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ESMA proposes mandating ESG transparency in credit ratings
03 April 2024The European securities regulator has proposed requiring credit ratings agencies to explicitly state where and how ESG factors are incorporated in their methodologies.
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Issuers worry capex-focused sustainability-linked bonds could 'backfire'
03 April 2024Carbon-intensive issuers are interested in tying sustainability-linked bonds (SLBs) to their 'green' capital expenditure (capex) plans, but are concerned that investors will begin to view these 'double' impact bonds as the only way they can access the market.
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Carbon markets alone will not protect nature, says Arup
03 April 2024Carbon markets cannot be relied upon to fund the scale of nature protection needed, Arup has said, as it called for a wider range of funding instruments to be deployed.
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Brazilian cattle farmers need $114bn of investment to transition
03 April 2024Brazilian cattle farmers have been urged to diversify their revenue streams to limit the threat of climate change, as a report warned that $114 billion of investment is needed by 2030 to put the sector on a pathway to sustainability.
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Kempen 'surprised' adaptation isn't greater priority for regulators
02 April 2024Kempen Capital Management has expressed "surprise" that adaptation hasn't been made a greater priority by regulators.
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Saudi Arabian green finance framework an 'important but controversial step'
02 April 2024The Kingdom of Saudi Arabia has published its green financing framework, opening the door to major oil exporter issuing sovereign green bonds and sukuk.
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UK's biodiversity net gain legislation extended
02 April 2024The UK's Biodiversity Net Gain legislation, which created the world's first mandatory biodiversity credit market, has been extended to small development sites.
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Climate resolutions hit record in North America, despite ESG backlash
02 April 2024A record-breaking number of climate resolutions has been filed in North America, although it remains to be seen whether investors will support them, given the strength of anti-ESG sentiment in the US.
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SEC climate rule faces new legal challenge
02 April 2024Two fracking companies have brought a new legal challenge against the Securities and Exchange Commission (SEC)'s climate rule.
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Japanese GFANZ members 'intend to grow transition financing'
02 April 2024Japanese financial institutions said they will grow their allocation to 'transition financing' and explore ways to ramp up a planned phase-out of coal power generation, in a joint statement by signatories to the Glasgow Financial Alliance for Net Zero (GFANZ).
- Enel SLB target miss 'very significant event' for market
- ISSB to work on biodiversity disclosures
- Nature Action 100 publishes company benchmark design
- What is the most important skill you need to succeed in sustainable finance?
- Governments urged to make nature transition plans mandatory
- Comment: Are we finally ready to have a grown-up conversation about the transition?
- Article 6 and CORSIA: preparing for compliance
- Decline of Article 9 funds nearing end and Article 8 continues to soar, Barclays finds
- BlackRock and Temasek's Decarbonization Partners closes debut fund at $1.4bn
- Transition bond label is a 'distraction' for transition finance, says MetLife IM