Genevieve Redgrave

COP28: 18 countries join pledge to scale nature finance

18 countries have signed a high-level declaration to protect and preserve nature, which includes scaling up private finance into nature-related approaches and improving nature reporting interoperability.

COP28: Amundi launches European agriculture fund

TNFD and IBAT provide open-access biodiversity map

TNFD introduces initial footprinting guidance for FIs

The Taskforce on Nature-related Financial Disclosures (TNFD) has proposed guidance for how to report for eight sectors, and preliminary guidance on biodiversity footprinting for financial institutions.

Aviva invests $6.2m in Canadian afforestation project

MAS launches ESG rating code of conduct

The Monetary Authority of Singapore (MAS) has published a code of conduct for ESG rating and data providers, in a bid to improve transparency and comparability between methodologies and products.

Brazilian indigenous protection rowback a 'fiduciary risk for investors', says BlueBay

Potential legislation deemed "anti-indigenous" in Brazil is a "fiduciary risk for investors" and a concern for Brazil's economic and sustainable prosperity, BlueBay Asset Management told Environmental Finance.

Australia passes legislation to create biodiversity credit market

Australia has formally passed legislation to protect and restore nature and developed a 'first-of-its-kind' biodiversity credit market, but last-minute concessions means offsets will be outlawed.

'Compensatory' biodiversity credits likely to see growth, report says

Voluntary biodiversity credits, which would 'compensate' but not offset negative impact, are likely to be a key area of demand as shareholder pressure rises, a report has predicted.

More first-loss capital needed in emerging markets nature projects, says AIIB

More first loss capital is needed is needed to attract private investors to nature-related projects, especially in emerging markets, the Asian Infrastructure Investment Bank (AIIB) has said.