News

• Pictet: Investor awareness of biodiversity materiality five years behind climate

  12 October 2022

  Investors' awareness of the financial materiality of companies' impacts on biodiversity is generally around five years behind that of climate, an executive at Pictet Asset Management has said.

• EU expert group launch 'call to action' to improve taxonomy usability

  11 October 2022

  The Platform for Sustainable Finance (PSF) has published a pair of reports on the data, usability and application of 'minimum safeguards' requirements of the EU Taxonomy, which its chair described as a "call to action" for the European Commission on "improving usability" for the landmark 'green' legislation.

• Voluntary groups may have reached their limit, says E3G

  11 October 2022

  Voluntary climate governance mechanisms may "have reached their limit" according to E3G.

• ECB: Gender-diverse banks lend less to 'browner' companies

  11 October 2022

  European banks with a high share of female directors are less likely to lend to high-polluting firms, according to a study by the European Central Bank (ECB).

• Cities need gear change in net zero finance, says consulting group

  11 October 2022

  Existing financial instruments will be far from enough for European cities to reach net zero and new models must be devised that combine private and public finance, a financial consultant has told Environmental Finance.

• UK taxonomy could need another year to finish, says UKSIF

  11 October 2022

  The UK Treasury could need to delay the publication of its green taxonomy by between six months and 12 months, according to the UK Sustainable Investment Forum (UKSIF).

• Credit-focused harmonised ESG reporting tool launch imminent

  10 October 2022

  The launch of a harmonised environmental, social and governance (ESG) reporting tool for the credit market being developed by the UN Principles for Responsible Investment (PRI) and two trade associations is expected in the next few weeks.

• Loss and damage row 'could derail COP27'

  10 October 2022

  The loss and damage debate has the potential to derail COP27 negotiations, given worsening geopolitical tensions and attempts to pass the burden on to the private sector, Jefferies has warned.

• Verra slams ICVCM's 'unworkable' Core Carbon Principles

  10 October 2022

  A draft set of governing principles could cause a "rebellion" in the voluntary carbon market (VCM) if ratified, warned Verra - the world's largest verifier of voluntary carbon credits.

• Carney: Net Zero Data Public Utility 'essential' to accountability

  10 October 2022

  The development of free platform Net Zero Data Public Utility will be "essential" for developing the accountability and transparency of financial institutions, Mark Carney has said.