News

Swiss propose sustainability labelling rules

The Swiss government has proposed rules to prevent financial greenwashing, including that reducing ESG risks alone will be insufficient to label a product or service as 'sustainable'.

Japan publishes ground-breaking ESG data, ratings 'code of conduct'

The Japan Financial Services Agency (FSA) has published the first voluntary 'code of conduct' in the world for environmental, social and governance (ESG) data and evaluation providers...

Basel climate guidance could trigger more conservative capital ratios, central banker says

Climate guidance provided by the Basel Committee on Banking Supervision (BCBS) is "good news" for climate analysis and data collection, and could result in more conservative capital ratios for banks, according to a central banker.

COP15: Germany grants €29m to TNFD

Montreal: The German government announced €29 million ($31 million) of support for the Taskforce on Nature-related Financial Disclosures (TNFD) at COP15, to support development and adoption of nature-related disclosures.

Loan round-up: Standard Bank, Ahold Delhaize, social loan spotlight ... and more

BlueMark launches impact verification framework to fill 'critical' data gap

BlueMark has published an external verification framework to assess the completeness and reliability of fund managers' impact reports.

COP15: JGP-WWF blended agroforest fund to target R$220 million

A forest restoration fund with a target of raising R$220 million ($41 million) by the end of its first year will be co-managed by JGP Asset Management and World Wildlife Fund (WWF), it was announced at COP15.

Investor groups lament UK delay to sustainability taxonomy

UK sustainability taxonomy regulations due by 1 January, 2023, will be delayed to an unspecified date, as the country's government decides "whether to change the UK's approach", the Treasury announced.

GFANZ targets $8bn in private finance support for Vietnam energy transition

GFANZ has established a working group to 'mobilise' up to about $8 billion in private capital towards Vietnam's energy transition.

COP15: ISSB signals intent to ramp up work on nature

The body developing international sustainability reporting standards has said it intends to ramp up efforts to include nature after it completes its work on climate, as it told attendees at the COP15 biodiversity conference that company value creation is inextricably linked to nature.