News

Sustainable Debt round-up: African Development Bank, Eurobank, Deutsche Glasfaser Group ... and more

LEAF to invest $180m in 'landmark' deforestation deal

The LEAF coalition has agreed to a 'landmark' $180 million carbon credit deal with Brazilian state Pará, aimed specifically at halting deforestation in the Amazon.

More patience needed for nature investments, says WEF

An "innovation ecosystem" is needed to scale up investment into natural capital, the World Economic Forum (WEF) has said, calling for new investment models and more "patience".

Vanguard fined record AUD12.9m over greenwashing

The Australian federal court has fined Vanguard Investments Australia a record AUD12.9 million ($8.9 million) for making "misleading" ESG claims about exclusionary screens applied to investments in its Vanguard Ethically Conscious Global Aggregate Bond Index Fund.

Global South organisations urge SBTi to allow carbon credits

Over 100 organisations from across the Global South have urged the Science-based Targets Initiative (SBTi) to allow the use of carbon credits, alleging that their communities are being "ignored by the decision makers".

IIGCC highlights opportunities in unlabelled debt

Unlabelled debt could play a greater role in decarbonising high-emitting and hard-to-abate sectors than labelled debt and green bonds, a discussion paper by the Institutional Investors Group on Climate Change (IIGCC) suggested.

UK and FMO commit $55m to BTG Pactual reforestation strategy

Lack of deforestation data 'not a good excuse' for non-disclosure, says WBCSD

A lack of data is "not a good excuse anymore" for not disclosing on deforestation, the World Business Council for Sustainable Development (WBCSD) has said, as it releases new guidance for financial institutions.

Earth 'rapidly approaching red alert', warns scientists

Earth is almost in "red alert", scientists have warned, after finding that six of nine planetary boundaries have already been breached, with one more transgression "imminent".

French asset owners to announce biodiversity fund at COP16

A group of French asset owners expects to announce the asset manager selected to run a new biodiversity fund at the upcoming biodiversity COP.