News

96% of carbon prices do not cover 2030 targets

The World Bank has found that less than 4% of global emissions are currently covered by a direct carbon price within the range needed by 2030, despite a year of record growth for Emission Trading Schemes (ETSs).

France launches landmark inflation-linked green bond

Prolific green bond issuer France has launched its first inflation-linked green bond, which is believed to be the first instrument of its type.

Nomura AM expects to file first climate resolution

Nomura Asset Management expects to file an ESG-related shareholder resolution for the first time ever next year.

Investors target food sector climate lethargy in engagement guide

A "continued lack of progress" by US food companies to set climate targets has led to the publication of an investor guide to ramp up engagement with the high-emitting sector.

Standard Chartered CEO: 'VCMs exist because governments have failed'

Standard Chartered has hailed the voluntary carbon market (VCM) as the best route for wealth to flow from developed nations to emerging markets.

BoE climate test estimates potential £350bn loss

ESMA: ESG funds cheaper and outperform conventional peers

Environmental, social and governance (ESG) funds outperformed their conventional non-ESG peers while also being cheaper, according to a European Securities and Markets Authority (ESMA) study.

TNFD reveals pilot tests as it readies second edition

The Taskforce on Nature-related Financial Disclosures (TNFD) has revealed plans to pilot test its framework, as it prepares to publish a second iteration next month.

SEC charges BNY Mellon for 'misstatements and omissions' on ESG

The US Securities and Exchange Commission (SEC) has charged BNY Mellon Investment Adviser, Inc. for "misstatements and omissions about environmental, social and governance (ESG) considerations".

IFRS Foundation 'at odds' with academics on sustainability standards

The IFRS Foundation has been criticised for failing to consider the views of academics as it prepared to devise global baseline sustainability reporting standards.