Archive

People Moves, 5 January: European Investment Bank, EdenTree, Kartesia, WesterHayes

2024 outlook: Sand in the gears of sustainable finance policy

Looming elections and burgeoning disclosure regimes point to a slowdown in sustainable finance policymaking, but the spectre of fines for greenwashing is on the rise, Michael Hurley writes

EU publishes taxonomy reporting guidance following 'limited reporting'

India paves way for voluntary carbon market

India has paved the way for a domestic voluntary carbon market by introducing voluntary offsets as part of its upcoming compliance market.

Improved categorisation necessary to strengthen SFDR, EFAMA says

EU: Green bond issuance to 'gather pace' in 2024 after slow start

The EU expects to accelerate its green bond issuance in 2024 following revisions to member states' investment plans, after the massive green bond programme fell behind its targeted share of total borrowing by the bloc.

European FIs 'heavily exposed' to nature risks, warns Commission

European financial institutions are "heavily exposed" to nature-related risks, the European Commission's Joint Research Centre has found, warning this could have "dire consequences" for the financial system.

Regulators need to act on greenwashing because market is failing to punish it, ESMA reports

Companies criticised for overstating their sustainability credentials have not yet seen their share prices substantially negatively impacted - which strengthens the case for intervention by regulators, according to the European Securities and Markets Authority (ESMA).

Banks' disproportionate lending to high-emitting sectors poses stability risks, ECB warns

Eurozone banks lend "disproportionately" to high-emitting sectors and thereby risk financial instability, the European Central Bank (ECB) has warned, as it called for a tougher strategy to tackle such risks that could include increased capital requirements.

EBA proposes EU develops 'two-tier' green loan standard

The European Banking Authority (EBA) has proposed that the EU develops a voluntary EU Taxonomy-aligned EU green loan and mortgage standard similar to that for green bonds, but that a second non-taxonomy aligned tier should be allowed for a period of time.