomes UK's updated NDC
12 November 2024The UK has announced it will target a reduction in greenhouse gas emissions of at least 81% by 2035, compared to 1990 levels, in a move an investor group said showed the UK could lead the world in attracting private climate finance.
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'High degree of commonality' between CDP reporting and ESRS standards
12 November 2024 -
AIGCC to launch 'just transition-focused' working group for emerging markets
12 November 2024 -
London borough could increase BNG requirements
12 November 2024The London Borough of Harrow is consulting on an increase Biodiversity Net Gain requirements above the statutory 10% required for most new developments in England.
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IFRS flags concern at lack of company reporting on expected impacts of climate change
12 November 2024A review of company reporting has found little progress on company reporting in areas including the impacts of climate change on their businesses, strategies and financial planning, raising concern that investors are being starved of information they need.
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GFANZ backs call for regulators to define coal phaseout as transition finance
12 November 2024Governments and regulators could help investors by 'clarifying' that finance provided to accelerate the phaseout of coal plants counts as transition finance, according to the first report by the Coal Transition Commission (CTC) published at COP29.
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UK's FRC downgrades 'environment and society' in updated definition of stewardship
11 November 2024The UK Financial Reporting Council (FRC) has downgraded the words 'environment and society' in a redefinition of stewardship under proposed updates to the country's Stewardship Code.
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'Vital' LMA green loan drafting guidance to support market credibility
11 November 2024The Loan Market Association (LMA) has published drafting guidance for green loan transactions to encourage greater consistency and support a "more active and robust" market in the future.
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Chinese stock exchanges publish sustainability disclosure guidelines
08 November 2024 -
Invesco to pay SEC fine for charge that it overstated ESG assets under management
08 November 2024Invesco has agreed to pay a $17.5 million fine to settle a charge by the Securities and Exchange Commission (SEC) that it misled clients by claiming that a higher percentage of its assets were 'ESG-integrated' than the investor could prove.
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EFRAG guide 'a good start' but EU needs transition plan committee, report says
08 November 2024Draft guidance to help organisations create climate transition plans in line with EU disclosure rules is "a good start" but the European Commission must address inconsistencies between several EU regulations, according to E3G.
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Trump victory 'will cast a shadow over' COP29
07 November 2024Donald Trump's victory in this week's US federal election, and his earlier pledge to remove the country from the Paris Agreement for a second time, "will cast a shadow over" the COP29 UN climate negotiations beginning next week.
- COP29: Financing Net Zero
- What to expect on Article 6 at COP29
- COP29: Climate finance vehicle prepares for inaugural bond issue
- Amundi remains committed to just transition as flagship fund renamed
- UK's FRC downgrades 'environment and society' in updated definition of stewardship
- Creation of EU sustainability labels will tackle SFDR greenwashing, prospective commissioner says
- GFANZ backs call for regulators to define coal phaseout as transition finance
- COP29: BlackRock among investors working on Singapore-led debt finance initiative
- Global Biodiversity Framework 'in jeopardy' after COP16 finance failure
- EF's Biodiversity Insight 2024