Archive

French regulator turns mystery shopper to check asset managers live up to sustainability promises

France's financial markets regulator will conduct spot checks of asset managers to check whether their voting and engagement practices meet the standards claimed in their marketing.

Investors' scenario testing not recognising full climate risk, warns academic

The climate scenarios currently used by investors are not fit for purpose and do not adequately assess the full extent of risks, an academic has warned.

Fund managers face SDR challenge to define 'sustainable', law firm says

Fund managers looking to adhere to the UK's forthcoming fund labelling and disclosure regime are to face a significant "subjectivity-related challenge" in determining what qualifies as sustainable, according to law firm Pinsent Masons.

French regulator highlights lack of consistency and granularity in insurers' climate disclosures

French life insurers' climate disclosures relating to their investment strategies are heterogeneous, incomplete and lack granularity, according to the French prudential regulator, Autorité de Contrôle Prudentiel et de Résolution (ACPR).

Rise of AI can benefit impact data, APG says

The application of Artificial Intelligence (AI) to identify and organise data presents opportunities in areas including sustainability-related impacts, according to one of Europe's largest asset managers.

Biodiversity credit standard setter warns against use of offsets

Carbon and biodiversity credit certification scheme Cercarbono has warned against the use of biodiversity credits as offsets but argued that governments need to back the mechanism, even in the absence of compliance markets.

ING hit by climate-related legal threat by NGO behind Shell court case

ING has been threatened with legal action by an NGO if the bank does not commit within the next two months to halve its absolute greenhouse gas emissions by 2030.

Austria raises €2.5bn from green bonds in 'innovative' triple-tranche deal

Austria has raised €2.5 billion ($2.7 billion) from two significantly oversubscribed green bond tranches issued through a ground-breaking triple-tranche syndication deal, with expectations of a record-breaking 2024 for total green bond issuance.

Webinar: Regulators need twin focus on nature and climate risks, says WWF

Central banks and supervisors need to adopt a more "integrated" approach to managing climate- and nature-related risks as the issues are often interdependent, WWF has argued.

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