News

Central banks 'could demand transition plans to help set capital requirements'

A "high likelihood [of] sudden build-ups of prudential risks" caused by climate change should see central banks and supervisors adjust prudential requirements for banks based on their transition plans, academics have recommended.

Denmark prepares new sovereign green bond issuance

Denmark has launched a new 10-year green bond, saying it plans to raise DKK10 billion ($1.4 billion) from its sovereign green paper before the end of 2023.

Further clarity on Article 6 methodology on its way, says IETA initiative

Further clarity is expected soon on which methodologies will be used to define eligibility for the UN's carbon credit market, as well as how existing voluntary guidance could be 'absorbed' by the new market, the Climate Action Data Trust (CAD Trust) has said.

Environmental Finance Sustainable Company Awards winners revealed

The winners of the annual Environmental Finance Sustainable Company Awards have been announced, recognising some of the companies taking the lead in transforming their business practices for a sustainable future.

Lombard Odier's Plastic Circularity fund draws pension fund and insurance investors

Lombard Odier Investment Managers has held a first close of its Plastic Circularity Fund, raising an undisclosed amount.

18% of sustainability-linked bonds 'pose greenwashing risk'

Almost one-in-five sustainability-linked bonds (SLBs) in the market pose "too great a greenwashing risk" for MainStreet Partners, compared with less than one-in-ten for specific use-of-proceeds bonds.

MSCI launches sustainability 'institute'

Banque de France projects 40% hit to shares in burst of 'green bubble'

A theoretical 'green bubble' in stock markets could see the value of shares in companies developing 'clean technologies' such as electric vehicles and renewables tank by as much as about 40% and lead to widespread bankruptcies, the Banque de France has projected.

'Significant shortfall' in CSRD-type disclosures points to trouble ahead, analysis says

'Ground-breaking' California climate disclosure bill passed by lawmakers

A landmark corporate climate disclosure bill in California has been passed by the State Assembly, in a key step towards it potentially coming into law.