News

'Ugly future' ahead without rapid government action, warns LGIM

Without rapid action by governments to create an orderly transition, there may be an "ugly future" ahead and "disastrous consequences" for the financial sector, Legal & General Investment Management has warned (LGIM).

Moody's: TNFD metrics an 'important milestone'

The disclosure metrics proposed by the Taskforce on Nature-related Financial Disclosures (TNFD) are a significant step towards helping investors understand nature risks, and could boost sustainable debt markets, Moody's Investors Service said.

Bond round-up: EU, Stadshypotek, Ahold Delhaize, green bond spotlight ... and more

'Legitimate fear' among investors over potential EU-US green trade war, says NTR

There is "legitimate fear" that only larger EU countries will benefit from the Net Zero Industry Act (NZIA), and that it could prompt a green trade war with the US, renewable energy developer NTR has told Environmental Finance.

Australia considers launching 'world first' biodiversity market

A bill for a "world first" biodiversity restoration scheme for 'nature repair certificates' has been introduced to the Australian parliament.

'Final' EU Green Bond Standard text could arrive this week

The final text of the EU Green Bond Standard (EU GBS) could be agreed by the end of week, as the ground-breaking green bond regulation continues to progress following the provisional deal earlier this month.

Slovenian central bank boosts sustainable investment plans

Banka Slovenije plans to increase its investments in green, social and sustainability bonds to €400 million ($433 million) by the end of 2025 and reduce the carbon footprint of its private sector investments.

Australian regulator urged to investigate ANZ

The Australian regulator has been urged to investigate ANZ over claims it misled investors on a climate resolution at its annual general meeting.

MSCI to implement ESG rating changes next month

MSCI ESG Research has told Environmental Finance it is to implement changes to its ESG ratings methodology next month.

IOSCO: Progress on sustainability assurance framework 'encouraging'

The International Organisation of Securities Commissions (IOSCO) has encouraged market engagement with international standard-setters to ensure "high-quality" draft sustainability assurance standards ahead of their expected publication this year.