News

ISSB readies draft standards for March release

The International Sustainability Standards Board (ISSB) is set to publish a draft of its "game changing" standards for climate reporting later this month.

PIRC warn of 'socialwashing' from corporate workforce surveys

Proxy adviser PIRC has warned that the reporting of "deceptive" employee engagement scores by large European companies amounts to 'socialwashing'.

Japanese financial institutions at risk from floods

Increasing floods may put financial institutions in Japan at risk of worsening financial conditions, the Bank of Japan has warned.

Microsoft among buyers of blue carbon credits from giant mangrove project

Microsoft and Trafigura are among the buyers of the first three million carbon credits to be generated by the world's largest mangrove restoration project.

Singapore low-carbon index launched

Singapore Exchange (SGX) and Oversea-Chinese Banking Corporation (OCBC) have launched a low carbon index tracking Singapore's largest companies, which they called the "first of its kind".

ECB slams banks' climate disclosures as 'white noise'

EU banks' climate risk disclosures are "a lot of white noise and no real substance," a leading executive at the European Central Bank (ECB) has said, as its latest analysis revealed no bank satisfies the ECB's basic rules.

EU's CBAM a credit risk to Asian industry

The EU's Carbon Border Adjustment Mechanism (CBAM) could cause credit risks for many Asian industries, Moody's Investors Service has warned.

People Moves 11 March: AXA, BNP Paribas, Actis & more...

TNFD 'beta' framework to be launched "next week"

The Taskforce on Nature-related Financial Disclosures (TNFD) said the first draft of its guidance framework will be released on 15 March.

EFRAG announces sustainability board

The European Financial Reporting Advisory Group (EFRAG) has appointed the members of its Sustainability Reporting Board.