News

ECB slams banks' climate disclosures as 'white noise'

EU banks' climate risk disclosures are "a lot of white noise and no real substance," a leading executive at the European Central Bank (ECB) has said, as its latest analysis revealed no bank satisfies the ECB's basic rules.

EU's CBAM a credit risk to Asian industry

The EU's Carbon Border Adjustment Mechanism (CBAM) could cause credit risks for many Asian industries, Moody's Investors Service has warned.

People Moves 11 March: AXA, BNP Paribas, Actis & more...

TNFD 'beta' framework to be launched "next week"

The Taskforce on Nature-related Financial Disclosures (TNFD) said the first draft of its guidance framework will be released on 15 March.

EFRAG announces sustainability board

The European Financial Reporting Advisory Group (EFRAG) has appointed the members of its Sustainability Reporting Board.

Iceberg Data Lab completes 'sectoral mapping' for natural capital impact

Iceberg Data Lab has finished work to map different sectors of the economy according to the pressures they place on natural capital.

SEC to vote on climate risk disclosure rules

The US Securities and Exchange Commission (SEC) will decide on the adoption of rules for disclosure of climate-related risk information on 21 March, it has revealed.

Sovereign involvement 'critical' for scaling natural capital

Government involvement in natural capital investment is crucial for scaling finance in the area, an executive at the European Bank for Reconstruction & Development (EBRD) has said.

Investors' biodiversity metrics 'not fit for purpose'

Measurement approaches commonly used by investors to assess their impact on nature are "not appropriate for the purpose for which they are being deployed," an expert has said.

EF's Sustainable Investment Awards open for entries

Entries to Environmental Finance's annual Sustainable Investment Awards are open until 14 April 2022