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Emerging market sovereigns need support with sustainable bonds, says Moody's
14 November 2022Sovereign sustainable bond issuances will help emerging markets fill the just transition financing gap, but multilateral development banks will have to support these as fiscal constraints worsen, Moody's has said.
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Pension funds urged to target at-risk emerging markets to support a 'just transition'
14 November 2022The Church of England Pensions Board has urged pension funds to take a more nuanced approach to investing in emerging markets to support a socially just climate transition, including by prioritising countries which are most at risk from physical climate impacts.
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Corporate Sustainability Reporting Directive approved by European Parliament
10 November 2022The European Parliament has approved the Corporate Sustainability Reporting Directive (CSRD), which will make sustainability reporting mandatory for large firms in the EU.
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APAC investors embracing active ownership, says Schroders
10 November 2022The Asia Pacific region is leading the adoption of active ownership, as more asset owners look to drive outcomes from their investment, Schroders has told Environmental Finance.
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Abrdn calls on investors to target 'critically underfunded' climate adaptation
10 November 2022Abrdn has called on investors to scale up climate adaptation investment to tackle the 'adaptation financing gap'.
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COP27: UK's guidance on gold standard transition plans 'to have global significance'
08 November 2022Proposed guidance for producing 'gold standard' transition plans has been described by EY as "an extremely important step in the right direction towards driving the UK towards a net zero future".
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COP27 needs to deliver on transition finance, says UOB
07 November 2022COP27 needs to 'lean into' the concept of transition finance to help deliver net zero, especially in developing markets, UOB has told Environmental Finance.
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Developing markets need voluntary carbon market expansion, says Schroders
01 November 2022The development of the global voluntary carbon market will be vital in supporting emerging market decarbonisation-...
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UOB to join Net Zero Banking Alliance
31 October 2022United Overseas Bank (UOB) has applied to join the Net Zero Banking Alliance (NZBA) - at a time when several large US banks are reportedly considering walking out on the initiative.
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UOB sets 2050 net zero target, rules out new oil and gas financing
31 October 2022United Overseas Bank (UOB) has announced a 2050 net zero target across its lending portfolio, and has also become the first bank in Asia to rule out new financing for upstream oil and gas projects.