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Regulators need to act on greenwashing because market is failing to punish it, ESMA reports
20 December 2023Companies criticised for overstating their sustainability credentials have not yet seen their share prices substantially negatively impacted - which strengthens the case for intervention by regulators, according to the European Securities and Markets Authority (ESMA).
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UK presses ahead with listing reform, despite investors' corporate governance warnings
20 December 2023Fresh proposals to overhaul UK listing rules show "little sign that widely held and clearly communicated investor concerns about weakening corporate governance standards have been taken into account," one of the country's largest pension funds has warned.
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Innovative nature-based solutions starved of capital, says Oxford University
20 December 2023Investors are currently only investing in established nature-based solutions (NBS) with traditional returns and safer risk-return profiles, Oxford University has said, warning this leaves more innovative investments, with wider benefits, lacking capital.
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UK to study how it can be 'best place in the world' for transition finance
20 December 2023An independent review has been launched by the UK government to study how it can "become the best place in the world for raising transition capital" with a mandate that identifies assurance of financial transactions among ways the market can grow "with integrity".
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BoE continues to focus on climate despite UK government de-prioritising it, Breeden says
19 December 2023The Bank of England will continue work to improve its understanding of climate risks to financial stability, its deputy governor Sarah Breeden has said.
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Impact label is 'crucial' to SFDR success, impact leaders urge
19 December 2023 -
Tennessee sues BlackRock over 'false or misleading' ESG claims
19 December 2023The Attorney General of Tennessee has accused BlackRock of making "false or misleading" claims about "the extent to which environmental, social and governance (ESG) considerations affect BlackRock's investment strategies".
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Banks' disproportionate lending to high-emitting sectors poses stability risks, ECB warns
19 December 2023Eurozone banks lend "disproportionately" to high-emitting sectors and thereby risk financial instability, the European Central Bank (ECB) has warned, as it called for a tougher strategy to tackle such risks that could include increased capital requirements.
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'Blue' bond guidance will support market in 2024 - but not debt-for-nature swaps
19 December 2023Recent guidance around 'blue' bond issuance to support the growth of the water-focused sustainable bond market could result in debt-for-nature swap transactions dropping the blue bond label, according to Sustainable Fitch.
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Integrating nature a way to manage risk in renewable energy, says Octopus
19 December 2023Delivering a positive impact on nature is a key aspect of managing risk as a renewable energy investor, Octopus Energy Generation Fund Management has said, as it mulls investing in nature-based solutions carbon credits.