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Net Zero Investment Framework reduces focus on financed emissions, warning of 'perverse outcomes'
25 June 2024The second version of the widely used Net Zero Investment Framework investor transition planning guide has been published, with a reduced focus on encouraging the reduction of emissions linked to financing.
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ICMA, LMA release 'sustainability-linked loan bond' guidance
25 June 2024Two debt industry bodies have jointly published guidance for the issuance of bonds dedicated to financing sustainability-linked loans (SLLs) in order to develop a new sustainable finance product and support the credibility of the performance-based lending instrument.
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Alcazar invests $500m into North Macedonia wind farm
25 June 2024 -
Decarbonization Partners leads $69m funding round in carbon removal business
25 June 2024 -
Disclosure data checklist among ICMA SLB Principles updates
25 June 2024The International Capital Market Association (ICMA) has published an updated version of the Sustainability-Linked Bond Principles (SLBP) which includes a new disclosure data checklist intended to "harmonise" and strengthen disclosures for the performance-based instrument.
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T Rowe Price elected to Principles ExCom
25 June 2024T Rowe Price has been elected to the executive committee (ExCom) of the Principles, which are widely used as best practice guidelines for the sustainable bond market.
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ICMA publishes innovative 'green enabler' sustainable bond guidance
25 June 2024The International Capital Market Association (ICMA) has published "ground-breaking" guidance for financing 'green enabling' projects in sustainable bonds amid issuer caution in using these critical transition projects in green finance instruments.
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EU urged to use Biodiversity Net Gain as blueprint for Nature Restoration Law
24 June 2024Natural capital investor Gresham House has urged EU countries to use England's Biodiversity Net Gain legislation as a blueprint for implementing its recently approved Nature Restoration Law.
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WBCSD publishes avoided emissions guidance
24 June 2024The World Business Council for Sustainable Development (WBCSD) has urged investors not to use avoided emissions to claim carbon neutrality, in its recently published "first guidance" for private markets on avoided emissions calculation and reporting standards.
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Apple, Amazon and EasyJet targeted on water data
24 June 2024A group of over 100 global financial institutions has targeted 1,029 high water use companies to disclose their water related impacts and risks to CDP, the non-profit environmental disclosure platform.