News

EU countries reject move to weaken Deforestation Regulation

The European Council blocked a move by Members of European Parliament to weaken the EU Deforestation Regulation as they voted to confirm a one-year delay to the proposed rules.

Sustainable debt round-up: National Bank of Greece, California Community Choice, CTP ... and more

BNP Paribas targets $500m for developed markets forestry fund

BNP Paribas Asset Management has launched a sustainable forestry fund for developed markets, which could play a role in a potential move into the biodiversity credit market.

La Banque Postale invests in ESG data startup

Financial services group La Banque Postale has invested - via its venture capital fund, 115K - in a French ESG-focused fintech start-up.

Finance Earth plans for life after Federated Hermes following withdrawal from collabs

Finance Earth will continue fundraising for the UK Nature Accelerator despite the withdrawal of Federated Hermes from its collaborations, including the UK Nature Impact Fund and Big Nature Impact Fund.

EU supervisors estimate trillions in losses from 'run on brown' assets

European financial institutions stood to lose trillions of euros from a 'run on brown' assets, financial supervisors estimated in a first-of-its-kind stress test - but the financial impacts of climate-related "transition risks alone are unlikely to threaten financial stability".

France launches voluntary biodiversity credit market

The French government has launched a voluntary biodiversity credit market in a bid to scale up private investment in biodiversity.

EU countries failing to transpose CSRD risk increasing costs of compliance, observers say

EU countries yet to confirm transposition of the Corporate Sustainability Reporting Directive (CSRD) into national law are raising the risk of increased costs of compliance - particularly those linked to gaining independent assurance of reports, observers have said.

US and BTG Pactual launch $10bn Brazilian restoration coalition

The US government has launched a Brazilian land restoration coalition, with aims to mobilise around $10 billion from the public and private sector.

UK 'exploring value of' taxonomy after repeated delays

A UK government consultation to "explore the value of implementing a taxonomy" has been welcomed by commentators but has done little to dispel concerns that years of work on the proposal may still lead it to be ditched.