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The Climate Bonds Initiative's Agriculture Production Criteria provide a framework for certifying agri-food production assets and entities. The criteria focus on two primary mitigation elements: reducing absolute greenhouse gas emissions (specifically N2O, CH4, and CO2) and sequestering carbon in agricultural soils and biomass. A mandatory precondition for all certifications is that the land must be deforestation- and conversion-free (DCF). For entities and sustainability-linked debt, the document defines 'Aligned' and 'Transition' tiers based on whether the entity's emission intensity meets a 1.5°C transition pathway immediately or by 2030. The framework also incorporates mandatory safeguards for climate adaptation and resilience, biodiversity, water management, social standards, and animal welfare to prevent unintended negative impacts.

The AMF's first public administrative agreement with Primonial Reim regarding sustainability communication failures is seen as a positive signal but insufficient to address systemic greenwashing in French sustainable funds. Reclaim Finance and other signatories call for the total exclusion of fossil fuel developers from sustainable funds and the application of immediate, systematic sanctions for non-compliance.

The document argues that while green taxonomies are not a standalone solution for financing the energy transition, they serve as a critical 'building block' for establishing credibility and standardising green definitions to attract international investment. It highlights the tension between 'interoperability'—the ability for taxonomies to work across borders—and 'usability'—the practical application within local contexts where data may be limited. The brief recommends a phased approach, starting with climate mitigation and incorporating adaptation and resilience objectives using international guidance to avoid fragmentation. It emphasizes that taxonomies must be integrated into broader policy frameworks, including de-risking tools and currency hedging, to effectively steer capital toward sustainable activities in emerging economies.

The report examines how the Central Bank of Brazil (BCB) uses financial regulation to curb deforestation, particularly in the Amazon and Cerrado biomes. It details the BCB's 'Agenda BC# Sustainability', which integrates social, environmental, and climate risks into the national financial system. A central pillar of this strategy is the reform of rural credit, where the BCB has implemented restrictions on financing for properties with illegal deforestation, lack of environmental registration (CAR), or those located in protected areas. The document also highlights the role of the 'Bureau de Crédito Rural' and the 'Sicor' system in monitoring compliance in real-time.

The report examines how the Central Bank of Brazil (BCB) is leveraging its regulatory authority to align the national financial system with environmental goals. It details the BCB's 'BC# Sustainability Agenda', which introduces risk management requirements for social, environmental, and climate risks, and mandates disclosures based on TCFD recommendations. A significant portion of the analysis focuses on rural credit, where the BCB has implemented restrictions on financing for properties that violate the Forest Code or are located in protected areas. The report highlights the role of the Rural Environmental Registry (CAR) and the Rural Credit Bureau (SICOR) in monitoring compliance and suggests further integration of remote sensing data to enhance oversight.

The report evaluates how nature-related risks impact business profits and credit losses in five African banking systems. It finds that an 'orderly transition' aligned with the Global Biodiversity Framework (GBF) minimizes financial risks, whereas a 'disorderly transition' can lead to significant profit losses and increased credit losses, particularly in agriculture and mining. The analysis highlights that nature-related risks in these sectors are comparable in scale to climate-related risks in emissions-intensive sectors.

The report analyzes how border carbon adjustments (BCAs), such as the EU's Carbon Border Adjustment Mechanism (CBAM), affect Trinidad and Tobago's hydrocarbon-dependent economy. It identifies significant risks to the competitiveness of key exports like ammonia and fertilizers, while highlighting opportunities for the country to accelerate its transition to a green hydrogen economy and implement domestic carbon pricing.

Reclaim Finance and a coalition of organizations call on the Autorité des Marchés Financiers (AMF) to combat systemic greenwashing in French financial products. The authors highlight that a significant portion of passive and employee savings funds claiming sustainability continue to invest in fossil fuel expansion. They demand the AMF use its existing powers to sanction misleading information and revise its doctrine on extra-financial approaches to ensure that companies developing new fossil fuel projects are excluded from sustainable funds.

A coalition of over 20 experts and NGOs has sent an open letter to the Autorité des Marchés Financiers (AMF) demanding an end to greenwashing in the French financial sector. The signatories highlight that a significant portion of funds claiming sustainability continue to finance fossil fuel expansion, arguing that current AMF supervision of extra-financial information is insufficient and lacks deterrent sanctions. They call for the systematic exclusion of companies developing new fossil fuel projects from sustainable or green funds and a revision of the AMF's doctrine on funds integrating extra-financial approaches.

An analysis by Reclaim Finance and RIFT finds that most French life insurers continue to fund fossil fuel expansion through 'fonds euro' and 'unités de compte', with over 55% of 'responsible' or 'ESG' labeled funds exposed to fossil fuel developers.

The report argues that fiscal policies—including roadmaps, tax incentives, guarantees, and subsidies—are essential to bridge the net-zero investment gap in the ASEAN+3 region. It identifies critical barriers such as a lack of suitable project pipelines, regulatory uncertainty, and the predominance of MSMEs. The document recommends a holistic approach combining these fiscal tools with non-fiscal policies like green taxonomies and mandatory climate disclosures to steer the financial sector toward sustainable development goals.

The report identifies a systemic link between Indonesia's coal industry, political elites, and national banks, which continues to fund fossil fuel expansion despite global climate commitments.

Reclaim Finance criticizes a draft French decree that would allow employee savings plans to include funds with labels that do not strictly exclude fossil fuel expansion. The organization highlights that 84% of current employee savings funds invest in companies incompatible with the IEA's Net Zero Emissions scenario and urges the government to align all eligible labels—including CIES, Finansol, and Relance—with the stricter exclusion criteria of the ISR and Greenfin labels.

This report provides a preliminary stocktake of G20 members' strategies and practices regarding the bioeconomy to support the Brazilian G20 Presidency's Global Initiative on Bioeconomy (GIB) in 2024. It identifies common thematic axes, suggests high-level principles for a sustainable bioeconomy, and proposes five key themes for a future program of work to foster international cooperation and learning.

The document outlines a framework for the Brazilian Sustainable Taxonomy, specifically focusing on land use activities such as crop production, cattle, and forestry. It argues for the need for harmonized, technical, and verifiable criteria to direct financial flows toward sustainable production and prevent greenwashing. The report proposes a phased implementation approach, suggests a three-tier verification system (automatic, remote, and on-site), and highlights the importance of interoperability with international standards. It also identifies critical challenges, such as defining the scope of the 'do no significant harm' (DNSH) principle and determining the appropriate level of granularity for classification (economic activity versus rural property).

The Climate Bonds Initiative introduces a tool for financial institutions to evaluate corporate transition maturity across five categories, ranging from 'No Action' to 'Net Zero Achieved'. The system uses specific indicators across commitment, emission targets, implementation strategies, governance, and performance to determine if a company's financing can be labeled as 'transition finance' or 'green finance'. It emphasizes the need for science-based benchmarks, trackable annual actions, and board-level governance, while providing a weighted scoring method for companies with multiple business activities.

The Climate Bonds Initiative presents a tool for financial institutions to classify corporate transition maturity into five categories: No action, Committed, Aligning, Aligned, and Net zero. The system uses specific indicators across five components—Commitment, Emissions Targets, Delivery Strategy, Governance, and Performance—to determine a corporate's status. It distinguishes between 'short-term+' and 'full-term' plans within the 'Aligning' category and allows 'Climate Solutions' to be categorised as 'Aligned' for a limited period. The guide also provides a weighted-average methodology for corporates with multiple business activities and suggests that financing for corporates in the 'Aligning' and 'Aligned' categories can be considered 'transition finance'.

The report analyzes national and international frameworks to support the creation of the Brazilian Sustainable Taxonomy for land use. It highlights the significant variance in sustainability measurements—ranging from 1% to 44% of rural credit for the 2022/23 year depending on the criteria used—and recommends a technical, scientific, and gradual implementation process. The document details specific criteria from the EU, Colombian, and Mexican taxonomies, as well as domestic initiatives like the ABC+ Plan and FEBRABAN, to identify areas of consensus and points of attention such as the 'do no significant harm' (DNSH) principle.

This report analyzes how G20 nations are advancing the bioeconomy, categorizing approaches into biotechnology, bioresources, and bioecology. It highlights the potential for the global bioeconomy to reach US$ 30 trillion by 2050 and emphasizes the need for equitable, biodiversity-regenerative models. The document details technological advancements in biorefineries and bio-based materials, the role of indigenous knowledge, and the importance of sustainable finance and international cooperation to align economic growth with planetary boundaries.

This case study analyzes the sensitivity of sustainability classifications for rural credit in Brazil, comparing five different taxonomies and initiatives applied to data from the BCB's SICOR system between July 2015 and June 2023.