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$2.7trn BlackRock proxy voting move 'game-changing' for industry
08 October 2021BlackRock will offer institutional clients expanded proxy voting options across its index business in the "first step" from the asset manager...
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ESG ratings 'opaque' for investors, says PRI's Fabian
07 October 2021ESG ratings are "routinely derived from internal modelling, which is often opaque to investors," Nathan Fabian, chief responsible investment officer at the Principles for Responsible Investment, has said.
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ESG 'ratings' term does a disservice to the industry, says FactSet
07 October 2021The terminology used to describe ESG ratings could harm the industry producing them...
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Just transition, inequality, and diversity are 'next hot topics for ESG data'
07 October 2021Improved data on diversity and inclusion has come to the "forefront of investors' demands"...
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SEC's Lee has 'great concern' about ESG disclosures of private companies
06 October 2021A prominent US Securities and Exchange Commission (SEC) Commissioner has voiced concern about private companies potentially facing less scrutiny on ESG disclosures than public companies.
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Greenwashing demands regulatory response, says IOSCO chair
06 October 2021'Greenwashing' risks undermining confidence in the global sustainable finance industry - but regulators are increasingly ready to combat disingenuous claims of positive environmental impact, according to an association of the world's securities and futures markets regulators.
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Prevent sustainable fund 'greenwashing', IMF urges regulators
05 October 2021Sustainable labels are becoming "increasingly important" drivers of investment fund flows...
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OECD proposes G20 introduce policies to govern ESG data
05 October 2021The G20 group of the world's largest economies should consider introducing policies to strengthen ESG investment practices of investors, including to encourage greater comparability and alignment of environmental metrics in ESG ratings, the Organisation for Economic Cooperation and Development (OECD) has said.
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Canada to expand climate disclosure requirements
04 October 2021The climate-related risk disclosure requirements of financial institutions in Canada will expand, the country's financial regulator has said.
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TNFD kicks off 2023 framework plan as working group members appointed
30 September 2021More than 100 institutions have signed up to support the Taskforce on Nature-related Financial Disclosure (TNFD), with 30 members appointed to lead the development of the framework, which is expected to be finalised in 2023.