Archive

First 'transition credits' planned to shut down coal station in Philippines

A ground-breaking deal plans to use 'transition credits' to help fund the early retirement of a coal-fired power plant in the Philippines and replace it with a solar and battery plant.

Judge blocks US rule that sought to limit ESG investing

ICMA sustainable commercial paper guidance expected in 2024

The International Capital Market Association (ICMA) is expecting to publish long-awaited guidance on issuing sustainable commercial paper (CP) by the end of 2024 as interest in the instrument grows.

People Moves, 16 August: Morningstar, World Resources Institute ... and more

Putting transition plans to the test: Sustainable Fitch

Investors face a tough task scrutinising corporate transition plans - but an increasing number of tools promise to help. In the third article in a series, Michael Hurley examines Fitch's Transition Assessment

UK businesses could face risk of carbon credit failure, Gallagher finds

IIGCC looks to phase two of physical risk assessment after implementation success

Costa Rican sustainable finance taxonomy launched

The major financial regulators of Costa Rica have vowed to "promote and integrate" the national sustainable finance taxonomy into their activities after the Latin American country published the landmark 'green' list.

More standardisation needed for bank transition plans, says Sustainable Finance Lab

ECB's approach fails to recognise credit risk of transitioning too fast, says US banks group

The European Central Bank (ECB)'s approach to push banks to reduce their credit risk by decarbonising is flawed, as it oversimplifies the link between emissions and default risk and fails to recognise the risk of "transitioning too fast", a US banking group has claimed.