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Deliberations on CSRD delay set to go to European Parliament
02 March 2022The introduction of sustainability reporting requirements for corporates is set to be delayed until 2024, under a proposal agreed by EU member states.
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MSCI downgrades Russia's sustainability rating
01 March 2022MSCI ESG has downgraded its sustainability rating of Russia after the country's invasion of Ukraine, while All Street Sevva said investors should completely avoid providing capital to the nation.
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EU Platform social taxonomy overhaul tackles practical difficulties
28 February 2022A final report on an EU taxonomy of social factors has been published that seeks to establish a common structure with the existing environmental taxonomy by reining in initial proposals deemed too costly and complicated.
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Emerging markets investors 'set to benefit' from G7 risk mitigation work
25 February 2022Work by rich nations to implement new risk off-take strategies could be set to benefit investors searching for yield in emerging market climate-themed investments, Environmental Finance's ESG in Fixed Income event heard.
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EU Commission 'discussing' omission of nuclear and gas from GBS
23 February 2022European Commissioners have discussed the potential exclusion of nuclear and gas activities from the proposed EU Green Bond Standard, according to a prominent Member of the European Parliament (MEP).
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ECB's Elderson: We aren't calling for fossil fuel divestment
22 February 2022Banks should not view the European Central Bank (ECB)'s calls for improved management of climate risk as an entreaty to make a blanket divestment from the most heavily polluting assets, a top executive at the central bank said.
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BIS warns against lower capital requirements for green assets
18 February 2022Regulators have been warned against lowering capital requirements for 'green' assets, which would be counterproductive and could even lead to a "green bubble", in a note from the Bank for International Settlements (BIS).
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'New risks' for banks brought by climate in EU prudential disclosures
18 February 2022The requirement for large EU banks to disclose more information on the climate risks they face means they are likely to be exposed to new financial risks that could directly impact banks' credit quality, according to a credit rating agency.
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CDPQ, Mirova in €200m hydrogen funding round
17 February 2022Canadian pension fund CDPQ and France's Mirova are among the investors in a €200 million ($230 million) funding round for hydrogen energy production project developer Hy2gen, in a deal billed as the largest single private investment in hydrogen to date.
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Industry groups warn of 'damaging' ETS intervention from lawmakers
16 February 2022A group of 10 industry bodies has warned that the European Commission may be considering "damaging interventions" in the EU's carbon market, including introducing position limits or restricting trading by financial institutions.