Archive

Verra suspends account following Brazil greenwashing investigation

Verra has taken the "extraordinary action" of temporarily suspending an account as Brazil's Operation Greenwashing alleged a criminal organisation was suspected of selling BRL180 million ($33.6 million) in carbon credits.

Biodiversity and carbon credits "poised for massive expansion"

The biodiversity and carbon credit markets are "poised for massive expansion", but more needs to be done to connect the two mechanisms and utilise their co-benefits, the UN Environment Programme Finance Initiative (UNEP FI) has said.

EU elections show need for better climate policymaking, fund manager says

The success of far-right political parties in elections for the European Parliament shows the need for policymakers to craft more practical and less complex climate policies, one fund manager has said.

LeapFrog leads $65m financing for Indian EV battery business

Blue Earth backs Indian farmer's financial platform

Candriam looking to expand outside of "traditional" water investments

Candriam has told Environmental Finance it plans to invest outside of "traditional" water sectors to meet the growing number of challenges posed by the water crisis, and how it plans to leverage artificial intelligence to "differentiate" from its peers

Issuers must be encouraged to kick-start blue bond market, says Fidelity

Fidelity International (FIL) said "obvious" marine and water-focused issuers must be encouraged by investors to enter the blue bond market to energise the market, adding that 'blue' projects exist but are not grouped together enough.

General Atlantic's BeyondNetZero acquires significant stake in SDCL

Private equity giant General Atlantic has acquired a 24.9% shareholding in Sustainable Development Capital (SDCL), having invested an undisclosed sum from its climate growth fund, BeyondNetZero.

UBS: We need NDCs for nature

The next biodiversity COP needs to deliver progress on how countries plan to achieve the landmark '30-by-30' targets agreed at the previous meeting in Montreal, to incentive investment, UBS has said.

Companies' slow progress on assurance shows size of regulatory challenge, KPMG says

The "limited uplift" in companies' readiness to meet regulatory requirements to gain independent assurance of sustainability disclosures demonstrates the scale of the challenge they face to upskill and implement the required processes, KPMG has said.