News

Zero-deforestation soy finance initiative raises $36m

The RCF Cerrado Programme fund has secured further commitments, representing four-fold growth since last year.

Investors need to 'step up' on evaluating green bond issuers, says Cemex

Investors need to better evaluate the credentials of green bond issuers, rather than relying on green bond frameworks, Cemex has told an Environmental Finance conference.

ESG in Fixed Income Americas 2023: Investors call for green bond market improvements

Investors recommended structural improvements for some of the deals in the labelled bond market, hoping it may lead to improved quality of transactions.

Natural Capital Investment Americas 2023: Investor hopes the SBTi will 'endorse' carbon credits

An Environmental Finance conference has heard hopes from market participants that the Science-based Targets Initiative (SBTi) will "endorse" the use of carbon credits as part of net zero targets.

Allspring launches climate transition fixed income fund

Exclusionary strategies could spark 7% drop in stock prices of 'brown' firms, BIS report says

The exclusion of high-emitting 'brown' firms by sustainability-minded investors could lead to a 7.1% drop in stock prices of these firms over 10 years, according to a modelling exercise by academics.

ExxonMobil pension fined for missing climate reporting deadline

People Moves, 29 September: AXA IM, Just Climate, Agilitas, General Atlantic, UKSIF... and more

UK banks, insurers told by regulator to improve climate accounting processes

UK banks and insurers have been urged by their regulator to "establish clear plans and timeframes for developing climate accounting capabilities", as it reminded them of expectations to measure and manage climate risks.

Natural Capital Investment Americas 2023: TNFD and biodiversity COP 'signals' to Verra to certify biodiversity credits

Growing demand from project developers and the rise of a nature-related disclosure framework means there are now "enough signals" for Verra to address biodiversity by developing a crediting methodology, an Environmental Finance conference has heard.