News Round Up: HSBC financing criticised, GE net-zero pledge, TPI growth surge

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

EFRAG calls for help in devising ESRS guidance on transition plans

Global guidance on transition plans would be welcome, NGFS says