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Nature in fiduciary duty debate is a 'rabbit hole', says Schroders
15 March 2024The debate about whether nature is legally part of fiduciary duty has turned into a "rabbit hole" that asset managers should avoid, Schroders argued, instead urging them to take a 'thoughtful' and holistic approach to nature.
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ECB's Elderson urges banks to set transition plans to meet incoming regulation
14 March 2024Banks have been urged to publish "Paris-compatible transition plans" to prepare for upcoming legal requirements, by a member of the executive board of the European Central Bank (ECB).
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Canada publishes draft sustainability disclosure standards
14 March 2024 -
Financial directors should address and disclose nature-related risks, say lawyers
14 March 2024Financial directors in England and Wales are legally required to both address and disclose their nature-related risks, a team of barristers said in a new position statement.
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Car parts makers in Columbia Threadneedle's deforestation engagement crosshairs
14 March 2024Car parts manufacturers have been targeted for engagement by Columbia Threadneedle, as the investor seeks "a different route" to tackling deforestation in corporate supply chains, an Environmental Finance conference heard.
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$150bn 'at risk from land use change'
14 March 2024Tightening policy and land use changes could see "ill-prepared" investors lose $150 billion by 2030 without action, think tank Inevitable Policy Response has warned, as it called on government to incentivise private investment.
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NZBA updates guidelines on climate target setting
14 March 2024 -
Hopes landmark EU nature restoration law will pass, as elections loom
14 March 2024An EU policymaker is "optimistic" that a landmark law to restore nature in the bloc will soon be adopted, the latest in a series of green policies which are expected to be completed ahead of elections later this year.
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EU preparing biodiversity risk assessment framework
13 March 2024The European Commission is preparing to publish a framework designed to help financial institutions assess nature-related risks in coming weeks, an Environmental Finance conference heard.
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SEC stumbles into battleground of climate materiality
12 March 2024Letting companies decide whether emissions are material to their business opens the door for disputes, writes Michael Hurley