News

  • Mirova targeting €350m for sustainable land management strategy

    05 December 2023

    Mirova has launched a second iteration of its sustainable land management fund, targeting a raise of €350 million ($379 million).

  • SocGen raises €10m from first 'blockchain' green bond

    05 December 2023

    Société Générale has raised €10 million ($11 million) from its first digital green bond using blockchain, which the French bank said was a "first step" towards using blockchain as a sustainability impact data and certification tool for green bond issuers and investors.

  • NZAOA sets transition planning principles, policy engagement guidance

    05 December 2023

    A $9.5 trillion group of asset owners has set out guidelines on designing 'credible' transition plans and on aligning lobbying and advocacy with decarbonisation goals, areas it said were "crucial, but often challenging, elements for working on net-zero commitments".

  • COP28: We need carbon markets, say Carney, Kerry and Banga

    04 December 2023

    Mark Carney and other influential figures said carbon credits are essential to combat climate change - but they discussed the need to bring integrity to the much-criticised market.

  • TNFD updates nature scenario guidance to tackle user challenges

    04 December 2023

    The Taskforce on Nature-related Financial Disclosures (TNFD) has opened a consultation on the 'advanced' version of its nature scenarios guidance.

  • 'Greenhushing' punishable by regulators, IOSCO greenwashing paper says

    04 December 2023

    Financial institutions under-reporting their sustainability credentials to evade investor scrutiny or regulatory requirements may be punished under existing regulations, according to a report by the board of the International Organisation of Securities Commissions (IOSCO).

  • NZBA grows to 136 banks as 'milestone' targets date looms

    04 December 2023

    The Net Zero Banking Alliance (NZBA) has seen its membership triple to 136 since it launched in 2021, with 90% of those required to set their initial targets already having done so ahead of a key targets deadline next year.

  • COP28: Leaders agree to triple renewable energy, calling for greater investment

    04 December 2023

    Greater investment in renewable energy is needed to support a newly agreed deal to triple renewables capacity and double energy efficiency by 2030 to align with the Paris Agreement goals, heads of state in attendance at COP28 have urged.

  • COP28: Only one in 10 countries has fossil fuel phase out targets, researchers find

    04 December 2023

    National fossil fuel phase out targets are few and far between, researchers have found, amidst ongoing wrangling at COP28 about the necessity of a commitment by countries to phase out fossil fuels.

  • COP28: EU-led emerging market green bond initiative signs AfDB partnership

    04 December 2023

    The EU-led Global Green Bond Initiative (GGBI) has signed a partnership with the African Development Bank (AfDB) as part of its plan to expand its emerging and developing market green bond technical assistance programme.