News

ESG IDP updates private credit reporting harmonisation template

The ESG Integrated Disclosure Project (ESG IDP) has updated its private credit-focused standardised reporting template and announced new appointments to its industry-led executive committee (ExCom).

Halyk Bank issues first bank green bond from Kazakhstan

Almaty-based lender Halyk Bank has raised KZT20 billion ($38 million) from the first green bond issued by a commercial bank in Kazakhstan.

New Zealand businesses told to avoid obscuring material information by regulator

Financial institutions and corporates in New Zealand have been told to improve reporting in several areas, including to "avoid obscuring material information" by providing reports that are too long or too short, in a review of disclosures by the Financial Markets Authority .

PRI's Spring launches progress-tracking framework

The Principles for Responsible Investment's nature engagement initiative, Spring, has launched an assessment framework to track company progress against its expectations for reducing biodiversity loss and nature impact.

Quadrupling of restoration finance needed by 2030, warns UNEP

Restoration finance remains "relatively modest" amongst the private sector, a new report by the UN Environment Programme, as it called for a quadrupling of flows by 2030.

One-year delay to Deforestation Regulation agreed by EU Council, Parliament

The EU Deforestation Regulation will apply one year later than initially proposed, after agreement by the European Council and Parliament staved off proposals from right-wing politicians to water down the rules.

Sustainable debt round-up: Smurfit Westrock, India, EDF ... and more

SBTN urges private sector and government alignment on nature targets

The Science-based Targets Network (SBTN) has urged governments to look at private sector nature targets as a template for action at the desertification COP.

Real estate ripe for pension impact allocations in 2025, says Apex

Real estate is likely to attract further commitments from pension funds' impact investment allocations through 2025, an investment adviser has told Environmental Finance.

LATAM Airlines signs 'milestone' sustainability-linked loan

LATAM Airlines has become the first South American airline to sign a sustainability-linked loan (SLL), with the Chile-based firm seeing the debut deal as the first step to further sustainable finance transactions - including sustainability-linked bonds (SLBs).