News

Physical climate risks already feeding inflation, says NGFS chair

Physical climate risks are already feeding through to increased inflation, demonstrating that climate change "is within the core mandate" of central banks, according to the chair of the Central Banks and Supervisors Network for Greening the Financial System (NGFS).

Just Climate expands mandate to LatAm

Generation Investment Management's Just Climate arm has expanded its mandate to Latin America, through its merger with Good Karma Partners.

PRI CEO David Atkin to step down in 2026

The board of the UN's Principles for Responsible Investment (PRI) is to begin a search for a new CEO as incumbent David Atkin announced he will step down next year.

German Chancellor calls for 'complete repeal' of EU CSDDD

German Chancellor Friedrich Merz has called for a "complete repeal" of EU directives including the Corporate Sustainability Due Diligence Directive (CSDDD).

People Moves, 9 May: Standard Chartered, HSBC Asset Management, Climate Impact Partners ... and more

COP's tropical forest facility consults on design

The Tropical Forest Forever Facility, a mechanism to reward countries for not deforesting, is consulting on its design ahead of its formal launch at COP30.

NBIM calls on EU to copy ISSB in overhauled corporate reporting standards

The EU should adopt 'identical' terminology and metrics from International Sustainability Standards Board (ISSB) standards in European Sustainability Reporting Standards (ESRS) where they address the same matters, managers of the $1.7 trillion oil fund have urged.

EBA hints it will resist calls to delay ESG scenario analysis rules amid CSRD overhaul

Rules for EU banks to conduct routine 'ESG scenario analysis' "cannot depend directly" on corporate reporting rules, their regulator said in response to calls to delay introduction while the bloc overhauls its Corporate Sustainability Reporting Directive (CSRD).

Carbon market's biggest players urge governments to step up

Some of the voluntary carbon market's biggest players have called on governments to play a more proactive role and clarify the position of voluntary action within Article 6 of the Paris Agreement.

Expand nature compliance markets, urge UK parliamentarians

The UK government has been urged to expand nature compliance markets and stand behind its Biodiversity Net Gain legislation.