Khalid Azizuddin
It comes as the EU gears up to unveil proposals relating to transition finance next week.
The updated framework is billed as the first international agreement to define the climate responsibility of companies.
The need to transition coal assets is particularly urgent within the region.
The inauguaral issuance is expected between October 2023 and March 2024.
The framework will effectively exclude gas-powered energy but will include nuclear.
Nordic investor also adds Brookfield AM to exclusion list, ramps up the use of principal adverse impacts (PAIs) to guide engagements.
Nature-based projects are expected to make up a bigger share of voluntary carbon markets in the future.
EM companies with state ownership significantly underperformed on governance versus international peers.
Separately, work on a national framework for blue bonds is nearing completion.
Avoided emissions data is key to mobilise financing to climate solutions, says group in call for expressions of interest to develop database