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Standard Chartered guide to address adaptation and resilience finance shortfall
11 April 2024Standard Chartered Bank has launched a guide to align sector-wide efforts solve the adaptation and resilience finance shortfall.
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SBTi warms to offsets, in massive move for voluntary carbon market
10 April 2024The Science-Based Targets initiative (SBTi) has said it will take a more accommodative stance towards carbon credits, in a move one observer described as a "massive" moment for the voluntary carbon market.
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IFC backs BNPP Poland with $548m sustainable significant risk transfer
10 April 2024BNP Paribas Bank Polska (BNPP Poland) has agreed a $548 million synthetic significant risk transfer transaction (SRT) with the International Finance Corporation (IFC) which will help it to issue sustainable loans.
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Church of England to back climate disclosure shareholder proposals for US banks
09 April 2024The Church of England Pensions Board will vote in favour of measures that could force several US banks, including Bank of America, Goldman Sachs and Morgan Stanley, to disclose the level of their fossil fuel financing relative to that for clean energy.
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SSBJ issues draft sustainability disclosure standards
09 April 2024The Sustainability Standards Board of Japan (SSBJ) has issued three exposure draft disclosure standards it said are aligned with the International Sustainability Standards Board (ISSB) IFRS standards.
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Sarasin urges precautionary approach for Basel climate disclosure requirements
09 April 2024Sarasin & Partners has urged the Basel Committee on Banking Supervision to require disclosure of the results of climate stress tests and of how climate-related risks translate into risks to capital adequacy.
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More action needed on companies' plastic data, says CDP
09 April 2024Major gaps in corporate plastic data highlight the need for mandatory plastic-related disclosure rules, according to CDP, the not-for-profit group that runs the global environmental disclosure system.
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Many companies have no climate adaptation plans, says S&P
04 April 2024Just one-fifth of rated companies have a plan in place to adapt to climate change, and less than half of these plan on implementing their plans in the next decade, according to a report by S&P Global Ratings.