News

COP27 needs to deliver on transition finance, says UOB

COP27 needs to 'lean into' the concept of transition finance to help deliver net zero, especially in developing markets, UOB has told Environmental Finance.

SGX developing sustainable bond listing initiative

The Singapore Exchange (SGX) has exclusively announced at an Environmental Finance event that it plans to launch a sustainable bond initiative to provide "added assurance" for investors around reporting and greater visibility for issuers.

Look past ESG scores to hedge climate risks, Fed study says

A sample investment portfolio of stocks with low carbon intensity proved a better hedge against an unexpected climate shock than one constituted of firms with a relatively good environmental score, according to a study by the US Federal Reserve.

Verra plans biodiversity credit standard in late 2023

Verra plans to release a standard to enable the independent certification of biodiversity credits in late 2023, an executive at the standard-setter has said.

ESG will increasingly influence insurers' risk management strategies

Lack of standardisation, regulatory pressure and greater physical risks all pose challenges, says Fitch

TNFD publishes pilot nature scenario 'narratives'

The Taskforce on Nature-related Financial Disclosures (TNFD) has published nature scenarios it said market participants can begin using to plot progress along four potential futures.

People Moves 4 November: Standard Chartered, AIGCC, IFRS, Schroders, Big Society Capital ... and more

TCFD for social issues being developed by business group

An equivalent disclosure framework for social issues based on the Task Force on Climate-related Financial Disclosures (TCFD) is being developed to help companies and investors, Environmental Finance can reveal.

Temasek to prioritise sustainable aviation

Temasek will focus on decarbonising its aviation investments, as air travel emissions are only caused by "the wealthier of the world's population".

Zurich commits to 5% of portfolio in impact investing by 2025

Zurich Insurance has pledged to increase its impact investment from 3% of its portfolio to 5% over the next three years, a sister publication of Environmental Finance has learnt.