News

Stringency sees enthusiasm wane for UK sustainability labels

The perceived stringency of the UK sustainability labelling regime has seen initial enthusiasm wane and the number of applicants dwindle, according to Morningstar Sustainalytics.

Public sector disclosure standards will help national transition planning, says IPSASB chair

Public sector climate-related disclosure standards analogous to those by the International Sustainability Standards Board (ISSB) are expected to help countries prepare transition plans, the chair of the body developing them says.

UK's Starmer 'must turn to nature to help meet net zero commitment'

The UK's new government has been urged to look to nature-related policy proposals to help meet its climate targets.

People Moves, 8 July: Lloyds, Bridges, IFRS, ESG Book, Permira ... and more

Sustainable loan volumes down a third in first half of 2024

Borrowing through sustainable loans is down a third in the first six months of 2024, led by a sharp decline in sustainability-linked loan (SLL) lending.

Mercedes-Benz issues first green asset-backed security

German firm Mercedes-Benz has raised CNY765 million ($105 million) from its first green asset-backed security (ABS), which is also believed to be the first instrument of this type from an overseas carmaker in the Chinese market.

The 'horse has bolted': Challenge to CSDDD & CSRD likely to fail, say observers

A proposal by EU parliamentarians to delay and weaken reporting requirements under landmark EU sustainability regulations has been dismissed as "political gesturing" and is likely to fail, according to observers.

Major NGOs denounce SBTi offset plans

The debate about whether the Science Based Targets Initiative (SBTi) should allow for the use of offsets within transition plans has continued, with NGOs and indigenous groups on different sides of the argument.

Starmer's UK is 'back in the race to net zero'

Sustainability-focused investors reacted positively to the landslide victory for Keir Starmer's Labour party in the UK's general election, amid claims that "the UK is back in the race to net zero".

Commission report backs climate risk buffers at banks

Macroprudential instruments such as a system-wide climate capital buffer may be needed to help cope with the full spillover effects of climate change on banks, a report by the European Commission has argued.