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BNP Paribas: Brazil hosting COP30 to mark climate policy shift
13 June 2023Brazil's recent appointment as host of COP30 will mark a new era of climate policy led by the 'global south', while highlighting the country's capacity for leading the transition to a more nature-positive world, an executive at BNP Paribas said.
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AllianzGI calls on MDBs to step up on first loss capital
13 June 2023Multilateral development banks (MDBs) need to step-up the provision of first-loss capital in emerging markets, in order to crowd-in institutional investors, Allianz Global Investors has told Environmental Finance.
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TNFD responds to greenwashing criticism from NGOs
13 June 2023The Taskforce on Nature-related Financial Disclosures (TNFD) has responded to claims from community groups its draft framework will facilitate "greenwashing".
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Aegon defends ESRS materiality assessments
13 June 2023Aegon has defended the proposed introduction of a requirement for companies to assess for themselves which sustainability-related information they must disclose under EU rules.
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ISS ESG announces environmental, social QualityScore update
12 June 2023ISS ESG has announced it is updating the methodology for its environmental and social corporate disclosure 'QualityScore' used by institutional investors, which will see more than 260 factors refined, added or removed.
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Germany mandates new 30-year green bond
12 June 2023Germany is preparing to issue a new 30-year green bond after mandating six banks to lead the transaction.
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EU draft disclosure rules risk undermining SFDR, investor group warns
12 June 2023An investor group has criticised the perceived weakening of draft European Sustainability Reporting Standards (ESRS) published by the European Commission, which the group warned would undermine investors' ability to meet their own reporting obligations.
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TNFD pilot leads to calls for 'more guidance' on stress testing
12 June 2023More guidance is needed on stress testing, financial institutions who took part in a pilot of the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations found.
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Guy Carpenter launches new investment structure for climate change insurance
12 June 2023Guy Carpenter and an academic from Queen Mary University of London have outlined a re/insurance structure, partly backed by private investors, "to facilitate improved financial resilience and loss prevention for climate change-related weather risks".
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Foresight launches sustainability reporting platform
12 June 2023