Sustainability & ESG

Reporting & Disclosures

IFSCA Issues Disclosure Framework for GIFT City ESG Funds

By Editors | 30/01/2023

The framework is designed to promote the consistency, comparability, and reliability of disclosures from ESG funds operating in India’s maiden international financial services centre.

Reporting & Disclosures

Climate Consultancy South Pole Accused of Over-issuing Carbon Credits

By Editors | 30/01/2023

South Pole is alleged to have oversold 27 million tonnes of carbon credits and then failed to notify clients when the mistake was discovered.

Reporting & Disclosures

ESMA Under Pressure on ESG Fund Labelling Rules

By ESG Investor | 27/01/2023

European financial regulator faces up to criticisms of its plans for ESG label rules, with concerns focusing on the EU’s SFDR.

Sustainable Finance

India Issues First Ever Sovereign Green Bonds

By Editors | 26/01/2023

India raised almost $1bn that it will use for investments in renewable energy and climate change adaptation, among other areas.

ESG Data

ECB Publishes Climate-related Statistical Indicators

By Editors | 26/01/2023

The indicators are a first step to help narrow the climate data gap, said ECB executive board member Isabel Schnabel.

Capital Adequacy

EU Lawmakers Back Draft Law to Implement Basel III

By Editors | 25/01/2023

The draft law contains an interim treatment for banks to apply a 1250% risk weight to their cryptoasset exposures until 31 December 2024.

Sustainable Finance

WEF Paper Outlines Steps for Responsible Carbon Market Engagement

By Sanday Chongo Kabange | 24/01/2023

New paper from the World Economic Forum and Bain & Company calls for “decisive action” to scale up VCMs and ensure they serve the promised environmental and societal benefits.

Climate Risk

US Fed Issues Instructions on Climate Scenario Analysis

By Editors | 24/01/2023

Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo are asked to submit their responses by 31 July 2023.

Climate Risk

Researchers Dispute Benefits of Verra Approved Carbon Credits

By Editors | 23/01/2023

Investigative journalists found that only a handful of Verra’s rainforest projects showed evidence of deforestation reductions.