Weekly Sustainable Finance Newsletter 26/2024

Explore the latest product launches, regulatory developments and innovations in the area of Sustainable Finance and much more!

It is our pleasure to share the Sustainable Finance Daily Newsletter 26/2024?covering?June, 24 until June, 30 with you.

KKR and IGNIS Partner to develop green hydrogen projects

KKR and IGNIS have announced a joint venture, IGNIS P2X, to develop green hydrogen, ammonia, and other green technologies, with KKR committing up to €400 million. IGNIS P2X will focus on decarbonizing hard-to-abate industrial sectors, starting with a pipeline of around 20 GW of projects in Spain and other countries. Read more here.

ECB published report on climate-related financial disclosure

As climate-related disasters grow in frequency and severity, the ECB recognizes the urgent need to address climate change. The ECB is committed to increasing transparency about climate-related risks and the carbon footprint of its financial portfolios. Read more here.

IFC and IFRS Foundation partner to boost sustainability reporting in emerging markets

The International Finance Corporation (IFC) and the IFRS Foundation have formed a strategic partnership to enhance sustainability and climate reporting in emerging markets and developing economies (EMDEs). Read more here.

ISSB announced new two-year work plan to harmonize sustainability disclosures

ISSB has unveiled a new two-year work plan aimed at further harmonizing sustainability disclosure standards. Key initiatives include consolidating frameworks for transition plans, enhancing GHG emissions measurement with the GHG Protocol, partnering with CDP for aligned climate disclosures, and collaborating with GRI to streamline reporting. Read more here.

ISO to develop first International Net Zero Standard

ISO has begun developing its first international standard on net zero, set to launch at COP30 in November 2025. This standard aims to provide clear, robust requirements for the net zero transition and enable independently verified climate action, enhancing credibility and combating greenwashing. Read more here.

IIGCC unveiled enhanced Net Zero Investment Framework 2.0

IIGCC has released the NZIF 2.0, a comprehensive guide for investors to develop net zero strategies, incorporating three years of implementation experience. Key updates include new guidance for sovereign bonds, real estate, private debt, and a focus on financing reduced emissions over merely reducing financed emissions. Read more here.

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Your Sustainable Finance Daily Team