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OCBC sets targets for high-emitters
16 May 2023OCBC has set decarbonisation targets for its six most emissions-intensive sectors, as part of its aim to reach net zero financed emissions by 2050.
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MSCI bemoans 'fuzzy' corporate transition plans
15 May 2023Only one-fifth of listed companies' decarbonisation targets are aligned with the 1.5°C goal of the Paris Agreement, MSCI said, as it criticised "fuzzy" disclosures lacking crucial information.
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G7 rowback raises fears for ISSB adoption
15 May 2023Concerns have been raised about how widely the International Sustainability Standards Board's (ISSB) forthcoming disclosure standards will be adopted, after G7 finance ministers appeared to scale back their commitment to using it as a global baseline.
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IFC: We need more bankable projects
15 May 2023Climate head Vivek Pathak tells Peter Cripps that the development finance institute is spending a record amount on climate-related activities, but still needs more projects
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Expect further PABs upheaval following EU's SFDR answers, says Morningstar
15 May 2023Recent clarification on how EU regulators should enforce the Sustainable Finance Disclosure Regulation (SFDR) is likely to see a further wave of fund reclassifications among users of Paris-aligned benchmarks (PABs), according to Morningstar.
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We cannot ignore nature, warns German central bank
15 May 2023The profitability of banks will be put at risk if they continue to ignore nature-related risks, Deutsche Bundesbank's Sabine Mauderer warned,...
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FTSE Russell launches UK ESG index
15 May 2023 -
EU taxonomy criticised for leaving out farming
15 May 2023The EU taxonomy of sustainable activities has been criticised for its continued failure to cover the agriculture sector in proposals to broaden its scope.
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Climate change does not pose serious risk to financial stability, says Fed governor
12 May 2023Climate change does not pose a serious risk to large banks or the financial stability of the US, a governor at the US Federal Reserve has said.
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'Next wave of GSSS bonds in Americas to come from hard-to-abate sectors'
12 May 2023The next wave of labelled bonds in the Americas will be from companies in hard-to-abate sectors, which have been underrepresented in the market so far, an underwriter has predicted.