Archive

India unveils draft climate, transition finance taxonomy

GRI urges EU against cutting key impact standards as it mulls Omnibus changes

Reducing scope of CSRD would hinder ECB's work on climate, it warns EU

NBIM calls on EU to copy ISSB in overhauled corporate reporting standards

The EU should adopt 'identical' terminology and metrics from International Sustainability Standards Board (ISSB) standards in European Sustainability Reporting Standards (ESRS) where they address the same matters, managers of the $1.7 trillion oil fund have urged.

EBA hints it will resist calls to delay ESG scenario analysis rules amid CSRD overhaul

Rules for EU banks to conduct routine 'ESG scenario analysis' "cannot depend directly" on corporate reporting rules, their regulator said in response to calls to delay introduction while the bloc overhauls its Corporate Sustainability Reporting Directive (CSRD).

Expand nature compliance markets, urge UK parliamentarians

The UK government has been urged to expand nature compliance markets and stand behind its Biodiversity Net Gain legislation.

Biggest drawback of CSA's disclosure 'pause' is delay to assured data, investor says

Investors expecting an uplift in the quality of climate-related data face a longer wait for this to be independently assured and brought on par with conventional financial disclosures, after Canadian regulators' decision to 'pause' rules, according to Mackenzie Investments.

Extreme weather could see 'severe' losses, NGFS short-term scenarios show

US withdrawal from Paris Agreement to increase risk to insurers, EIOPA warns

The EU's insurers face increased sustainability-related risk exposure in the next 12 months, linked to the US withdrawals from the Paris Agreement and the World Health Organization (WHO), according to the EU's pensions and insurance regulator.

RBC's ditched target feeds debate on chilling effect of Competition Act

RBC's decision to ditch a CAD500 billion ($363 billion) 'sustainable finance commitment', citing recent changes to Canada's anti-greenwashing rules, has fed debate about how such rules can be effective without having a chilling effect on disclosures.