Archive

EU: Green bond issuance to 'gather pace' in 2024 after slow start

The EU expects to accelerate its green bond issuance in 2024 following revisions to member states' investment plans, after the massive green bond programme fell behind its targeted share of total borrowing by the bloc.

European FIs 'heavily exposed' to nature risks, warns Commission

European financial institutions are "heavily exposed" to nature-related risks, the European Commission's Joint Research Centre has found, warning this could have "dire consequences" for the financial system.

Investors devise long wish list for much-maligned SFDR

Every financial product sold in the EU should be required to disclose sustainability information under the much-maligned Sustainable Finance Disclosure Regulation (SFDR), Europe's largest asset manager has said.

Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules

The finance sector will be exempt from carrying out environmental and social due diligence of companies 'downstream' in the supply chain under newly agreed EU rules, in a victory for lobbyists who claimed it would add disproportionate costs and unfairly expose institutions to legal claims.

Swiss Re acquires flood modelling business

Reinsurance provider Swiss Re has acquired UK-based water risk intelligence and flood modelling business, Fathom, for an undisclosed sum.

Morningstar fined by regulator in anti-greenwashing action

Morningstar has paid the Australian financial regulator AUD29,820 ($19,612) after it alleged the company retained exposure to weapons manufacturers via its ESG-themed funds despite claiming it excluded such companies.

SEC delays hotly anticipated climate disclosure rule ... again

The US Securities and Exchange Commission (SEC) has again delayed the adoption of its climate disclosures rule, to push back a final decision until April next year.

COP28: Zambia to welcome first green bond in December

'Greenhushing' punishable by regulators, IOSCO greenwashing paper says

Financial institutions under-reporting their sustainability credentials to evade investor scrutiny or regulatory requirements may be punished under existing regulations, according to a report by the board of the International Organisation of Securities Commissions (IOSCO).

COP28: Voluntary carbon market braced for regulatory intervention following IOSCO report

The International Organisation of Securities Commissions (IOSCO) has proposed a set of measures to help regulators bring more integrity to the voluntary carbon market (VCM).