Archive

SMBC enhances climate-risk framework

Sumitomo Mitsui Banking Corporation has developed a new climate-risk framework and announced it will review each customer's transition risk response by this summer.

IIGCC unveils TCFD-style guidance to boost private equity climate action

Guidance for private equity investors on how to measure progress towards achieving 'net zero' greenhouse gas emissions has been published.

OCBC sets targets for high-emitters

OCBC has set decarbonisation targets for its six most emissions-intensive sectors, as part of its aim to reach net zero financed emissions by 2050.

MSCI bemoans 'fuzzy' corporate transition plans

Only 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.

G7 rowback raises fears for ISSB adoption

Concerns 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.

IFC: We need more bankable projects

Climate 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

Expect further PABs upheaval following EU's SFDR answers, says Morningstar

Recent 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.

We cannot ignore nature, warns German central bank

The profitability of banks will be put at risk if they continue to ignore nature-related risks, Deutsche Bundesbank's Sabine Mauderer warned,...

FTSE Russell launches UK ESG index

EU taxonomy criticised for leaving out farming

The EU taxonomy of sustainable activities has been criticised for its continued failure to cover the agriculture sector in proposals to broaden its scope.