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Commission risks undermining taxonomy regulation, warns EU Platform
24 January 2022European Commission proposals that would allow some nuclear and natural gas to be labelled as sustainable risk undermining fundamental precepts of the EU taxonomy regulation and should be reworked into an entirely new framework, an expert group appointed by the EU has warned.
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'Impact investment bank' enters administration
21 January 2022Impact 'investment bank' ClearlySo Limited has filed for voluntary liquidation, filings with the UK government show.
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UN impact standards gather momentum
21 January 2022Standards and an external assurance framework for identifying contributions to the UN's Sustainable Development Goals (SDGs) are set to take a leap forward this year, with the roll out of investor pilots of the framework, Environmental Finance has been told.
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Vanguard pledges to bring cost savings to impact market
20 January 2022US asset management giant Vanguard is to enter the impact fund market by rebranding an existing fund, in a move it said would bring cost benefits to investors.
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Exxon's net zero goal 'underwhelming, but sign of change'
20 January 2022ExxonMobil's newly-minted net zero 'ambition' will underwhelm many investors - but could be a sign that new board members are bringing positive change, according to commentators.
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Exxon's 'ambition' for net zero operational emissions
19 January 2022ExxonMobil has set an 'ambition' to reach net zero greenhouse gas (GHG) emissions from its own operations by 2050, months after a climate-themed investor revolt - but stopped short of setting plans to reduce emissions from use of its products.
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More data needed on ABS climate risk, says Banque de France
19 January 2022Data gaps mean it is not currently possible to measure the climate impact of asset-backed securities (ABS) used as collateral in the European Central Bank (ECB) asset purchase scheme, according to research by France's central bank.
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Real estate decarbonisation standard under construction
18 January 2022A global standard for the real estate sector to set 'science-based' targets that help restrict global temperature rise to 1.5°C is set for release in April, it has been revealed.
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Canada climate scenarios warn of potential for 'sudden and large' losses
17 January 2022The potential for "sudden and large" losses due to climate change may mean financial institutions in Canada are required to hold extra capital in reserve...
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North American banks form climate risk group
14 January 2022A group of 19 US and Canadian banks has formally agreed to collaborate on approaches to managing climate risk, as regulators across the continent ready new rules.