News Round Up: JP Morgan, Morgan Stanley, US Department of Labor, and more

Heavy industries must speed up to get on track with emissions targets, says WBA

Heavy industries need to triple carbon emission intensity reduction over the next five years to align with the 1.5o trajectory, data from the World Benchmarking Alliance (WBA) has found.

S&P Global dataset reveals climate hazard exposure for US munis

ICMA, IsDB publish 'milestone' sustainable sukuk guidance

The International Capital Market Association (ICMA), Islamic Development Bank (IsDB) and London Stock Exchange Group (LSEG) have published guidance on issuing sukuk aligned with the widely used Green and Social Bond Principles.

SEC climate rule built to survive legal challenges, says former counsel

The US Securities and Exchange Commission (SEC)'s final climate rule was built to withstand legal challenges that seek to block it, and stands a good chance of doing so, according to a former senior counsel at the agency.

Climate Asset Management acquires farmland in Spain and Portugal