News

• EFRAG working with TNFD on 'interoperability map'

  29 November 2023

  The European Financial Reporting Advisory Group (EFRAG) has said it is working with standard setters, including the Taskforce for Nature-related Financial Disclosures, on 'interoperability maps'.

• Innovative $1bn 'blended finance' SDG loan fund launched

  29 November 2023

  Allianz Global Investors (Allianz GI) and FMO Investment Management (FMO IM) have launched a UN Sustainable Development Goal (SDG)-aligned loan fund after successfully mobilising $1.1 billion for the innovative public-private investment fund.

• 'More rigorous' standards see biennial review register big drop in sustainable assets

  29 November 2023

  A big drop in the total assets judged as 'sustainable' globally has been reported in the latest in a series of biennial reviews, with tightened criteria in response to a "rise in greenwashing and greenhushing".

• NBIM plans $70bn sustainable private equity investment expansion

  28 November 2023

  Norges Bank Investment Management (NBIM) is proposing updating the investment strategy for the NOK15.6 trillion ($1.46 trillion) Norwegian sovereign wealth fund to include net zero-aligned unlisted equity investments.

• VCMI launches 'flexible Scope 3 claim' for carbon credit usage

  28 November 2023

  The Voluntary Carbon Markets Initiative (VCMI) has launched a framework for allowing companies to credibly use carbon credits even though they are struggling to meet short-term reduction targets.

• UK sustainability disclosure rules unveiled in 'important moment' for tackling greenwashing

  28 November 2023

  The publication of UK sustainability disclosure requirements (SDRs), sustainable investment labels and an "anti-greenwashing rule" has been hailed "an important moment" in building trust in sustainability claims by investment funds.

• Agricultural climate and nature data platform launched

  27 November 2023

  An agricultural data platform has been launched to assist with reporting and help financial institutions better manage climate and nature risks.

• Bank of Ireland eyes expansion after sustainability-linked farmer loan launch

  27 November 2023

  Bank of Ireland has officially launched its sustainability-linked loan programme for farmers who supply Kerry Dairy, as Ireland's largest agriculture lender prepares to roll it out to more than 20,000 farmers in 2024.

• GFANZ signatories urged to address 'blind spot' on deforestation

  27 November 2023

  With the "vast majority" of financial institutions still not taking action on deforestation, investor coalitions such as the Glasgow Financial Alliance for Net Zero (GFANZ) have been urged to push their signatories to take action.

• Discussions over inclusion of financial sector in EU due diligence rules shunted to December

  27 November 2023

  Financial institutions calling for the inclusion of the sector in EU due diligence rules will have to wait until next month to find out if they have been successful, when the next meeting of EU institutions is understood to be planned.