News

  • CA100+ defends phase 2 approach, after big name departures

    27 February 2024

    Climate Action 100+ has defended its updated approach, which has been blamed for three of its biggest signatories walking away from the climate engagement initiative earlier this month.

  • Nature-based solutions boosted in offsetting principles update

    27 February 2024

    A set of principles designed to bring credibility to the "failing" voluntary carbon markets have been updated to place greater importance on the role of nature-based solutions.

  • S&P launches two biodiversity benchmarks

    27 February 2024

    S&P Dow Jones Indices has launched two biodiversity benchmarks, tracking a subset of equities within the S&P 500 and S&P Global LargeMidCap indices.

  • Bain is first company to make VCMI credit claim

    27 February 2024

    Management consultancy Bain & Company become the first organisation to make the highest-level of carbon integrity claim under the Voluntary Carbon Market Integrity Initiative (VCMI) claims code.

  • Biodiversity funds top $1 billion for first time

    27 February 2024

    Biodiversity fund assets topped $1 billion for the first time in 2023, but the majority of funds in the universe remain small.

  • SEC dropping Scope 3 disclosure requirement will not prevent legal action, lawyer warns

    26 February 2024

    The US Securities and Exchange Commission (SEC)'s reported plan to drop a requirement that would require publicly listed companies to disclose value chain emissions will not protect the government agency from legal action, a lawyer has said.

  • Investors have 'sleepless nights' over net zero targets tied to estimated data

    26 February 2024

    Institutional investors lose sleep over net zero targets for which progress reporting is tied to huge volumes of estimated data, particularly data relating to greenhouse gas (GHG) emissions from a company's value chain, a conference heard.

  • Dutch banks begin using 'first' ESG-themed valuation framework for real estate

    26 February 2024

    ABN Amro, ING and Rabobank are among banks starting to use an updated, 'first-of-its-kind' framework for valuing real estate which covers sustainability factors including climate risk.

  • Tanzanian water authority issues 'historic' green bond

    26 February 2024

    Tanga Urban Water Supply and Sanitation Authority (Tanga UWASA) has issued a TZS53.1 billion ($21 million) 'water green bond,' which is believed to be the first municipal agency sustainable bond issuance in East Africa

  • 'Learning-by-doing ISSB reporting raises challenges for assurance'

    23 February 2024

    Organisations preparing reports in line with international sustainability standards are faced with the prospect of 'learning by doing' - which will make the job of assurance providers more challenging, an expert has said.