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ESMA fund guidelines may be headwind for sustainable bonds, says Abrdn
21 May 2024The recently published sustainable fund naming guidelines published by the European Securities and Markets Authority (ESMA) could dampen demand for labelled sustainable bonds, according to Abrdn.
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Carbon pricing revenues exceeded $100bn in 2023, says World Bank
21 May 2024Revenues from carbon pricing exceeded $100 billion in 2023, the World Bank has found, but it warned policymakers are not moving fast enough to put a price on carbon.
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CSRD will see 'explosion' of quality ESG data, says AllianzGI
21 May 2024The first round of reports in line with the EU's Corporate Sustainability Reporting Directive (CSRD) will see an "explosion" of quality sustainability-related data that will help asset managers prove to clients the value of sustainable investing, according to AllianzGI.
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Investors 'need direction from policymakers' on transition
21 May 2024Policymakers have been urged to provide clear transition pathways and identify a "most likely scenario" to help investors develop their own transition plans.
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More than 40% of ESG funds would breach ESMA naming rules, ClarityAI says
21 May 2024More than 40% of funds using environmental and impact terms are invested in assets that breach exclusionary criteria in new EU fund name rules, potentially requiring managers to change their fund's name or divest assets, ClarityAI has said.
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ETF Partners to back 'green' digital sustainable businesses via €285m fund
21 May 2024Environmental technology-focused venture capital impact investment firm ETF Partners has closed its fourth fund at €285 million ($310 million), exceeding its €250 million target.
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Gresham House urges UK government to "provide reassurance" on biodiversity net gain
20 May 2024Gresham House has called on the UK government to provide further reassurance on the implementation of the Biodiversity Net Gain legislation, to help scale up private-sector involvement.
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Sustainable bond market hits $5trn of issuance
20 May 2024Cumulative issuance of sustainable bonds has now crossed the $5 trillion mark, boosted by strong support from sovereign issuers.
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Emissions disclosure gaps key sign of untrustworthy transition plan, says PGIM
20 May 2024"A lot of" companies still fail to disclose their Scope 1 and 2 greenhouse gas (GHG) emissions despite having set targets to reach 'net zero' - a red flag that their transition plans may be unreliable, according to a major asset manager.
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'Investors should require environmental profit and loss statement'
20 May 2024Investors should require their portfolio companies to provide an environmental profit and loss statement to help better articulate the "hidden cost" of nature, Paula DiPerna has told Environmental Finance.
- Working group to develop ESG ratings, data products code of conduct for Hong Kong
- What the ECtHR climate ruling means for businesses and investors
- Three key trends driving the global green transition
- Capital markets union essential for EU's climate transition, says head of French central bank
- ESMA name rules important step in unlocking transition finance, says BNPP AM
- Gresham House urges UK government to "provide reassurance" on biodiversity net gain
- Sustainable bond market hits $5trn of issuance
- UK public spending watchdog highlights risk of biodiversity net gain scheme
- Transition plan credibility test should be core to green bond investments, says PGIM
- 'Investors should require environmental profit and loss statement'