Figueres steps down as UN's climate chief

Most businesses will not comply with CSDDD even by 2030, survey predicts

EU and UK business leaders say they expect at least half of their supply chains will not be compliant with the proposed EU Corporate Sustainability Due Diligence Directive (CSDDD) in the next two years, and most businesses will not fully comply by 2030.

TotalEnergies pauses SLB plans amid weak market development

French oil supermajor TotalEnergies told Environmental Finance it has paused plans made in 2021 to only issue new sustainability-linked bonds (SLBs) after the market for the performance-based instrument did not "develop as anticipated" - especially in the US.

160 financial institutions call for international plastic treaty

Banks, investors and insurers representing $15.5 trillion in combined assets have signed a Financial Statement on Plastic Pollution, calling for a new international treaty to tackle the issue.

'Huge opportunity' for private transition credit growth, says HSBC

There is a "huge opportunity" for private credit markets to provide transition finance, in particular direct lending through sustainability-linked loans (SLLs), said HSBC Asset Management (HSBC AM).

IOSCO to study risks from new green financial products