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UK to introduce law regulating ESG ratings
08 August 2024The UK will introduce law to regulate ESG ratings next year, in a move it says will help drive investment into sustainable companies.
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Thinktank renews call for net zero accounting standard
07 August 2024A thinktank has renewed its call for a "net zero accounting standard", arguing that financial accounts fail to adequately help investors understand companies' climate-related assets and liabilities.
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US exodus of CA100+ continues as politicians say it could violate antitrust laws
07 August 2024More US asset managers have departed Climate Action 100+ (CA100+), as Republican politicians wrote to more than 100 investors asking them how they would pressure companies to decarbonise and suggested that signatories could have breached US antitrust law.
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Costa Rica to publish sustainable finance taxonomy next week
07 August 2024Costa Rica is preparing to publish its sustainable finance taxonomy next week, just over two months after completion of a consultation on the proposed 'green' list for the South American country.
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'Annual social bond reporting doesn't make sense'
06 August 2024A major European issuer has argued that the sustainable bond market should look beyond annual reporting to better capture the long-term impact sought by instruments such as social and biodiversity-focused bonds.
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Banks reporting 'very low' green assets amid data 'shortcomings'
06 August 2024European banks have reported "very low" green asset ratios (GAR) in the first year of the disclosures amid important shortcomings in the data applied which impact their comparability, according to Barclays.
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Germany's BaFin already screening funds using ESMA name rules
06 August 2024Germany's Federal Financial Supervisory Authority (BaFin) has already begun screening new fund applications using EU rules governing the use of sustainability terms in fund names, months before the rules apply at EU level.
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Analysts need to be 'sanity check' for AI, says Iceberg
05 August 2024Amidst the growing role of artificial intelligence (AI) in sustainability data provision, Iceberg Data Labs has predicted a growing role for analysts acting as an 'expert eye' for the emerging technology.
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Launch of green equities designation can fuel 'green powerhouse' Brazil, says B3 exchange
05 August 2024The launch of a green 'designation' for listed equities can attract companies to list in Sao Paolo and catalyse the huge investment needed to realise Brazil's potential to be a "sustainability powerhouse", according to B3, the Brazilian Stock Exchange.
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ESG ratings, proxy advisors and EU regulation target of US politicians' criticism
05 August 2024US Republican Party politicians have called for stricter regulatory oversight of ESG ratings providers and proxy advisors, and for the "protection" of US companies from burdensome EU regulations, in a report criticising how investors consider ESG factors.