ESMA: Enhance transition finance to prevent greenwashing
The European Securities and Markets Authority (ESMA) has recommended that the EU consider sharpening up recognition of 'transition' finance and better align legislative use of what constitutes 'significant harm' in order to prevent 'greenwashing'.
ESMA, EIOPA: Regulatory frameworks causing greenwashing
The European Securities and Markets Authority (ESMA) and European Insurance and Occupational Pensions Authority (EIOPA) have said the challenges of implementing sustainability regulation may lead to greenwashing.
ExxonMobil, Chevron investor support for shareholder climate resolutions fall
Investor support for shareholder climate resolutions urging Chevron and ExxonMobil to set greenhouse gas (GHG) emissions reduction targets has fallen since last year, following limited progress at their European counterparts.
MAS to consult on coal-phase out within Singapore taxonomy
The Monetary Authority of Singapore (MAS) is to launch a consultation on the inclusion of managed phase-out of coal fired plants within Singapore's 'green' taxonomy.
BNP Paribas AM welcomes pharma biodiversity good practice proposals
BNP Paribas Asset Management (BNP Paribas AM) has welcomed voluntary good practice guidance from an industry initiative aimed at reducing the biodiversity impact of the pharmaceutical sector.
NGFS transition plan 'stocktake' due this week
The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) will publish its "stocktake" on transition plans this week, which one official said will demonstrate how "inconsistent" the global picture is.
Paris-aligned benchmarks boom but are they helping the transition? Part two
Asset owners are placing money in Paris-aligned benchmarks at a quickening rate but questioned whether they facilitate the transition. Michael Hurley reports
Paris-aligned benchmarks boom but are they helping the transition? Part one
Asset owners are placing money in Paris-aligned benchmarks at a quickening rate but questioned whether they facilitate the transition. Michael Hurley reports
EU climate benchmark funds hit €58bn in assets
Funds managing assets in compliance with EU climate benchmarks have hit about €58.3 billion ($63 billion), according to estimates by the European Commission.
Sustainable bond market risks fragmentation amid 'regulatory overload'
By Ahren Lester at the ICMA AGM in Paris