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People Moves, 3 October: Generate Capital, North Sky Capital, Ortec Finance, KPMG ... and more

Ocean impact fund universe swells to €2bn

The universe of impact investors exclusively targeting 'ocean' themes has grown to more than €2 billion in assets, Environmental Finance understands, but concerns remain that the theme is drastically underfunded.

Insurance industry 'not ready' for incoming nature risks, says Aviva

The insurance industry is "not ready" to deal with some of the physical impacts of the nature and climate crises, UK insurer Aviva has warned, calling for urgent education for governments and customers.

Global Biodiversity Framework difficult to 'make actionable', says AXA IM

The Global Biodiversity Framework is hard for companies to "make actionable", AXA Investment Managers has said, as it calls for more sector-specific tools to be developed at COP16.

Hong Kong publishes ESG ratings and data code of conduct

Hong Kong has followed jurisdictions including Japan and the UK in publishing a code of conduct for ESG ratings and data, covering aspects such as transparency of methodologies and avoiding potential conflicts of interest.

US carbon credit developer charged with fraud by FBI

US authorities have charged CQC Impact Investors' Kenneth Newcombe and Tridip Goswami and former chief operating officer Jason Steel for purposely overstating emissions reductions and 'fraudulently' securing an $100 million investment.

FCA sees 'huge amount' of applications for sustainability labels after slow start

There has been a "huge amount" of applications to use UK sustainability labels for funds ahead of a deadline this week, according to the Financial Conduct Authority (FCA).

Cercarbono reveals plans for first biodiversity credit project

Standard setter Cercarbono is preparing to register its first biodiversity credit project later this year, and has explained why it isn't taking the usual approach to third-party verification.

Call for 'green interest rate' to accelerate European transition

The European Central Bank (ECB) should introduce a 'green interest rate' to help advance Europe's green transition, a paper has argued.

EU bows to pressure to delay Deforestation Regulation

The European Commission has recommended a one-year delay of the implementation of the EU Deforestation Regulation (EUDR) as it bowed to complaints from countries and industrial groups arguing it would impose unworkable demands on them.