News

Two-year delay to CSRD sector-specific reporting agreed by parliamentary committee

A two-year delay to reporting in line with sector-specific standards under the Corporate Sustainability Reporting Directive (CSRD) has been agreed by the EU parliament's economic and monetary affairs committee.

Loan round-up: Thai Union, Pacific Basin Shipping, AET...and more

MAS launches ESG rating code of conduct

The Monetary Authority of Singapore (MAS) has published a code of conduct for ESG rating and data providers, in a bid to improve transparency and comparability between methodologies and products.

Brazilian indigenous protection rowback a 'fiduciary risk for investors', says BlueBay

Potential legislation deemed "anti-indigenous" in Brazil is a "fiduciary risk for investors" and a concern for Brazil's economic and sustainable prosperity, BlueBay Asset Management told Environmental Finance.

KfW adds biodiversity as it launches €13bn green bond programme for 2024

KfW has added biodiversity to its green bond framework as the German development bank aims to raise up to €13 billion ($14 billion) from its green-labelled issuance in 2024.

Fewer than one in five countries have 1.5°C aligned targets, investor-led analysis reveals

Only four countries among a group of 25 studied have emissions reduction targets that align with the Paris Agreement's goal to limit warming to 1.5°C, according to analysis by an investor-led project.

Eurazeo maritime climate upgrade fund targets $300m fundraise in 2024

Eurazeo is planning to raise at least $300 million from its private debt, climate-themed upgrade fund for the maritime sector, which is expected to launch later in 2024.

Australia passes legislation to create biodiversity credit market

Australia has formally passed legislation to protect and restore nature and developed a 'first-of-its-kind' biodiversity credit market, but last-minute concessions means offsets will be outlawed.

ISDA to publish sustainability-linked derivative legal clauses

The International Swaps and Derivatives Association (ISDA) will release a set of legal clauses this month to promote sustainability-linked derivatives (SLD), in its first step towards standardising the nascent market.

COP28: Coal plant shut-down deal takes significant step forward, but will still operate until 2035

From Peter Cripps at COP28 in Dubai