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Technological advances lower barriers to entry for spatial finance, study finds
16 July 2021Financial institutions are increasingly using 'spatial finance' data to assess climate risk after technological advances
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SBTi tightens corporate climate target requirement from 2022
16 July 2021The Science Based Targets initiative (SBTi) said that companies looking to validate their climate goals from mid-2022
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TCFD forward-looking proposals detrimental for asset owners, says TPI
16 July 2021The Transition Pathway Initiative (TPI) says its asset owner members are concerned at "significant gaps and technical weaknesses" in proposals by the Task Force on Climate-related Financial Disclosures (TCFD), in a fierce rebuttal of plans to recommend 'forward-looking' climate reporting.
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Hong Kong appoints sustainable finance group to bolster disclosures
15 July 2021Hong Kong's securities regulator and central bank have helped create a group of experts to develop sustainability reporting and a dedicated carbon market in the territory.
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Investors use 'up to 100,000 pieces of data' to show EU taxonomy alignment
14 July 2021The sustainability reporting burden imposed by regulation could be lessened in coming years with the development of a free-to-use European database, an Environmental Finance webinar heard. Michael Hurley reports
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Lack of ESG data a barrier to investors, finds Index Industry Association
13 July 2021The Index Industry Association (IIA) has found that a lack of standardised sustainability data is one of the main barriers to asset managers...
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EU expert group publishes proposed social, transition Taxonomy extensions
13 July 2021The Platform on Sustainable Finance (PSF) has published proposals for extending the EU Taxonomy for sustainable activities to include 'social' objectives, as well as extend the existing 'green' Taxonomy to specifically identify environmentally harmful and 'transition' activities to add nuance to the landmark regulation.
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Second phase of SFDR delayed until July 2022
12 July 2021The EU has delayed implementation of the second phase of the Sustainable Finance Disclosure Regulation (SFDR) by six months, until 1 July, 2022.
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GRI joins EFRAG to begin work on CSRD reporting standards
09 July 2021A group of experts has begun work to develop EU-wide sustainability reporting standards and joined with the Global Reporting Initiative (GRI) to ensure the standards inform, and are informed by, global efforts at standardisation.
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ECB to introduce climate disclosure requirements
08 July 2021The European Central Bank (ECB) will introduce environmental sustainability disclosure requirements for private assets, it has said, in a move that could help it tilt its asset purchases and collateral rules away from heavily polluting companies.