News

  • IFRS flags concern at lack of company reporting on expected impacts of climate change

    12 November 2024

    A review of company reporting has found little progress on company reporting in areas including the impacts of climate change on their businesses, strategies and financial planning, raising concern that investors are being starved of information they need.

  • Carbon credit offtake agreements hit 'new record', says MSCI

    12 November 2024

    Long-term offtake agreements for nature-based carbon credits have hit a "new record", MSCI has found, calling these a "bright spot" in an otherwise stunted voluntary carbon market.

  • Odfjell: No 'lookback' period is 'important' for transition loans

    12 November 2024

    'Transition loan' pioneer Odfjell said the focus on having little to no lookback period for eligible investments was "important" for transition finance instruments, but it does require companies to make a "clear commitment" around future investments.

  • COP29: GFANZ backs call for regulators to define coal phaseout as transition finance

    12 November 2024

    Governments and regulators could help investors by 'clarifying' that finance provided to accelerate the phaseout of coal plants counts as transition finance, according to the first report by the Coal Transition Commission (CTC) published at COP29.

  • Amundi remains committed to just transition as flagship fund renamed

    11 November 2024

    The Amundi Just Transition for Climate fund has been renamed following updated guidance from ESMA for funds with ESG or sustainability-related names.

  • UK's FRC downgrades 'environment and society' in updated definition of stewardship

    11 November 2024

    The UK Financial Reporting Council (FRC) has downgraded the words 'environment and society' in a redefinition of stewardship under proposed updates to the country's Stewardship Code.

  • Global South investors feel urgency and pessimism for COP29

    11 November 2024

    Investors in the Global South have told Environmental Finance that they feel a great sense of urgency and pessimism as COP29 kicks off in Baku, Azerbaijan over concerns that negotiators and policymakers are dragging their heels on financial pledges to support the countries that need it most.

  • 'Vital' LMA green loan drafting guidance to support market credibility

    11 November 2024

    The Loan Market Association (LMA) has published drafting guidance for green loan transactions to encourage greater consistency and support a "more active and robust" market in the future.

  • COP29: Article 6.4 operationalisation confirmed

    11 November 2024

    COP29 has kicked off with confirmation that Article 6.4 will be operationalised, a process set in motion by the supervisory body last month.

  • Can COP29 deliver on the key issue of finance?

    08 November 2024

    COP29, due to begin on Monday has been dubbed 'the finance COP', and will be judged largely on whether it succeeds in stimulating a step change in financial flows to both climate mitigation and adaptation.