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).

French and Dutch watchdogs propose EU regulation of ESG data firms

EU 'brown' taxonomy proposals split financial sector

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.

Beyond Ratings gains credit rating agency accreditation

Beyond Ratings is now able to issue credit ratings for public issuers of debt, having received accreditation from the European Securities and Markets Authority (ESMA) – news that has been welcomed as a “game-changer” by the company.

Investors challenge ESMA’s definition of sustainability risks

BlackRock, Aviva and BNP Paribas Asset Management have each presented varying definitions of sustainability risks, in response to a consultation on how the EU should regulate investment fund managers.

EU unveils draft rules on ESG integration in investment advice

Draft rules on how investment firms and insurance distributors should consider sustainability topics when they advise clients have been published by the European Commission.

Norges Bank endorses EU public reporting reforms

The investment manager of the world’s largest sovereign wealth fund has welcomed proposals to increasingly consider environmental, social and governance (ESG) factors in the European public reporting framework.