TCFD recommendations will boost voluntary carbon market, Baker McKenzie says

Mark Carney and other influential figures said carbon credits are essential to combat climate change - but they discussed the need to bring integrity to the much-criticised market.

The Taskforce on Nature-related Financial Disclosures (TNFD) has opened a consultation on the 'advanced' version of its nature scenarios guidance.

Financial institutions under-reporting their sustainability credentials to evade investor scrutiny or regulatory requirements may be punished under existing regulations, according to a report by the board of the International Organisation of Securities Commissions (IOSCO).

The Net Zero Banking Alliance (NZBA) has seen its membership triple to 136 since it launched in 2021, with 90% of those required to set their initial targets already having done so ahead of a key targets deadline next year.