Breaking news – Sustainable Finance - June 2023

What’s new in sustainable finance?

Every week, Carbon4 Finance shares the latest headlines in sustainable finance.

In partnership with the Transition Pathway Initiative, the Institutional Investors Group on Climate Change launched a net-Zero framework for banks outlining 10 standards investors expect from banks among which bank commitments and targets, exposure, and emission disclosures or historical emission performance.

ECB board member reveals preliminary findings of a study on the interdependency between biodiversity and the risks “posed to the economy and finance”. Almost 75% of all bank loans provided to companies are highly dependent on at least one ecosystem service. Underlining the cascading effects of biodiversity loss, the study shows how important nature is to the global economy.   

ESMA 2023-2028 Data Strategy should strengthen the Authority as a supervisor and information Hub facilitating the use of new data-related technology, reducing reporting compliance costs, and allowing the use of data at both the national and European scale.

To the question : Which news do you find the most important ?

• 86% have responded : Biodiversity dependency
• 9% : ESMA Data Strategy
• 5% : Bank Net-Zero

The poll