News

Simplify 'major source of regulatory burden' of sustainability reporting, urges Draghi report

The EU should simplify its sustainability reporting and due diligence framework as part of efforts to rescue the bloc from economic underperformance and promote its competitiveness internationally, according to a report by Mario Draghi.

UK firms facing 'cliff-edge' risks of fund name rule breach given reprieve by regulator

Fund managers struggling to meet a looming deadline to comply with UK sustainability name rules have been given an extension by their regulator.

SEB: 'Higher expectations' developing for SLBs

"Higher expectations" are developing around European sustainability-linked bonds (SLBs), in particular around Scope 3 greenhouse gas (GHG) emissions targets, according to SEB.

Natural gas is flashpoint in Australian taxonomy consultation

Disagreements over whether gas should be included in Australia's taxonomy of sustainable finance activities have been exposed by responses to a consultation.

Reform of international financial architecture gaining momentum before COP29, Aviva says

Calls to reform the international financial architecture to better support the achievement of the Paris Agreement goals are growing louder, as countries prepare for COP29 and their next round of climate targets, according to Aviva Investors.

EXCLUSIVE: M&G to rebrand climate solutions fund as biodiversity

M&G Investments is rebranding its climate solutions fund as a nature and biodiversity fund, as it looks to capitalise on growing interest in the theme, Environmental Finance has learned.

Pearson issues second £350m 'education' social bond

Publishing and services firm Pearson has raised £350 million ($460 million) from its second education-focused social bond, helping alleviate a lack of sterling-denominated sustainable bond supply.

Central banks have a 'duty' to manage nature risks, says ECB

Central banks have a "duty" to manage nature-related risks, the European Central Bank has said, warning that litigation poses an increasing threat.

People Moves, 6 September: Petheram's new role plus the PRI, CAD Trust ... and more

Canadian transition guidelines could boost market, says BMO

Canadian guidelines on transition finance, which are expected to be released next month, could help make the country a leader in transition bonds, a leading underwriter believes.