News

COP27: NGFS launches blended climate finance initiative

The Central Banks and Supervisors Network for Greening the Financial System (NGFS) has launched a blended finance initiative at the UN COP27 climate summit,...

Bond round-up: CADES, KfW, CaixaBank, Boston Properties, IFC, State Street ... and more

COP27: Significant gaps in sovereign ESG data, finds expert alliance

Significant data gaps in areas required to assess sovereign performance on sustainability have been highlighted that should be addressed with urgency, in a report by a group of major data providers.

COP27: Regulators weigh-in on carbon markets

A group representing global financial regulators has made recommendations to improve the integrity of the carbon markets, pointing out that they have "so far fallen short of their [environmental] objectives".

COP27: Net-Zero Banking Alliance calls for banks to plug gaps in targets

The UN-convened Net-Zero Banking Alliance (NZBA) has called for accelerated action by its bank members after its first progress report revealed gaps in target-setting in key areas.

COP27: ISSB signs partnership framework with 20 organisations

Interoperability framework with EFRAG still in the woodwork, while CDP integrates IFRS S2

Canada considers sovereign transition, social bonds

Canada is considering expanding its sustainable bond framework to include the possibility of issuing a ground-breaking sovereign transition bond or social bond alongside its existing green bond programme.

COP27: Impact reporting 'almost non-existent in the financial sector'

Just 20% of financial institutions publicly acknowledge their impact on people and planet, painting a "dismal picture" for social progress, according to the World Benchmarking Alliance (WBA).

Credit-focused harmonised ESG reporting tool launched

A harmonised environmental, social and governance (ESG) reporting tool for the private credit market has been launched which is intended to give private creditors a "bigger voice" during the investment process by improving data availability.

COP27: UN expert group tries to draw 'red line' around 'toxic' net-zero pledges

A UN-appointed expert group has published recommendations for net zero pledges to reduce the risk of 'greenwashing', with proposed measures including the "phasing out" of fossil fuels.