News

The EU's proposed Corporate Sustainability Due Diligence Directive will be "very complicated" for companies to comply with, UBS has warned.

A global market for biodiversity credits may exist within a year, according to Swedbank Group, as it revealed that it has invested in a pilot project that will generate credits.

The Asia Pacific chapter of the Glasgow Financial Alliance for Net Zero (GFANZ) has published guidance for financing the early retirement of coal-fired power plants.

The chair of Australia's regulator has criticised 'greenhushing' - whereby companies do not publicly communicate their sustainability strategy - as "just another form of greenwashing".

Eastspring Investments is taking a "non-confrontational" approach to climate engagement in Asia, where governance remains the pressing sustainability-related concern, it told Environmental Finance.

An online tool to ease access to funding resources for biodiversity projects, from sources including investors, is about to be launched by UN Development Programme.

Voluntary carbon markets are not "going to be perfect", but all tools, even those that "are contested" will be needed to transition the economy, the Voluntary Carbon Market Integrity Initiative (VCMI) has told Environmental Finance.

The EU Corporate Sustainability Due Diligence Directive (CSDDD) has secured approval from the European Parliament that will require companies to implement climate transition plans and disclose the impact of their value chains on human rights and the environment.

The European Securities and Markets Authority (ESMA) has recommended that the EU consider sharpening up recognition of 'transition' finance and better align legislative use of what constitutes 'significant harm' in order to prevent 'greenwashing'.