News

BaFin backs replacing SFDR Articles 8 and 9, defining transition investments

Germany's Federal Financial Supervisory Authority (BaFin) has backed the creation of three product designations to address investor misuse of the existing Articles 8 and 9 as labels in the EU Sustainable Finance Disclosure Regulation (SFDR).

Scenario analysis, policy advocacy among biggest gaps in investor transition plans, Ceres finds

Only a handful of North America's largest investors use climate scenarios as part of strategic investment decision-making, and only about half provide information on their climate advocacy, according to a Ceres analysis of their transition plans.

Costa Rica 'almost done' with framework ahead of 2025 sustainable bond debut

Costa Rica is planning to issue its debut sovereign sustainable bond in the first half of 2025, but the Latin American country is not currently looking to use the sustainability-linked bond format like some regional peers.

BNP Paribas to rename transition fund over negative connotations

BNP Paribas Asset Management is looking to rename its Energy Transition Fund over concerns that the term now has negative connotations.

First biodiversity credit methodology approved by Cercarbono

Carbon credit standard setter Cercarbono has approved the first methodology for use in its biodiversity credit programme.

Verra sanctions carbon projects for first time

Major standard setter Verra has rejected 37 carbon credit projects and sanctioned four validation bodies for the first time.

Commission faces legal challenge over taxonomy criteria for aviation, shipping

The European Commission faces a legal challenge of its inclusion of aviation and shipping criteria in its sustainability taxonomy, after NGOs accused it of greenwashing.

Sustainable Debt Round-up: IBRD, Mexico, China Development Bank, Scape Australia ... and more

Renewables investors beginning to "push" for nature, says Bluefield

More renewable infrastructure investors are integrating nature into their assets, but conversations remain at an early stage, Bluefield Partners has told Environmental Finance.

Eight new BNG sites approved

Eight more Biodiversity Net Gain (BNG) sites have been approved and added to the national registry, taking the total number of sites to 18.