Swiss regulator consults on requiring nature-related scenario analysis
Switzerland's financial markets regulator has published an outline of supervisory expectations to require scenario analysis to identify and manage the most material nature-related financial risks.
German opposition to CSDDD text threatens to torpedo legislation
Germany's finance and justice ministers have publicly opposed the text of the landmark Corporate Sustainability Due Diligence Directive (CSDDD), raising the prospect that the EU's largest economy could sabotage adoption of the legislation.
'Big divergence' between implied temperature rise metric providers, ABN Amro says
There is significant inconsistency in the outputs of implied temperature rise (ITR) metrics from major providers, according to ABN Amro - meaning investors should take these scores with a "pinch of salt," and regulators should step in.
IOSCO should oversee ESG data and ratings principles for regulators, S&P suggests
The International Organisation for Securities Commissions (IOSCO) should develop a centralised set of principles for good conduct by ESG data and ratings providers, a senior executive at S&P has recommended.
S&P DJI to create carbon budget-focused index for PenSam
EU expert group to examine how to hardwire taxonomy into transition plans
An EU-mandated expert group is to advise the EU how criteria from its sustainability taxonomy can be "systematically integrated" to improve comparability and credibility of organisations' climate transition plans.
EU Platform begins transition plan work as it denies EU neglects issue
A commonly held perception that the EU's sustainable finance framework does not support 'transition' activities is "wrong", the chair of an independent EU advisory group has said, as it begins work on what good transition plans look like.