News

IIGCC to step up pressure on banks to demonstrate action on net zero

A group representing investors with €65 trillion ($70 trillion) in assets under management has published a set of expectations for banks, as they push for more details on how banks will act on pledges to achieve net zero emissions.

UBS: EU's Corporate Sustainability Due Diligence Directive is complex and challenging

The EU's proposed Corporate Sustainability Due Diligence Directive will be "very complicated" for companies to comply with, UBS has warned.

Swedbank invests in biodiversity credit pilot and says market could exist in a year

A global market for biodiversity credits may exist within a year, according to Swedbank Group, as it revealed that it has invested in a pilot project that will generate credits.

GFANZ APAC launches consultation on managed coal phase out

The Asia Pacific chapter of the Glasgow Financial Alliance for Net Zero (GFANZ) has published guidance for financing the early retirement of coal-fired power plants.

Greenhushing is just another form of greenwashing, says Australian regulator

The chair of Australia's regulator has criticised 'greenhushing' - whereby companies do not publicly communicate their sustainability strategy - as "just another form of greenwashing".

Eastspring takes "non-confrontational" approach to climate engagement

Eastspring Investments is taking a "non-confrontational" approach to climate engagement in Asia, where governance remains the pressing sustainability-related concern, it told Environmental Finance.

Biodiversity funding database FIRE prepares for launch

An online tool to ease access to funding resources for biodiversity projects, from sources including investors, is about to be launched by UN Development Programme.

Voluntary carbon markets not "going to be perfect", says VCMI

Voluntary carbon markets are not "going to be perfect", but all tools, even those that "are contested" will be needed to transition the economy, the Voluntary Carbon Market Integrity Initiative (VCMI) has told Environmental Finance.

People moves, 2 June: including BNY Mellon, GIIN, TNFD ... and more.

'Ground-breaking' CSDDD rule secures European Parliament approval

The EU Corporate Sustainability Due Diligence Directive (CSDDD) has secured approval from the European Parliament that will require companies to implement climate transition plans and disclose the impact of their value chains on human rights and the environment.