Policy

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.

The Basel Committee on Banking Supervision (BCBS) has requested feedback on proposals to require banks to disclose greenhouse gas (GHG) emissions linked to the financing they provide as well as underwriting and advisory activities.

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'.

A big drop in the total assets judged as 'sustainable' globally has been reported in the latest in a series of biennial reviews, with tightened criteria in response to a "rise in greenwashing and greenhushing".

The publication of UK sustainability disclosure requirements (SDRs), sustainable investment labels and an "anti-greenwashing rule" has been hailed "an important moment" in building trust in sustainability claims by investment funds.

Bank of Ireland has officially launched its sustainability-linked loan programme for farmers who supply Kerry Dairy, as Ireland's largest agriculture lender prepares to roll it out to more than 20,000 farmers in 2024.

Financial institutions calling for the inclusion of the sector in EU due diligence rules will have to wait until next month to find out if they have been successful, when the next meeting of EU institutions is understood to be planned.

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.

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).