Archive

European legal battles force better corporate climate accounting

TotalEnergies and ING are among the firms to face legal action from activist shareholders, write Gerben Schreurs and Paul Menoret-Renard

SEC dropping Scope 3 disclosure requirement will not prevent legal action, lawyer warns

The US Securities and Exchange Commission (SEC)'s reported plan to drop a requirement that would require publicly listed companies to disclose value chain emissions will not protect the government agency from legal action, a lawyer has said.

Investors have 'sleepless nights' over net zero targets tied to estimated data

Institutional investors lose sleep over net zero targets for which progress reporting is tied to huge volumes of estimated data, particularly data relating to greenhouse gas (GHG) emissions from a company's value chain, a conference heard.

ICMA draws up a 'Common Ground Taxonomy' for transition plans

The influential trade association wants issuer to act on transition plans before regulations arrive, and has provided a high-level tool to get the process started. Ahren Lester reports

Faber issues rallying cry as regulators diverge from ISSB, jeopardising its mission

The chair of the International Sustainability Standards Board (ISSB) has issued a "call to action" for regulators to unite behind by the organisation's standards, warning that divergence from them threatens to undermine its mission.

Switzerland encouraged to use debt-for-nature swaps

The Swiss government has been encouraged to help scale up private investment in biodiversity, either through providing first-loss capital or developing debt-for-nature swaps.

Bank of America CEO pleas for regulatory consistency on ISSB adoption

Bank of America's CEO urged regulators not to diverge from the IFRS Sustainability Disclosure Standards, as the banking head warned that doing so would deepen confusion of an 'alphabet soup' of sustainability reporting.

CBAM - first domino or false dawn?

The EU's Carbon Border Adjustment Mechanism has become a potent catalyst, igniting diverse carbon pricing debates across the globe, write Mark Jeavons and Frank Eich

Dutch banks urge against obligation to decarbonise, ask for right to request climate data

Data challenges mean Swedish banks report lower 'green asset ratio', association says