Biodiversity

The latest developments in sustainable finance: JPMorgan and Wells Fargo due to leave SFOF, UN chief calls for tax on polluters.

Germany raises international biodiversity funding to €1.5bn per year; Uruguay publishes sovereign sustainability-linked framework with nature KPI; investors write to finance ministers.

Federated Hermes, Aviva and BTPS join investor networks in writing to the new prime minister warning of costs from delays in climate action.

The latest developments in sustainable finance: UN report warns of deforestation risks, investors call for Starbucks labour assessment.

The latest developments in sustainable finance: Shell appoints new CEO, IGGCC proposes climate resilience framework.

Ground-breaking legislation would require financial institutions to conduct due diligence to avoid financing activities that contribute to the degradation, conversion or loss of forests.

TPR acknowledges concerns around TCFD reporting and says it will not be taking a tough approach to regulation as it assesses first wave.

Move comes as Grantham Institute calls on financial institutions, governments, business and civil society to support a 'just nature transition'.

The latest developments in ESG-related funds: HSBC AM announces world first biodiversity-screened ETF, Nordea launches ESG EM debt fund.

Move comes as NGFS nature taskforce set to create a conceptual framework for members to take nature-related financial risks into account.