Archive

SEC pauses climate rule in move that 'will embolden' anti-ESG activists

The US Securities and Exchange Commission (SEC) has paused its climate disclosures rule amid legal opposition that threatens its implementation - in a move one commentator said will "likely only embolden the vehement anti-ESG activists".

ESMA proposes mandating ESG transparency in credit ratings

The European securities regulator has proposed requiring credit ratings agencies to explicitly state where and how ESG factors are incorporated in their methodologies.

SEC climate rule faces new legal challenge

Two fracking companies have brought a new legal challenge against the Securities and Exchange Commission (SEC)'s climate rule.

Vanguard's Australian arm made 'misleading' ESG claims regarding bond fund, court rules

Vanguard's Australian arm broke the law by "making misleading claims about certain ESG exclusionary screens" applied to investments in a bond index fund, the Australian Federal Court has ruled in a landmark case.

ESMA launches EU green bond external reviewer consultation

The European Securities and Markets Authority (ESMA) launched a consultation on the draft technical standards it plans to use for the registration and supervision of external reviewers of bonds issued in line with the EU Green Bond Standard (EU GBS).

French companies sound alarm at 'greenwashing' in ESMA sustainability enforcement rules

The French Association of Large Companies (AFEP) has voiced concern that draft rules for regulators enforcing the disclosure of sustainability-related information will too strictly police perceived 'greenwashing' and be complex to apply.

Basel 'faulty'

US banks have urged the Basel Committee to re-draw 'flawed' climate disclosure rules, writes Michael Hurley

SEC stumbles into battleground of climate materiality

Letting companies decide whether emissions are material to their business opens the door for disputes, writes Michael Hurley

Republican states sue SEC to block climate rule

SEC adopts watered down climate rule in landmark moment

The US Securities and Exchange Commission (SEC) has approved a landmark rule on climate-related disclosures, although it watered down elements of it, including no longer requiring disclosures on Scope 3 greenhouse gas (GHG) emissions.