-
NZBA has little impact on decarbonisation, ECB paper says
26 March 2024Signatories to the Net-Zero Banking Alliance (NZBA) "are neither divesting nor engaging differently from banks without a climate commitment," a group of economists said in a report.
-
Financial institutions have high exposure to companies with transition potential, central bank says
26 March 2024French financial institutions are highly exposed to corporates with the potential to meet the criteria of the EU sustainability taxonomy, research by the Banque de France says.
-
Fidelity expects increase in natural capital shareholder resolutions
25 March 2024Fidelity expects an increase in nature and biodiversity-focused shareholder proposals at this year's AGM season, and said it will consider lending its support following the recent publication of its Nature Roadmap.
-
L&Q faces SLB coupon 'step-up' on target miss
25 March 2024UK social housing charity London & Quadrant (L&Q) said it was "likely to miss" a greenhouse gas (GHG) emissions target linked to its ground-breaking sustainability-linked bond (SLB), triggering an additional £3 million ($3.8 million) of coupon payments.
-
SLB step-ups a long way from being financially punitive, says Barclays
25 March 2024The penalties for missing the targets set by sustainability-linked bonds (SLBs) would have to be at least 10 times what the market currently offers to be big enough to incentivise companies to change their behaviour, Barclays has argued.
-
CSDDD transition plan requirement 'little more than window dressing'
25 March 2024A requirement to disclose climate transition plans in the watered-down text of the Corporate Sustainability Due Diligence Directive (CSDDD) is "little more than window dressing" in the absence of a mechanism to force companies to implement the plans, it has been argued.
-
Sustainability-linked bond issuance limps into 2024
25 March 2024Sustainability-linked bond (SLB) issuance has had its weakest start to a year since the publication of principles boosted the market in 2020, according to Environmental Finance research.
-
$77bn under threat from water risks, says CDP
22 March 2024Water risks in companies' supply chains pose $77 billion of potential financial losses, said the CDP, as it urges financial institutions to be held accountable for their portfolios' impact.
-
EU releases biodiversity risk assessment framework
22 March 2024The European Commission has published a framework to help financial institutions better measure and quantify biodiversity risk.
-
French companies sound alarm at 'greenwashing' in ESMA sustainability enforcement rules
22 March 2024The French Association of Large Companies (AFEP) has voiced concern that draft rules for regulators enforcing the disclosure of sustainability-related information will too strictly police perceived 'greenwashing' and be complex to apply.
- Fight or flight: Contract and financing considerations for UK SAF projects
- COP29: €3bn public-private fundraise planned for emerging market green bond fund
- COP29 could be remembered as the 'blended finance COP', AllianceBernstein says
- La Banque Postale invests in ESG data startup
- Bahamas signs 'ground-breaking' $300m debt-for-nature loan deal
- COP29: Finance text draws criticism for missing 'elephant in the room' of numbers
- BNP Paribas targets $500m for developed markets forestry fund
- COP29: Sweden pushes forward on Article 6.2
- UK pledges £239m to tackle deforestation
- COP29: Financing Net Zero