News

COP28: Loss and damage fund secures $277.5m, as conference 'gets off to strong start'

COP28 made "an important breakthrough" on its first day, when a fund to help vulnerable countries adapt to the effects of climate change was put into operation, with $277.5 million committed by several governments.

COP28: 'Unrealistic' to expect agreement to phase out fossil fuels, says Deutsche Bank

The COP28 climate talks kicking off today in Dubai are unlikely to result in an agreement to phase out fossil fuels, given its setting in one of the world's biggest oil and gas producing countries, warned Deutsche Bank.

Net zero targets can oblige progress reporting in financial accounts, says IASB committee

Setting net zero commitments can oblige companies to report their performance against climate targets under existing financial accounting standards, according to the International Accounting Standards Board (IASB) interpretations committee.

Companies face failure to comply with EU deforestation law, Ceres says

Few of the world's biggest companies are taking "ambitious action" on deforestation, and run the risk of failing to comply with incoming legislation, Ceres has said.

Bond round-up: Bank Pekao, Argentina, Ericsson ... and more

Bloomberg and Natural History Museum to build biodiversity data tool

Bloomberg has announced it will work with the UK's Natural History Museum to build a biodiversity data tool for investors.

Expect more fossil fuel meddling at COP28, says Morningstar

It is unsurprising that the UAE reportedly sought to use COP negotiations to further fossil fuel interests - and it is likely that oil and gas companies will look to further change the narrative in their favour at this year's conference, according to Morningstar.

Banking regulatory body consults on requiring disclosure of financed and facilitated emissions

The Basel Committee on Banking Supervision (BCBS) has requested feedback on proposals to require banks to disclose greenhouse gas (GHG) emissions linked to the financing they provide as well as underwriting and advisory activities.

Mizuho to invest in carbon credit marketplace Climate Impact X

Mizuho Financial has invested in Singapore-based carbon credit marketplace Climate Impact X (CIX) as the Japanese financial giant looks to expand the "reliable and high quality" regional carbon market in Asia.

10% of sustainability-linked bonds 'not aligned' with ICMA principles, says Fitch

One in ten of the sustainability-linked bonds (SLBs) rated by Sustainable Fitch are "not aligned" with the widely accepted principles administered by the International Capital Market Association (ICMA), almost four-times the level for green, social and sustainability bonds.