News

GFANZ drops requirement to align with UN Race to Zero campaign

The Glasgow Financial Alliance for Net Zero (GFANZ) has scrapped its requirement for members to align with a campaign requiring a fossil fuel phase-out.

ICMA principles could be adapted for 'sustainable repos'

The International Capital Market Association (ICMA) said that its existing sustainable bond principles and guidance could be "adapted for use in sustainable repos" in the future.

People Moves 28 October: Japan FSA, NGFS, Alpha Real Capital ... and more

Include stress tests, transition plans in capital rules, says central banker

The governor of the Banque de France has recommended including climate-related stress tests and transition plans in the Basel framework for banking supervision.

Loan round-up: Trafigura, Greif, GlobalConnect, Fibra Uno, TenneT ... and more

Financial institutions demand mandatory biodiversity disclosures at COP15

An alliance of financial institutions and businesses with over $1.5 trillion in revenue has asked governments to make biodiversity disclosures mandatory by 2030 at the COP15 conference.

Australian regulator issues first greenwashing fine

The Australian Securities and Investments Commission (ASIC) has issued its first 'greenwashing' fine, to energy company Tlou Energy.

Fitch forecasts rise of 'natural disaster clause' bonds

Bond round-up: Uruguay, Banobras, TenneT, Südzucker, Chile... and more

Investors need to rethink profit to overcome financing gap, says COP leader

Investors need to rethink their approach to making profit by more explicitly incorporating the assessment of positive climate impact in approaches to valuation, a leader in the Egyptian COP presidency has said.