UK banks, insurers told by regulator to improve climate accounting processes
UK banks and insurers have been urged by their regulator to "establish clear plans and timeframes for developing climate accounting capabilities", as it reminded them of expectations to measure and manage climate risks.
Financial institution SFDR reports fail to explain adverse impacts, regulators say
Financial institutions need to improve how they explain why they do not consider the adverse impacts of their investment decisions, EU regulators have said.
Green bond regulation, SFDR guidance among ESMA's 2024 priorities
The EU's securities markets regulator has said it will "seek to improve the overall consistency and efficiency of the regulatory framework" governing sustainable finance in its 'strategic priorities' for next year, as it awaits the result of a review of the Sustainable Finance Disclosure Regulation (SFDR).
Insurance Risk and Capital Americas 2023: US anti-ESG backlash is 'political risk', insurers say
US politicians have hijacked the ESG debate, making the job of insurers to manage their climate risk much more difficult, according to panellists at the Insurance Risk and Capital Americas 2023 conference.
Natural Capital Investment Americas 2023: TNFD 'will need filtering before integration into ISSB'
The recently released recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) will need to be "filtered" before being integrated into the standards created by the International Sustainability Standards Board (ISSB), one of the IFRS Foundation's directors has suggested.
UK regulators propose rules on diversity and inclusion
The UK's financial regulators have issued consultations on improving diversity and inclusion (D&I) in financial industries, an issue that is "important to governance and firm-wide culture" and supporting effective risk management.
DWS fined $19m by SEC for 'misleading' ESG statements
ISS ESG asks for feedback on its corporate ratings amid regulatory upheaval
ISS ESG has for the first time requested public feedback on its ESG Corporate Ratings, to inform its development of the product "in a rapidly evolving regulatory landscape".
Bank of England should model financial impact of acute physical risks, regulator says
The Bank of England should test the impact on the country's financial system of a "very large climate event", the head of the Bank's Prudential Regulation Authority (PRA) has said.