News

Lack of deforestation data 'not a good excuse' for non-disclosure, says WBCSD

A lack of data is "not a good excuse anymore" for not disclosing on deforestation, the World Business Council for Sustainable Development (WBCSD) has said, as it releases new guidance for financial institutions.

Earth 'rapidly approaching red alert', warns scientists

Earth is almost in "red alert", scientists have warned, after finding that six of nine planetary boundaries have already been breached, with one more transgression "imminent".

French asset owners to announce biodiversity fund at COP16

A group of French asset owners expects to announce the asset manager selected to run a new biodiversity fund at the upcoming biodiversity COP.

Further 150 companies preparing to follow SBTN

The Science-based Targets Network (SBTN) has revealed that a further 150 companies plan to set targets for nature, with piloting companies also planning to publicly disclose their targets.

ESMA fund naming rules 'unfortunate' for green bond transition impact

The sustainable fund naming rules proposed by the European Securities and Markets Authority (ESMA) need to improve in their handling of labelled sustainable bonds, as it currently has an "unfortunate" impact on using these instruments for transition finance.

Australian super funds increasingly looking at green bonds

As Australian superannuation funds "mature" on sustainability, they are increasingly looking at labelled bonds and expecting higher credentials from issuers, the Australian Office of Financial Management (AOFM) has said.

ING updates net zero assessment approach

ING has added the dairy and aluminium sectors to its Terra approach for steering companies in its lending portfolio to net zero by 2050, and highlighted the steel and residential real estate sectors as requiring further work.

Voluntary Carbon Market Rankings 2024 announced

Environmental Finance received more than 7,000 votes across 23 separate categories for this year's Voluntary Carbon Market Rankings rankings, as readers nominated leading companies and initiatives in the sector that exhibit best practice or innovation.

Dolma to launch Nepal-focused climate fund

Dolma - an impact investor focused on Nepal - plans to raise its first fund focused on climate change.

Volvo to invest in nature offsetting projects