Policy

Nine banks in ECB's crosshairs for fines after failing to meet sustainability expectations

Nine "outlier" banks missed a deadline to satisfy minimum expectations on management of climate and other environmental risks and have been told they face potential fines from the European Central Bank (ECB).

Bank of England warns on 'carbon shocks'

The UK's carbon pricing scheme helped drive a rise and fall in inflation in recent years, a senior figure at the Bank of England said, as it warned that climate risks have yet to be fully priced-in to markets.

EFRAG plans increased cull of ESRS datapoints in 'drastic decision'

EU advisers have revealed plans to cut datapoints in the Corporate Sustainability Reporting Directive by about 66%, in a move it said involved a "drastic decision" to cull all 277 datapoints organisations are currently given the option to report.

Voluntary carbon markets 'can't sustain' fragmentation, says Climate Impact Partners

Further consolidation is needed in the voluntary carbon markets, according to Climate Impact Partners, as it urged governments to better incentivise action.

Regulator publishes FAQ on compliance with California climate disclosure rules

'Relief' as renewables stage comeback after Trump bill

There was a sense of "relief" that US President Donald Trump's 'One Big Beautiful Bill' was not as damaging as expected for clean energy solutions companies, a major asset manager said, adding that it expects share prices to continue to rebound after a turbulent period.

Commission calls for entrants for next Platform on Sustainable Finance

EU prepares to let 'first wave' CSRD reporters omit biodiversity, social disclosures

Climate risk 'no longer tragedy of the horizon' says ECB note as it models 5% hit to GDP

Climate change is no longer "the Tragedy of the Horizon" but an imminent danger, a note by the European Central Bank (ECB) warned, as its 'short-term' scenario analysis showed potential for a huge 5% hit to eurozone GDP from extreme physical climate risks.

Calvert Impact begins fundraising private capital amid Trump's IRA fund reversal

US-based investment firm Calvert Impact is hoping to raise $7 billion of private capital for clean energy projects, to fill a financing gap created after US President Donald Trump pulled the plug on a climate grant promised by the previous administration.

Japanese ISSB standards will tackle long-standing issues with reporting timeline, L&G says

Trump tax bill 'less ugly than initially anticipated'

A tax-and-spending bill introduced by US President Donald Trump could accelerate investment in wind and solar projects in the short-term, amid a rush to take advantage of a closing window of tax credits, according to a senior figure at Lombard Odier.

EU Commission launches nature credit programme to scale private finance

The European Commission has launched a programme to scale nature credits in the EU in a bid to ramp up private investment into nature recovery.

'Immature' methodologies mean Scope 3 categories should get ISSB pass, industry says

Major insurers and asset managers said 'immature' assessment frameworks meant they should be allowed to omit a range of Scope 3 greenhouse gas (GHG) emissions disclosures when meeting International Sustainability Standards Board (ISSB) standards.

Commission adopts EU taxonomy reporting cuts despite data accessibility concerns

The European Commission has adopted cuts to EU taxonomy reporting that will "reduce administrative burden" for companies and financial institutions, including to templates it said would reduce datapoints lenders must report by 89%.