News

US unveils principles to support voluntary carbon markets

US president Joe Biden's administration has released a joint statement of policy and new principles to promote "responsible participation" in voluntary carbon markets (VCMs) and to promote higher standards.

'No head in the sand' for net-zero investment at global asset managers, says Amundi

French asset manager Amundi said global asset managers in Europe must ensure their net zero commitments do not drive them to put their "heads in the sand" about their global transition impact, whilst emerging markets should be "front and centre" of sustainable strategies.

Feedback sought on first draft of Australian taxonomy

The Australian Sustainable Finance Institute (ASFI) has opened a public consultation on the first draft of its proposed taxonomy, including its headline ambitions and first three priority areas.

ISSB discussing alignment issues with Australia, Faber says as he warns of extra cost

"There will be a cost" for companies and investors in jurisdictions that claim alignment with, but diverge substantially from, International Sustainability Standards Board (ISSB) standards, the chair of the board warned.

EIB: We must be 'pragmatic, not dogmatic' on transition finance

A senior official at the European Investment Bank (EIB) said that sustainable finance cannot be "dogmatic" when it comes to choosing where to finance investments with the greatest impact for the transition.

Conservation International backs nature credit market 'with guardrails'

US-based environmental non-profit Conservation International has published a proposed strategy and guardrails for equitable and well-governed nature credit markets as a means of addressing biodiversity loss, climate change and inequities.

EU green and sustainable discussion enters 'more complex' cost debate

A senior European Commission official said the debate on the EU Green Deal and sustainable finance is entering a "more complex" phase over its next five-year mandate as attention turns to cost and making the existing framework more market-friendly.

GRI and IFRS to collaborate on 'full interoperability' of standards

The IFRS Foundation and Global Reporting Initiative (GRI) have extended their working relationship to collaborate on full interoperability of each other's standards for "seamless" sustainability reporting.

People Moves, 24 May: LeapFrog, Osmosis, Regnan and Downing

IRA response, national transition plan on investor wish list for next UK government

A UK response to the US Inflation Reduction Act (IRA) and a national transition plan head a list of actions an investor group has urged the next UK government to implement with urgency, as the country prepares for a general election.