News

• Cities need gear change in net zero finance, says consulting group

  11 October 2022

  Existing financial instruments will be far from enough for European cities to reach net zero and new models must be devised that combine private and public finance, a financial consultant has told Environmental Finance.

• UK taxonomy could need another year to finish, says UKSIF

  11 October 2022

  The UK Treasury could need to delay the publication of its green taxonomy by between six months and 12 months, according to the UK Sustainable Investment Forum (UKSIF).

• Credit-focused harmonised ESG reporting tool launch imminent

  10 October 2022

  The launch of a harmonised environmental, social and governance (ESG) reporting tool for the credit market being developed by the UN Principles for Responsible Investment (PRI) and two trade associations is expected in the next few weeks.

• Loss and damage row 'could derail COP27'

  10 October 2022

  The loss and damage debate has the potential to derail COP27 negotiations, given worsening geopolitical tensions and attempts to pass the burden on to the private sector, Jefferies has warned.

• Verra slams ICVCM's 'unworkable' Core Carbon Principles

  10 October 2022

  A draft set of governing principles could cause a "rebellion" in the voluntary carbon market (VCM) if ratified, warned Verra - the world's largest verifier of voluntary carbon credits.

• Carney: Net Zero Data Public Utility 'essential' to accountability

  10 October 2022

  The development of free platform Net Zero Data Public Utility will be "essential" for developing the accountability and transparency of financial institutions, Mark Carney has said.

• GIIN to host 'impact principles'

  10 October 2022

  The Global Impact Investing Network (GIIN) will take over as host of the Secretariat for the Operating Principles for Impact Management (the Impact Principles), from the International Finance Corporation (IFC).

• Assurance key to development of climate reporting, says FCA

  10 October 2022

  Developing a framework for assurance of company disclosures will be important to the next stage of the UK's climate reporting regime, according to a senior regulator.

• UK regulators point to rising expectations for company TCFD reports

  10 October 2022

  The regulators overseeing climate-related disclosure rules for UK-listed companies say they are likely to step up enforcement, as they look to address issues they identified in the latest reporting cycle.

• Inconsistent ESG ratings 'failing to measure impact'

  10 October 2022

  Inconsistent ESG ratings "do not necessarily measure" a company's impact on society and the planet, which is making it difficult for investors to make informed investment decisions, a report has said.