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Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

and Canadian banks are threatening to withdraw because of new membership criteria requiring a fossil fuel phase-down. The displeasure, especially by large North American banks, threatens to rupture the increasingly fragile alliance. says Baltej Sidhu, an analyst with National Bank of Canada, in an interview with The Globe and Mail.

Net Zero 360
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Feds roll out climate requirements for companies that receive big government contracts

Corporate Knights

The federally appointed Sustainable Finance Action Council (SFAC) has submitted a report to the Department of Finance that lays out the key recommendations for the establishment of a transition taxonomy. The Canadian sustainable finance council comprises 25 institutions, including banks, pension funds, insurance companies and credit unions.

Net Zero 322
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Investors, Banks Push Back on EU Plan to Ease Sustainability Reporting Rules

ESG Today

The statement said: “The proposed approach would limit investor access to the consistent, comparable and reliable information needed to inform decisions and allocate capital in line with sustainability goals, including those of the European Green Deal, the EU Biodiversity Strategy for 2030 and the EU Climate Law.”

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ESG squeezed between Republican attacks on ‘woke capitalism’ and climate investors

Corporate Knights

Republican denunciations of sustainable investing are an absurd caricature of the industry, but they have helped to expose the confusion and lack of standardization in ESG assessments, making the industry and the money managers that rely on them vulnerable to attacks from both climate-concerned investors and business-as-usual conservatives. .

Net Zero 274
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11 young professionals on the future of sustainable finance

GreenBiz

“The Emerging Leaders program provides a forum where environmentally focused youth can explore and learn about climate solutions and sustainability efforts across public and private sectors,” said Alex Liftman, global environmental executive at Bank of America, which sponsored the program at GreenFin. Bryanna Briley. Mecca Luster.

Net Zero 411
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EU Regulators Propose Changes to Sustainable Finance Disclosure Rules

ESG Today

Proposals include the addition of information regarding the decarbonization targets of financial products, and the inclusion of a dashboard providing information about products’ sustainable and taxonomy-aligned investment. Click here to access the consultation.

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Natixis’ Private Markets Unit Flexstone Appoints Samira Boussem as Head of Sustainability

ESG Today

Deram said: “As Flexstone’s clients continue to develop sustainable investment strategies, we are thrilled to have someone as experienced and talented as Samira leading this effort. In addition to her role at Flexstone, Boussem teaches Sustainable investing at Université Paris Dauphine—PSL.