News

Coal business resorts to "haphazard coalition" of insurers as giants retract

Financiers and governments at risk if they accept inexperienced underwriters, says Insure Our Future

ESMA chair says it will step up greenwashing scrutiny

The EU's securities markets regulator is to step up its focus on tackling 'greenwashing' and make it easier to compare "the real sustainability impact" of financial products, its chair has said.

Companies should ready Scope 3 disclosures, says ERM

More companies will be urged to undertake scope 3 emissions disclosures under new international standards and should ramp up their preparations to meet these demands, according to ERM.

People moves 10 June: ISSB, Abrdn, GFANZ, Nomura, CPR & more...

AFII: Sell Euro carbon-intensive bonds ahead of ECB sell-off

Investors have been urged to sell their euro-denominated corporate bond holdings in carbon-intensive firms ahead of an expected wind-down of the €340 billion ($364 billion) ...

REPowerEU's 'raid' on ETS reserves will lower carbon prices

WisdomTree has criticised the EU's plan to "raid" the Market Stability Reserve of the EU Emissions Trading Scheme (ETS), as part of the EU's plan to wean off Russian fossil fuels.

UK insurers set five-point plan to maximise climate risk management

The Association of British Insurers (ABI) has called on the UK government to fulfil five actions needed for the insurance sector to further tackle climate change.

Exclusive: Sustainalytics to launch transition ratings

Sustainalytics is to launch climate transition ratings for companies by the end of the year, Environmental Finance has learned.

Weakened EU ETS legislation blocked by Parliament

The European Parliament unexpectedly voted against the extension of the EU's emissions trading system (ETS) on Wednesday, following opposing views on climate ambition.

Debut Singapore green bond expected in 'coming months'

A debut sovereign green bond issuance by Singapore is expected in 'coming months' after the Southeast Asian city-state published its green bond framework.