News

RBC's ditched target feeds debate on chilling effect of Competition Act

RBC's decision to ditch a CAD500 billion ($363 billion) 'sustainable finance commitment', citing recent changes to Canada's anti-greenwashing rules, has fed debate about how such rules can be effective without having a chilling effect on disclosures.

Early coal phase-out methodology launched

A methodology for using transition credits to phase out coal power plants has been launched by the Rockefeller Foundation-led Coal to Clean Credit Initiative (CCCI) and consultancy South Pole.

Adaptation could help companies gain a competitive edge, says JP Morgan Chase

Discussion surrounding the impact of climate change has traditionally focused on potential future losses, but companies that adapt could see a financial return, according to a new report by JP Morgan Chase.

Curbing reach of CSDDD may be part of US trade negotiations, says Chamber of Commerce

US President Donald Trump is concerned at the "extra-territorial" reach of the EU's sustainability due diligence rules, and the US may use trade negotiations with the bloc to try to reduce its scope, according to a senior official at the US Chamber of Commerce.

People Moves, 2 May: Janet Yellen; Denham Capital; Green Arch ... and more

More realism about sustainability-linked products is needed, says Barclays

Amidst continuing concern about greenwashing in sustainability-linked products, Barclays has told Environmental Finance that the market needs to be realistic about what these products are aiming to achieve.

New Forests acquires Laos timber company

New Forests has acquired a timber plantation forestry company in Laos, as part of its plans to scale up operations in the country.

UK's climate risk management proposals are a fundamental regulatory shift, say experts

Consultation paper represents a "complete rewrite" of existing rules for insurers

Neuberger bags $300m for second private equity impact fund

Neuberger Berman has closed its second private equity impact fund, with $300 million in commitments.

Blue bond label more digestible 'amid ESG backlash', says T Rowe Price

The 'blue' label could help issuers avoid the wider ESG pushback that afflicts other types of labelled bonds, T. Rowe Price has told an Environmental Finance conference.