TNFD releases final recommendations

The Taskforce for Nature-related Financial Disclosures (TNFD) has published its final recommendations for nature-related risk management and disclosure, alongside additional guidance to help market participants get started with integrating assessment and corporate reporting related to nature. The launch of the TNFD’s 14 disclosure recommendations comes after two years of design and development, with the aim … Read more

SFDR Articles 8 and 9 may ‘disappear altogether’ as consultation launches

The European Commission is consulting on how the Sustainable Finance Disclosures Regulation (SFDR) is implemented and whether to build out Articles 8 and 9 into fund labels or create new, investment strategy-based labels. It has launched two consultations, one targeting financial services and the sustainable finance sector (including NGOs and other relevant bodies), aiming to … Read more

Investor chemical sector engagement gets granular with targeted expectations

A group of investors has asked chemicals companies to make public commitments to long-term ambitions for net-zero chemicals production by 2050 or earlier. Led by Institutional Investors Group on Climate Change (IIGCC), the group of 20 investors, including Nordea Asset Management, PGGM and Robeco, have published a number of expectations designed to build on and … Read more

New approaches to investing in nature to unlock billions of dollars

Considerable investment is poised to flow into natural capital as collaborative efforts from the Forest Investor Club (FIC) come to fruition. Led by the World Business Council for Sustainable Development (WBCSD), the FIC – whose members include BTG Pactual Timberland Investment Group, the US International Development Finance Corporation, Lombard Odier Investment Managers and Mirova – … Read more

California emissions and climate risk reporting bills ‘bring US in line with global community’

California has become the first state in the US to force companies to publicly report greenhouse gas emissions and disclose climate-related financial risk. The passing of SB-253 means that accurate and comprehensive data that is subject to an assurance engagement performed by an independent third-party assurance provider will now be required to determine a company’s … Read more

‘Biodiversity’ fund AUM rises to $984m

Biodiversity is shooting up investors’ ESG agenda in line with mounting concern about how quickly ecosystems and natural capital are eroding, says Sustainable Fitch in a new report. As a result, thematic and impact investors are expected to focus more attention and resources on nature and biodiversity in the coming years. “Although biodiversity remains a … Read more

Tobam launches civil and democratic rights funds

Tobam has launched civil and democratic rights focused funds that ‘strongly mitigate exposure to countries governed by autocratic regimes’. The Paris-based firm said the new offering, LBRTY, seeks to provide an equities investment vehicle that will exclude non-democratic countries based on factors including civil liberty, inclusiveness, rule of law and corruption. The firm will construct … Read more