News

• PCAF sovereign debt methodology plugs gap in emissions accounting, says Allianz

  21 December 2022

  The Partnership for Carbon Accounting Financials (PCAF) has published a methodology to help investors in sovereign debt account and report their greenhouse gas (GHG) emissions, which Allianz says helps fill a gap for financial institutions.

• COP15 agreement 'significant,' but credit impact depends on implementation

  21 December 2022

  Moody's Investors Service said the UN COP15 biodiversity summit agreement is a "significant milestone" considering the extent of natural capital risk in debt markets,...

• Vague COP15 agreement is 'not a Paris moment', warns HSBC

  20 December 2022

  The global biodiversity framework agreed at the COP15 conference this week failed to meet expectations among some observers that it could provide an equivalent target to 'net zero' for nature, according to a research note by HSBC.

• EU agrees 'game-changing' carbon market expansion

  20 December 2022

  The EU has agreed a ground-breaking carbon border adjustment mechanism (CBAM) alongside a deal to strengthen and expand its emissions trading system (ETS),...

• COP15 text is foundation for private sector work on metrics, LGIM says

  20 December 2022

  The agreement by countries at COP15 to protect 30% of land and sea biodiversity by 2030 is likely to leave private sector initiatives to do much of the heavy lifting in areas such as devising nature-related metrics and targets, a large asset manager has said.

• COP15: Agreement on nature-related disclosures hailed by investors

  19 December 2022

  Investors have welcomed agreement by countries on a text to halt and reverse the loss of nature, which sets a goal to require financial institutions and companies to disclose their nature-related impacts and dependencies.

• KfW targeting €10bn green bond issuance in 2023

  19 December 2022

  KfW plans to raise a further €10 billion ($10.6 billion) from green bonds in 2023, after the German development bank reached a $65 billion cumulative issuance total in 2022.

• Netherlands plans new green bond issue in 2023

  19 December 2022

  The Netherlands is planning to issue a new, 20-year green bond in 2023 and hinted at issuing other labelled sustainable bonds, after the country raised more than €15 billion ($15.9 billion) from its maiden green bond.

• COP15: Manulife commits $100m to nature-based solutions

  19 December 2022

  Manulife has pledged $100 million towards nature-based solutions with a focus on producing forestry carbon offsets.

• ISSB votes in favour of 'relief package' for Scope 3 disclosures

  16 December 2022

  The International Sustainability Standards Board (ISSB) has voted in favour of a package of relief provisions for Scope 3 greenhouse gas (GHG) emissions disclosures as well as introducing a framework for Scope 3 measurement in IFRS S2 climate-related disclosures at its meeting in Montreal this week.