News

COP27 agrees loss and damages fund, and need to 'transform' financial system

The COP27 talks have ended with a ground-breaking agreement to set up 'loss and damages' fund, but failed to make the strong progress in tackling emissions that many had hoped for.

Second COP27 draft published without 'loss and damage' fund

The second draft of the COP27 final agreement includes a placeholder for a 'loss and damage' fund as countries continue to debate the topic.

Abrdn rates corporate disclosure in line with most TNFD metrics 'poor'

Asset manager Abrdn has rated corporate data disclosure of 19 out of 24 of the metrics recommended by the Taskforce on Nature-related Financial Disclosures (TNFD) as "poor".

UN plans 'restoration taxonomy' to boost private sector funding

A UN-led initiative is planning to develop a taxonomy of ecosystem restoration activities in order to scale finance for projects from both the private and public sector, amid a significant funding gap.

Video: Ronald van der Wouden on how bond investors can stimulate discussions on the Paris Agreement

Ronald van der Wouden, managing director at RockCreek, shares his view on how investors in green, social, sustainability and sustainability-linked (GSSS) bonds can stimulate discussions around the Paris Agreement

People Moves 18 November: EFRAG, NBIM, IFC & more

ECB: Sustainable fund 'resilience' could reduce asset fire sales in crisis

Global environmental, social and governance (ESG) investment funds tend to have greater resilience to the risk of fund outflows in times of market crisis - which could prove beneficial to policymakers...

Nordea warns on gap between portfolio emissions reduction and 'real world impact'

There is a widening disconnect between emissions reductions in investors' portfolios and the decarbonisation of the real economy, the head of sustainability at Nordea Life & Pensions has warned.

COP27 draft criticised for not tackling fossil fuels

The first draft of the COP27 final agreement has been criticised for not committing to reducing fossil fuel usage other than unabated coal, with an institutional investor lamenting the lack of progress.

G20 countries vow to align public-private finance on biodiversity

G20 leaders have vowed to align public and private financial flows on biodiversity, in a bid to halt and reverse biodiversity loss by 2030.