The European Investment Bank (EIB) has taken another significant step towards sustainability by issuing a new EUR 5 billion Climate Awareness Euro Area Reference Note (EARN). This 10-year bond, due September 4, 2034, pays an annual coupon of 2.625% and was priced at 98.937%. This latest issuance, over seven times oversubscribed, highlights EIB’s pivotal role…

Plastic’s convenience has led to its widespread use, but the environmental costs are staggering. Every year, 400 million tonnes of plastic waste are generated worldwide, with 60% ending up in the environment or landfills. Our reckless plastic use and consumption has driven the world to generate approximately 400 million tonnes of plastic waste each year.…

A top U.S. banking regulator has found that major lenders are in the early stages of assessing and managing the risks climate change poses to their businesses, and that significant work is needed in some areas, three people familiar with the matter said. The Office of the Comptroller of the Currency conducted a review last…

As Climate Week NYC approaches, the global conversation on climate change is intensifying, and the need for effective action by all stakeholders is clear to see. As the enabler for transparency on sustainability impacts, GRI has an important role in the debate, as demonstrated by the new Climate Change and Energy Standards currently under development.…

EFRAG publishes its XBRL Taxonomy for ESRS Set 1, which enables the digital tagging of ESRS statements. In addition, EFRAG publishes the XBRL Taxonomy for Article 8 disclosures that the EC requested EFRAG prepare. The digital taxonomies enable the marking up ('tagging') of sustainability reporting in machine-readable XBRL format. EFRAG was tasked by the European…

Home insurance is becoming unaffordable for a growing number of Australian households as increased climate threats drive up their premiums, potentially putting billions of dollars in mortgage loans at risk, a report said. As of March 2024, 15% of Australian households were experiencing home insurance affordability stress, which is defined as having premiums that cost…

Hundreds of California sea lions have taken over San Carlos Beach in Monterey, California, prompting local officials to close the area to people. Caution tape has been put up but crowds are still drawn to the animal spectacle, taking photos of the sea lions as they rest and play on the sand and in the…

Climate change and security will dominate discussions at next week's meeting of Pacific Islands leaders in Tonga as China and the United States jostle for influence in the region. The chairman of the Pacific Islands Forum, Cook Islands Prime Minister Mark Brown, told foreign ministers from the 18 member nations this month "regional solidarity amidst…

On Saturday, Swedish climate activist Greta Thunberg, alongside members of the environmental group Extinction Rebellion, staged a blockade at a minor oil terminal connected to Norway’s Kårstø gas processing plant. The demonstration was part of their ongoing protests against fossil fuel extraction and the broader impact of Norway’s oil and gas industry on the environment. According…

A team of biologists, vets and fishermen temporarily captured rare freshwater dolphins in the Amazon this week to study their health in hopes of avoiding a repeat of the deaths of hundreds of the mammals last year due to a severe drought. The dolphins, that are in danger of extinction, were brought ashore for blood…

Wildfires blazed through sugarcane fields in northern Sao Paulo state , sending up clouds of smoke that covered nearby towns so thoroughly that officials prohibited outdoor sports. A soccer match of the Brazilian championship was canceled due to the ban in Ribeirão Preto, a city in the most critical region in the west of São…

A U.S. federal court has issued a ruling blocking new regulations in Missouri aimed at limiting the ability of financial professionals to integrate ESG considerations into their investment advice, finding that the regulation was vague and unconstitutional. The regulation, initiated by Missouri Secretary of State Jay Ashcroft, and passed in 2023, required securities firms and…