Archive

US banking regulator abandons climate risk principles

The Office of the Comptroller of the Currency (OCC) has "withdrawn its participation" in maintaining principles for climate risk management by large financial institutions in the US, which it argued were "overly burdensome and duplicative".

EU lawmakers agree vote on 'stopping-the-clock' on sustainability rules

UK pensions regulator aims to unlock 'latent demand' for net-zero investment

La Banque Postale releases first transition plan in line with CSRD

Danish regulator admonishes asset managers for SFDR failings

Australian regulator issues sustainability reporting guidance

EU issues 'urgent' request for advice on CSRD cutbacks

The EU Commission has written to the bloc's financial reporting standard-setting body, requesting urgent "advice" on how to make the Corporate Sustainability Reporting Directive (CSRD) less onerous for companies.

Indian muni issuers still 'missing green bond potential'

Indian municipal issuers are still missing the opportunity to issue green bonds with only a "small" proportion of the debt raised for potentially green-eligible projects being labelled as such,...

Axa IM 'downgrades' and 'may reduce exposure to' companies that weakened climate targets

European fund management giant Axa Investment Managers has "downgraded" companies that weakened their decarbonisation targets and is considering selling some of its holdings in these companies due to perceived increased risk, a sustainability head said.

SEC ends defence of climate rule in 'backward step for investors'

The Securities and Exchange Commission (SEC) has ended defence of its own climate disclosure rule, signalling a major blow to hopes it could be saved from legal challenges.