News

  • Investor concerns at inadequate climate accounting prompt IASB explainer

    31 July 2024

    "Strong demand" from investors who expressed concerns that climate-related information was not sufficiently captured in financial statements has prompted the International Accounting Standards Board (IASB) to publish examples to clarify its expectations.

  • Moody's: 'Stark difference' in debut sustainable bond issuers entering market in 2024

    30 July 2024

    There has been a "quite dramatic" decline in new issuers entering the sustainable bond market in 2024 as issuers take longer to move from formulating frameworks to executing deals ...

  • SBTi consultation's 'mixed' findings leave it mulling role of carbon credits in new standard

    30 July 2024

    Science Based Targets initiative (SBTi) has published four technical papers "as an early step" in the revision of its Corporate Net-Zero Standard but noted that "direct decarbonisation" of the value chain remains a priority as controversy surrounds the role played by carbon credits.

  • Moody's SPO share surge continues as 'big four' consolidate

    30 July 2024

    The 'big four' sustainable finance second-party opinion (SPO) providers consolidated their market share in the first six months of 2024, with Moody's seeing another significant jump in share.

  • ING says it wants to share its transition plan assessment methodology

    30 July 2024

    Dutch bank ING has invited other banks to use an artificial intelligence (AI)-enabled methodology it has developed to judge the credibility of the transition plans of its clients.

  • Verra launches label for 'exceptional quality' credits

    29 July 2024

    Verra has launched a new label for reforestation credits deemed to be of an "exceptional quality".

  • Sustainable lithium producer plans 'first green enabling' transaction

    29 July 2024

    A 'sustainable' lithium producer is planning to issue a green loan that is expected to be the first to allocate proceeds that meet new 'green enabling' guidelines.

  • 'Controversies' use in ESG ratings is 'tricky and underdiscussed'

    29 July 2024

    The reporting of specific cases of sustainability "controversies" by environmental, social and governance (ESG) ratings providers is challenging for companies to manage, ...

  • Ocean 14 Capital eyes second fund

    29 July 2024

    Ocean 14 Capital (O14C) is mulling the launch of a second fund as it looks to meet anticipated demand in the nascent ocean investment sector.

  • US to mobilise private capital with emerging market transition initiative

    29 July 2024

    US Treasury secretary Janet Yellen has announced further support for the Emerging Markets Transition Debt Initiative, with investors committing $400 million into the energy transition in emerging markets.