Archive

How tech can help transform the voluntary carbon market

New technology can spread out the benefits of carbon markets to all, says Dirk Forrister

EG Capital invests in Africa impact fund

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.

ABP sets target to invest €30bn in energy transition

Dutch pension fund ABP has set a target to invest €30 billion ($32 billion) in the climate transition, as it bids to reduce its carbon footprint across its entire global investment portfolio by 50% by 2030, compared to 2019 levels.

People Moves 16 December: EFRAG, Chronos and Tikehau

Swiss propose sustainability labelling rules

The Swiss government has proposed rules to prevent financial greenwashing, including that reducing ESG risks alone will be insufficient to label a product or service as 'sustainable'.

Japan publishes ground-breaking ESG data, ratings 'code of conduct'

The Japan Financial Services Agency (FSA) has published the first voluntary 'code of conduct' in the world for environmental, social and governance (ESG) data and evaluation providers...

Regulators consider capital for climate risk

Insurance regulators are keen to ensure their prudential frameworks properly incorporate climate risk. But whether this should be reflected in capital requirements is proving a difficult question to answer, as Christopher Cundy reports

Basel climate guidance could trigger more conservative capital ratios, central banker says

Climate guidance provided by the Basel Committee on Banking Supervision (BCBS) is "good news" for climate analysis and data collection, and could result in more conservative capital ratios for banks, according to a central banker.

COP15: Germany grants €29m to TNFD

Montreal: The German government announced €29 million ($31 million) of support for the Taskforce on Nature-related Financial Disclosures (TNFD) at COP15, to support development and adoption of nature-related disclosures.