News

  • US states urge FASB not to include SEC rules in accounting standards

    14 August 2024

    Financial officers in 22 US states have urged the Financial Accounting Standards Board (FASB) not to incorporate the Securities and Exchange Commission (SEC)'s climate-disclosure rules "or any similar climate-related criteria" into US accounting standards.

  • World Bank issues landmark Amazon reforestation-linked bond

    14 August 2024

    The World Bank has raised $225 million from its biggest ever outcomes-based bond that links its coupon payments to verified carbon removal credits generated by reforestation projects in the Amazon rainforest in Brazil.

  • NBIM's renewables portfolio 18% down in first six months of 2024

    14 August 2024

    Norges Bank Investment Management's (NBIM) $1.85 billion portfolio of unlisted renewable energy assets returned minus 17.7% in the first half of this year, as the higher interest rate environment dented their value.

  • Thai power firm PEA readies debut sustainability bond

    14 August 2024

    State-owned Provincial Electric Authority (PEA) is raising THB1 billion ($28 million) from its debut sustainability bond.

  • EU regulators should be wary of 'step change' when amending rules

    14 August 2024

    Regulators should expect "delays" in the uptake of anticipated sustainable finance policy changes in the EU as investors face the prospect of starting again from scratch, a private equity investor has warned.

  • DBS: Nature is next big focus area despite "huge challenges"

    13 August 2024

    While DBS Bank has begun to tackle nature issues within its portfolio, mainly through data and modelling improvements, it has warned of "huge challenges" in adequately dealing with the topic.

  • Asian sustainable bond crosses $1trn milestone

    13 August 2024

    Cumulative sustainable bond issuance from Asian issuance has crossed $1 trillion, but 2024 could be the first year the region doesn't report new annual record issuance.

  • TPI exploring how to combine its analysis with ASCOR data as it expands coverage

    13 August 2024

    The Transition Pathway Initiative (TPI) is exploring how to combine its analysis of corporate climate transition risk with a similar assessment of countries conducted under the Assessing sovereign climate-related opportunities and risks (ASCOR) initiative.

  • Big risks still remain for green shipping investments, says MPC Capital

    13 August 2024

    While there are a growing number of investment opportunities to help decarbonise the shipping industry, "big risks" remain, MPC Capital has said, as it calls for more support throughout supply chains.

  • Impact investment valuations gathering 'real momentum', says Schroders Capital

    12 August 2024

    Schroders Capital is beginning to see "real momentum" in the valuations of its impact investment portfolio, its head of sustainability and impact for private equity has told Environmental Finance.