Report reveals top insurers of US coal
Global insurers AIG, Liberty Mutual, Lloyd's of London, Swiss Re and Zurich are among the top insurers of US coal mining, according to findings from Insure Our Future and Public Citizen.
DWS fined $19m by SEC for 'misleading' ESG statements
ISS ESG asks for feedback on its corporate ratings amid regulatory upheaval
ISS ESG has for the first time requested public feedback on its ESG Corporate Ratings, to inform its development of the product "in a rapidly evolving regulatory landscape".
US SEC adopts fund naming rules to tackle greenwashing
The US Securities and Exchange Commission (SEC) is to require funds claiming environmental, social and governance (ESG) characteristics to prove they invest in line with the claim, under changes to its Names Rule designed to "prevent misleading or deceptive investment fund names".
No need to scrap SFDR Articles 8 and 9, PwC says
The EU could make "tweaks" to its Sustainable Finance Disclosure Regulation (SFDR), rather than wholesale changes that could lead to the Article 8 and 9 categories being scrapped, according to an executive at PwC Luxembourg.
Extend SFDR reporting to all financial products, says Mirova
Even financial products not targeting sustainability objectives should be required to provide information under the Sustainable Finance Disclosure Regulation (SFDR), Mirova has argued.
EU mulls scrapping Article 8, 9 distinction and creating sustainability 'categories'
The EU is considering radical changes to its controversial Sustainable Finance Disclosure Regulation (SFDR) that could see it ditch the Article 8 and 9 designations that are widely used by investors to signal the sustainability ambition of funds.
'Uninsurable' assets is 'direction of travel' amid extreme weather
ABN Amro has warned that assets are increasingly becoming "uninsurable" due to the impact of extreme weather caused by climate change, as insurers respond to rising loss risk by hiking premiums and reducing exposure.
ISSB urged to address biodiversity and social issues
The International Sustainability Standards Board (ISSB) has been urged to set standards on biodiversity and human capital, as part of its next phase of work.
Investors warn ISS of troubling inconsistencies in climate voting advice
A working group of the Institutional Investors Group on Climate Change (IIGCC) has urged proxy advisor ISS to integrate climate into its voting recommendations for investors on a "more robust and consistent basis" amid "troubling inconsistencies".