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Goldman Sachs leaves Net Zero Banking Alliance
08 December 2024Goldman Sachs has left the Net Zero Banking Alliance (NZBA), it said in a statement.
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US braced for stifling impact of Trump presidency on bank climate regulation
03 December 2024Climate-related regulation of US banks is set to stagnate "at best" and faces the prospect of anti-ESG rulemaking at federal level, according to a prominent former regulator.
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Aviva to integrate nature into transition plan
02 December 2024Aviva is to integrate nature into the second version of its transition plan, a conference heard.
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'Loose' EFRAG transition plan guidance permits greenwashing, NGOs argue
02 December 2024 -
Texas sues BlackRock, State Street and Vanguard over ESG strategy on coal
28 November 2024Texas' Attorney General has sued BlackRock, State Street Corporation, and Vanguard Group, alleging they were "conspiring to artificially constrict the market for coal through anticompetitive trade practices" relating to their ESG strategies.
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Mitigation needs work for COP30 after 'basically no outcome' at COP29
27 November 2024After a 'mitigation-lite' COP29 event, the Swedish COP negotiator said the next climate summit needs to focus on getting a "clear mechanism" in place to deliver the ground-breaking deal to transition away from fossil fuels agreed at COP28.
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Webinar: COP29 a missed opportunity to support private sector transition planning
22 November 2024A lack of progress on negotiations at COP29 is undermining hopes that countries could support the creation of an international framework that would support private sector transition planning, a webinar hosted by the IFC and Environmental Finance heard.
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EU supervisors estimate trillions in losses from 'run on brown' assets
19 November 2024European financial institutions stood to lose trillions of euros from a 'run on brown' assets, financial supervisors estimated in a first-of-its-kind stress test - but the financial impacts of climate-related "transition risks alone are unlikely to threaten financial stability".
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IOSCO encourages regulators to clarify issuers' liability for transition plans
14 November 2024Standard setters and regulators have been "encourage[d]" to provide "markers on what would constitute forward-looking information" to show preparers of transition plans the extent of information they can provide without expecting to be sued.
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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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Eiopa recommends additional capital requirements for insurers' fossil fuel assets
07 November 2024The European Insurance and Occupational Pension Authority (Eiopa) has recommended higher capital requirements for European insurers holding fossil fuel assets.
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Transition plan guidance published for EU disclosure rules
05 November 2024Draft guidance has been published to help organisations preparing to report in line with EU disclosure regulations create climate mitigation transition plans.
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BHP climate transition plan gains shareholders' approval
31 October 2024Mining giant BHP has won shareholder backing for its Climate transition action plan (CTAP), despite opposition from the world's largest sovereign wealth fund.
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NZAOA members warn their progress on decarbonisation at risk from policy inaction
30 October 2024Insurers and pension fund members of the Net Zero Asset Owner Alliance (NZAOA) have warned their progress on decarbonising their portfolios could be about to slow because the wider global economy is not showing signs of matching their efforts.
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Webinar: Vague definition of greenwashing deters 'transition' finance
29 October 2024The growth of 'transition' finance is being held back by fears among debt issuers of being accused of greenwashing - a situation exacerbated by national regulators failing to clearly define what constituted greenwashing, a webinar hosted by Environmental Finance heard.
- BNP Paribas urges data providers to improve biodiversity metrics
- Quadrupling of restoration finance needed by 2030, warns UNEP
- Goldman Sachs leaves Net Zero Banking Alliance
- What COP29 got wrong...and how to get it right
- 'Cross fertilisation' possible for Article 6 and biodiversity credits, says IAPB
- 'Dense and difficult to understand', French regulator says of taxonomy disclosures
- Croatian pharmaceutical firm issues milestone SLB
- Nuveen appoints NIA to manage its €2bn European offshore wind portfolio
- KfW announces €10bn green bond programme for 2025
- 'Quiet influence': CTFH has helped make sustainable bond frameworks 'meatier'