News

Vague COP15 agreement is 'not a Paris moment', warns HSBC

The global biodiversity framework agreed at the COP15 conference this week failed to meet expectations among some observers that it could provide an equivalent target to 'net zero' for nature, according to a research note by HSBC.

EU agrees 'game-changing' carbon market expansion

The EU has agreed a ground-breaking carbon border adjustment mechanism (CBAM) alongside a deal to strengthen and expand its emissions trading system (ETS),...

COP15 text is foundation for private sector work on metrics, LGIM says

The agreement by countries at COP15 to protect 30% of land and sea biodiversity by 2030 is likely to leave private sector initiatives to do much of the heavy lifting in areas such as devising nature-related metrics and targets, a large asset manager has said.

COP15: Agreement on nature-related disclosures hailed by investors

Investors have welcomed agreement by countries on a text to halt and reverse the loss of nature, which sets a goal to require financial institutions and companies to disclose their nature-related impacts and dependencies.

KfW targeting €10bn green bond issuance in 2023

KfW plans to raise a further €10 billion ($10.6 billion) from green bonds in 2023, after the German development bank reached a $65 billion cumulative issuance total in 2022.

Netherlands plans new green bond issue in 2023

The Netherlands is planning to issue a new, 20-year green bond in 2023 and hinted at issuing other labelled sustainable bonds, after the country raised more than €15 billion ($15.9 billion) from its maiden green bond.

COP15: Manulife commits $100m to nature-based solutions

Manulife has pledged $100 million towards nature-based solutions with a focus on producing forestry carbon offsets.

ISSB votes in favour of 'relief package' for Scope 3 disclosures

The International Sustainability Standards Board (ISSB) has voted in favour of a package of relief provisions for Scope 3 greenhouse gas (GHG) emissions disclosures as well as introducing a framework for Scope 3 measurement in IFRS S2 climate-related disclosures at its meeting in Montreal this week.

ABP sets target to invest €30bn in energy transition

Dutch pension fund ABP has set a target to invest €30 billion ($32 billion) in the climate transition, as it bids to reduce its carbon footprint across its entire global investment portfolio by 50% by 2030, compared to 2019 levels.

People Moves 16 December: EFRAG, Chronos and Tikehau