Energy transition

The latest developments in sustainable finance: JP Morgan climate metric in line with NZBA protocols, says alliance; GFANZ APAC chapter issues guidance on coal phase-out.

The publication of the final code follows two months of consultation in June.

 The pilot project will provide proof of concept for a new carbon credit scheme from Verra.

Majority of SLB issuers yet to hit end of 2023 goals per Barclays; Daoist ESG investor hub to be set up in Hong Kong.

The group has slammed the antitrust criticisms in the US backlash as being disingenuous and harming investors.

Climate change is already affecting economic activity in both emerging and advanced economies, say the banks.

The central bank is separately seeking feedback on provisional criteria for coal phase-outs under its incoming taxonomy.

The inauguaral issuance is expected between October 2023 and March 2024.

The taxonomy's multi-tier model is designed to respond to regional diversity.

The region is home to carbon-intensive economies and vulnerable to climate-related risks.