Archive

Regulators divided on value of transition plans for ensuring financial stability

Financial regulators globally are divided on whether climate transition plans should be used to assess financial institutions' risk management, according to a report by the Financial Stability Board (FSB).

German public banks baulk at scope of biodiversity, transition plans in EU rules

Business needs clarity on EU omnibus proposals, NGOs tell von der Leyen

NZAM halts activities in 'fit for purpose' review following BlackRock exit

The Net Zero Asset Managers initiative (NZAM) has launched a review to ensure it remains "fit for purpose in the new global context" following news of BlackRock's departure last week.

GHG Protocol should tell companies which Scope 3 emissions are material, says GMO

International standard setters should clarify which disclosures companies are expected to provide from activities in their value chain, as such information is often too sparse for investors to compare, GMO's sustainability head has suggested.

EU to publish delayed carbon dioxide removal approach

After months of delay, the EU's European Scientific Advisory Board on Climate Change is set to release its recommendations on carbon dioxide removals early this year.

UK-China working group to add transition finance to disclosures work

Airline pension plan breached fiduciary duty with BlackRock ESG strategy, US judge rules

American Airlines breached the fiduciary duty it owed its pension plan clients under US federal law by selecting BlackRock, because it allowed the latter's "ESG interests" - rather than just its financial interests - to influence investment decisions, a judge ruled.

Canadian carbon market slammed as 'economic wrecking ball'

Canada's federal carbon market has been slammed as an "economic wrecking ball" by a regional environment minister, but with an election looming doubts remain over the compliance market's future.

Rwanda regulator issues sustainable bond guidelines

The Rwanda Capital Market Authority (CMA) has published new guidelines to help create a "internationally credible, replicable, and attractive" sustainable bond market in the East African country.