UK seeds impact investment bank with £600m

Management-level oversight required for use of AI to sort sustainability data, ESMA says

VCM down 61% in 2023 as controversy remains

The volume and value of transactions in the voluntary carbon market was down by 61% in 2023 compared with the year before, reports Ecosystem Marketplace, as questions over its integrity were raised.

People Moves, 31 May: Abrdn, South Pole, IOSCO, Climate Impact X ... and more

Sweden adopts CSRD

UNEP FI launches technical physical risk guidance for banks

The UN Environment Programme Finance Initiative (UNEP FI) has launched technical guidance for banks on managing physical climate risks within their loan portfolios.