June Insights

Welcome to the June edition of the Carbon Insights Newsletter! It's been a big month at Cogo, with new partnerships, market expansion, exciting events, and more. Dive in to explore these milestones, fresh insights, and the latest industry news.

Industry news roundup

• Financial disputes hinder progress at the UN climate conference: Two weeks of negotiations ended with disputes between developed and developing countries over climate action funding, hindering efforts to set a new global climate finance goal.
• The EU proposes new rules for sustainable investment labels:?Suggesting categorising?non-sustainable products as 'transition' products and introducing a sustainability indicator for grading investment funds.
• Australia announces a new sustainable finance roadmap:?Key government initiatives include mandatory climate-related reporting, a sustainable finance taxonomy, and a labelling regime for sustainable investments.?
• Switzerland allows the financial sector to self-regulate on greenwashing:?While the EU amends the SFDR, the Swiss government has opted for industry self-regulation instead of state regulation.?

Cogo news

• Cogo and Bank of China introduce carbon tracking in Hong Kong:?Cogo has partnered with the Bank of China to introduce Hong Kong’s first carbon insights feature, marking Cogo's debut in the Greater China region.?
• ING Nederland offers carbon insights to all customers:?Following a successful pilot with over 500,000 customers, ING Nederland has made carbon insights available to all its customers.
• The Cogo team advocates for climate action at Money20/20:?Urging banks to act faster and join the climate race.?
• Cogo featured in Emerge's Partner Marketplace:?Offering tools to help Kiwi businesses measure, manage, and improve their carbon footprints.

Expert insights

• Decarbonising finance: The critical role of fintech-bank collaborations: Emma Kisby, CEO of Cogo, highlighted the critical need for banks to partner with green fintechs to drive decarbonisation at Money20/20.
• Could AI help banks lead a sustainability revolution? Discussions at Money20/20 highlighted the transformative potential of AI. Here's how AI can be used as a tool for decarbonisation, enabling banks to lead on sustainability.?

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Thank you,

The Cogo team