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Bond round-up: Canada, Dubai Islamic Bank, Tui ... and more

ICMA working group considering including avoided emissions in bond, loan principles

The International Capital Market Association (ICMA) has set up a working group to consider including 'avoided emissions' in principles for sustainability bonds and loans.

EU due diligence rules 'back to square one' as countries reject text

The EU's Corporate Sustainability Due Diligence Directive (CSDDD) is in peril after EU member states voted down the latest text, forcing it back to the European Parliament just three months before the end of its mandate.

'Appalling inaction' on deforestation by BlackRock, Vanguard, Wells Fargo

BlackRock, Vanguard and Wells Fargo have been accused of "appalling inaction" on deforestation by NGO Global Canopy, which criticised the lack of policies and continued financing of deforestation over the past decade.

European Parliament passes 'world first' nature restoration law

Investors have welcomed the European Parliament passing the "world first" Nature Restoration Law, calling it a "watershed" moment for a nature-positive economy.

CA100+ defends phase 2 approach, after big name departures

Climate Action 100+ has defended its updated approach, which has been blamed for three of its biggest signatories walking away from the climate engagement initiative earlier this month.

Nature-based solutions boosted in offsetting principles update

A set of principles designed to bring credibility to the "failing" voluntary carbon markets have been updated to place greater importance on the role of nature-based solutions.

S&P launches two biodiversity benchmarks

S&P Dow Jones Indices has launched two biodiversity benchmarks, tracking a subset of equities within the S&P 500 and S&P Global LargeMidCap indices.

Bain is first company to make VCMI credit claim

Management consultancy Bain & Company become the first organisation to make the highest-level of carbon integrity claim under the Voluntary Carbon Market Integrity Initiative (VCMI) claims code.

Biodiversity funds top $1 billion for first time

Biodiversity fund assets topped $1 billion for the first time in 2023, but the majority of funds in the universe remain small.