News

• Bloomberg and Natural History Museum to build biodiversity data tool

  29 November 2023

  Bloomberg has announced it will work with the UK's Natural History Museum to build a biodiversity data tool for investors.

• Expect more fossil fuel meddling at COP28, says Morningstar

  29 November 2023

  It is unsurprising that the UAE reportedly sought to use COP negotiations to further fossil fuel interests - and it is likely that oil and gas companies will look to further change the narrative in their favour at this year's conference, according to Morningstar.

• Banking regulatory body consults on requiring disclosure of financed and facilitated emissions

  29 November 2023

  The Basel Committee on Banking Supervision (BCBS) has requested feedback on proposals to require banks to disclose greenhouse gas (GHG) emissions linked to the financing they provide as well as underwriting and advisory activities.

  

• Mizuho to invest in carbon credit marketplace Climate Impact X

  29 November 2023

  Mizuho Financial has invested in Singapore-based carbon credit marketplace Climate Impact X (CIX) as the Japanese financial giant looks to expand the "reliable and high quality" regional carbon market in Asia.

• 10% of sustainability-linked bonds 'not aligned' with ICMA principles, says Fitch

  29 November 2023

  One in ten of the sustainability-linked bonds (SLBs) rated by Sustainable Fitch are "not aligned" with the widely accepted principles administered by the International Capital Market Association (ICMA), almost four-times the level for green, social and sustainability bonds.

• EFRAG working with TNFD on 'interoperability map'

  29 November 2023

  The European Financial Reporting Advisory Group (EFRAG) has said it is working with standard setters, including the Taskforce for Nature-related Financial Disclosures, on 'interoperability maps'.

• Innovative $1bn 'blended finance' SDG loan fund launched

  29 November 2023

  Allianz Global Investors (Allianz GI) and FMO Investment Management (FMO IM) have launched a UN Sustainable Development Goal (SDG)-aligned loan fund after successfully mobilising $1.1 billion for the innovative public-private investment fund.

• 'More rigorous' standards see biennial review register big drop in sustainable assets

  29 November 2023

  A big drop in the total assets judged as 'sustainable' globally has been reported in the latest in a series of biennial reviews, with tightened criteria in response to a "rise in greenwashing and greenhushing".

• NBIM plans $70bn sustainable private equity investment expansion

  28 November 2023

  Norges Bank Investment Management (NBIM) is proposing updating the investment strategy for the NOK15.6 trillion ($1.46 trillion) Norwegian sovereign wealth fund to include net zero-aligned unlisted equity investments.

• VCMI launches 'flexible Scope 3 claim' for carbon credit usage

  28 November 2023

  The Voluntary Carbon Markets Initiative (VCMI) has launched a framework for allowing companies to credibly use carbon credits even though they are struggling to meet short-term reduction targets.