Archive

EU climate benchmarks 'de facto mandatory' for Article 9 funds

The EU Paris-aligned and Climate Transition (PACT) benchmarks have been effectively made mandatory for investment funds to be judged among the most sustainable under the EU Sustainable Finance Disclosure Regulation (SFDR).

EU 'brown' taxonomy proposals split financial sector

EIOPA to take 'three-stage approach' on climate disclosure standards

The European Insurance and Occupational Pensions Authority (EIOPA) will adopt a three-stage approach towards developing climate disclosure standards for the insurance and pension sector amid challenges currently faced by poor or lacking data.

5% of European insurer assets are EU Taxonomy eligible, says EIOPA

Only a "small proportion" of total assets held by European insurance firms may be eligible under the EU Taxonomy for sustainable activities, according to research by the European Insurance and Occupational Pensions Authority (EIOPA).

A tenth of insurer investments in climate sensitive assets, says EIOPA

More than 10% of total investments by European insurers could be in sectors highly exposed to climate risk, according to preliminary data from the European Insurance and Occupational Pensions Authority (EIOPA)

EU launches Sustainable Finance Platform after Taxonomy approval

The European Commission has officially launched a new expert group that will advise the bloc on its final EU Taxonomy criteria for 'green' activities and a potential expansion to cover social objectives and 'brown' activities.

'Alarming' omission of oil and gas from EU financial disclosure rules draft

EU financial regulators have been criticised for appearing to omit oil and gas from its definition of fossil fuel sectors in its draft environmental, social and governance (ESG) disclosure requirements.

ESMA recommends EU develop single set of ESG disclosure standards

The regulator of the EU's securities markets has advised the European Commission to develop 'a single set of international environmental, social and governance (ESG) disclosure standards', to combat what it sees as short-termism among market participants.

Video: Gabriel Bernardino (Eiopa) @ Insurance Risk & Capital 2019

Gabriel Bernardino, chair of the European Insurance and Occupational Pensions Authority (Eiopa), joined Environmental Finance in London on 2 December at the Insurance & Climate Risk stream (part of the Insurance Risk & Capital EMEA conference).

Spurring sustainable investments with capital charges

As sustainability makes its way into regulation, the question of capital charges punishing 'brown' investments or incentivising 'green' investments has come to the fore. While regulators are asking for risk-based evidence, stakeholders are not all in agreement on how to proceed. Vincent Huck reports