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Latest Results from /sustainable

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Klarna adds $2 million Climate Transformation Fund

Klarna, the AI powered global payments network and shopping assistant, has announced a further $2M worth of funding as part of its Climate Transformation Fund in collaboration with Milkywire.

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Climate risk insurance outfit Arbol raises $60 million

Arbol, a leading climate risk solutions provider operating in over 15 countries, announced today that it has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital.

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Carbonplace carbon credits market goes live on Yaala Labs’ P8 platform

Yaala Labs, the global market infrastructure provider, today announces the successful implementation of its P8 platform at Carbonplace to power its voluntary carbon market.

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ISSB publishes digital sustainability taxonomy

The International Sustainability Standards Board (ISSB) has today published the IFRS Sustainability Disclosure Taxonomy (ISSB Taxonomy), fulfilling its promise to enable investors and other capital providers to analyse sustainability-related financial disclosures efficiently.

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FSB Asia addresses cross-border payments, AI and climate change

The Financial Stability Board (FSB) Regional Consultative Group for Asia (RCG Asia) met today in Colombo.

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CMA, ISDB and LSEG publish guidance on green, social and sustainable sukuk

The International Capital Market Association (ICMA), the Islamic Development Bank (IsDB) and LSEG (London Stock Exchange Group) today publish new guidance on the issuance of green, social and sustainability sukuk (together, “sustainable sukuk”).

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Former Tesla fintech head spins off Aspiration’s green consumer financial services brand

In response to the growing demand for climate-friendly financial services, fintech and sustainability industry veteran Tim Newell has reached an agreement with climate finance company Aspiration Partners, Inc., to spin off Aspiration’s green consumer financial services brand into a new standalone company.

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Zero Circle and Epic River form green financing alliance

Epic River and Zero Circle today unveiled an alliance to integrate their digital platforms, aiming to accelerate the process of securing green financing.

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FCA confirms anti-greenwashing guidance

Ahead of the anti-greenwashing rule coming into force on 31 May, the Financial Conduct Authority (FCA) is supporting industry with guidance to help them meet the standard.

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BMO introduces climate financing programme

BMO today announced the launch of its Greener Future Financing program in the United States – its first climate financing program to help small and medium-sized businesses build future-ready, climate-resilient operations.

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Oracle floats analytics cloud for climate change

Earth Day — Financial institutions are under increased pressure from regulatory bodies to understand their environmental footprint and that of the companies they finance or invest in, otherwise known as financed emissions.

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Klarna and Milkywire open global biodiversity fund to other companies

The AI-powered global payments network and shopping assistant, Klarna and Milkywire, an environmental impact platform, have launched a new fund to open to tech and finance companies which want to invest directly in impactful projects to contribute to global biodiversity targets but don’t know where to start.