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Webinar: COP29 a missed opportunity to support private sector transition planning
22 November 2024A lack of progress on negotiations at COP29 is undermining hopes that countries could support the creation of an international framework that would support private sector transition planning, a webinar hosted by the IFC and Environmental Finance heard.
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EU supervisors estimate trillions in losses from 'run on brown' assets
19 November 2024European financial institutions stood to lose trillions of euros from a 'run on brown' assets, financial supervisors estimated in a first-of-its-kind stress test - but the financial impacts of climate-related "transition risks alone are unlikely to threaten financial stability".
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IOSCO encourages regulators to clarify issuers' liability for transition plans
14 November 2024Standard setters and regulators have been "encourage[d]" to provide "markers on what would constitute forward-looking information" to show preparers of transition plans the extent of information they can provide without expecting to be sued.
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EFRAG guide 'a good start' but EU needs transition plan committee, report says
08 November 2024Draft guidance to help organisations create climate transition plans in line with EU disclosure rules is "a good start" but the European Commission must address inconsistencies between several EU regulations, according to E3G.
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Eiopa recommends additional capital requirements for insurers' fossil fuel assets
07 November 2024The European Insurance and Occupational Pension Authority (Eiopa) has recommended higher capital requirements for European insurers holding fossil fuel assets.
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Transition plan guidance published for EU disclosure rules
05 November 2024Draft guidance has been published to help organisations preparing to report in line with EU disclosure regulations create climate mitigation transition plans.
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BHP climate transition plan gains shareholders' approval
31 October 2024Mining giant BHP has won shareholder backing for its Climate transition action plan (CTAP), despite opposition from the world's largest sovereign wealth fund.
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NZAOA members warn their progress on decarbonisation at risk from policy inaction
30 October 2024Insurers and pension fund members of the Net Zero Asset Owner Alliance (NZAOA) have warned their progress on decarbonising their portfolios could be about to slow because the wider global economy is not showing signs of matching their efforts.
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Webinar: Vague definition of greenwashing deters 'transition' finance
29 October 2024The growth of 'transition' finance is being held back by fears among debt issuers of being accused of greenwashing - a situation exacerbated by national regulators failing to clearly define what constituted greenwashing, a webinar hosted by Environmental Finance heard.
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G20 finance ministers and central bankers endorse transition plan work
25 October 2024The G20 Finance Ministers and Central Bank Governors have endorsed recommendations on improving the credibility of private sector transition plans including with high-level principles on what makes a good plan, in a communiqué following meetings this week.