Biodiversity loss could trigger sovereign debt crises, economists warn
A new study published in the Nature journal suggests that financial markets are largely blind to the potential economic costs…
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Why IFRS S1 and S2 matter, and what it means for businesses
Wojciech Szewczak, head of strategy and advisory, and Sarthak Ganpule, senior consultant, AESG, explore how the International Sustainability Standards Board’s…
EBRD backs EV charging infrastructure across Central Europe with GreenWay loan
The European Bank for Reconstruction and Development (EBRD) has announced the granting of a €35 million loan to GreenWay, one…
Sustainability leaders in Belgium and Luxembourg ‘at a crossroads’, says KPMG
Sustainability leaders in Belgium and Luxembourg increasingly find themselves ‘at a crossroads’, as they seek to demonstrate measurable business value…
More investment in ‘transition finance’ needed for hard-to-abate industries, says BNP Paribas
BNP Paribas Asset Management has called for more investment capital to be directed towards ‘transition finance’ for hard-to-abate industries such…
Developed countries exceed $100 billion climate finance target for third consecutive year: OECD
Climate finance continues to accelerate, the OECD has said, with developed countries exceeding the $100 billion climate finance target for…
India’s financial institutions largely treating climate risk as a compliance issue, report claims
India’s banks and financial institutions are ‘failing to recognise and integrate climate risks into their business model’, instead largely treating…
Extreme weather risks could lead to nearly $1 trillion in global economic losses, says CDP
Risks to the global economy from extreme weather are likely to ‘escalate sharply’ in the coming years, and could result…
Just two of the world’s top financial institutions have commitments to phase out fossil fuels
Only two of the world’s 400 largest financial institutions have ‘robust commitments’ in place to phase out fossil fuels, new…
World Bank announces support for Egypt’s green economy transition
The World Bank Group has approved a $1 billion financing package to support Egypt’s transition to a greener economy, as…