News

All 14 TNFD metrics interoperable with ESRS

A new mapping of the interoperability between the Taskforce on Nature-related Financial Disclosures (TNFD) and the European Sustainability Reporting Standards (ESRS) has found a "high level of commonality".

'Landmark' Microsoft offsetting deal demonstrates the need for scale

In the wake of a new 'landmark' carbon credit deal with Microsoft, BTG Pactual's Timberland Investment Group (TIG) has told Environmental Finance that investors are looking for co-benefits and why project scale is necessary for both impact and reduced costs.

Swiss financial institutions agree to audit sustainability practices to stave off regulator

Swiss banks, insurers and asset managers have agreed to 'self-regulation' that includes the independent audit of implementation of the sustainability approaches they claim to make, in a bid to stave off regulation by the state.

EU GBS 'not overly costly' for leading utility green bond issuers, says IEEFA

Major European utility sector issuers of green bonds should not find it "overly costly" to switch to issuing EU Green Bond Standard (EU GBS)-compliant bonds to use the landmark legislation to demonstrate their "better management of transition risk", according to a think tank.

Bloomberg to host CSRD data on terminal

Bloomberg is to launch a new offering to provide access to the ESG data companies will report under EU's Corporate Sustainability Reporting Directive (CSRD).

Controversial ExxonMobil lawsuit dismissed

The Texas District Court has dismissed a lawsuit by oil and gas giant ExxonMobil described as an "attack on shareholder democracy".

Morningstar Sustainalytics looking for companies to set nature targets

Morningstar Sustainalytics has told Environmental Finance that it is looking for companies within its engagement programme to start setting nature-related targets.

Bond round-up: EDF, Heidelberg Materials, PostNL ... and more

Indosuez launches €70m fixed-maturity green bond fund

Indosuez Wealth Management has launched a €70 million ($75 million) actively managed green bond fund with a fixed maturity of 2028.

CA100+ companies 'not walking the talk on climate', says AI-driven analysis

High-emitting companies targeted by investor engagement are failing to evidence the climate action promised by their public targets, an artificial intelligence (AI)-based analysis of their transition planning has found.