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COP15 text is foundation for private sector work on metrics, LGIM says

The agreement by countries at COP15 to protect 30% of land and sea biodiversity by 2030 is likely to leave private sector initiatives to do much of the heavy lifting in areas such as devising nature-related metrics and targets, a large asset manager has said.

ISSB votes in favour of 'relief package' for Scope 3 disclosures

The International Sustainability Standards Board (ISSB) has voted in favour of a package of relief provisions for Scope 3 greenhouse gas (GHG) emissions disclosures as well as introducing a framework for Scope 3 measurement in IFRS S2 climate-related disclosures at its meeting in Montreal this week.

People Moves 16 December: EFRAG, Chronos and Tikehau

M&G commits £200m to impact funds

COP15: ISSB signals intent to ramp up work on nature

The body developing international sustainability reporting standards has said it intends to ramp up efforts to include nature after it completes its work on climate, as it told attendees at the COP15 biodiversity conference that company value creation is inextricably linked to nature.

COP27 agrees loss and damages fund, and need to 'transform' financial system

The COP27 talks have ended with a ground-breaking agreement to set up 'loss and damages' fund, but failed to make the strong progress in tackling emissions that many had hoped for.

Regulators' climate scenario analyses could be understating risks, warns FSB

The climate scenario analyses carried out by financial authorities may underestimate exposures and vulnerabilities, as they are not capturing the second-order impacts associated with climate change, the Financial Stability Board (FSB) has said.

Credit-focused harmonised ESG reporting tool launched

A harmonised environmental, social and governance (ESG) reporting tool for the private credit market has been launched which is intended to give private creditors a "bigger voice" during the investment process by improving data availability.

COP27: ISSB hails 'milestone' CDP, NZDPU tie-ups

The International Sustainability Standards Board (ISSB) hailed "key milestone" agreements with the CDP and Net Zero Data Public Utility (NZDPU) it said will boost implementation of its standards.

ISSB to require climate-related scenario analysis