Draft ESG data 'code of conduct' aims for international uptake
The creators of a draft voluntary code of conduct for ESG ratings and data providers have hailed it as a "world-first" for its attempt to set internationally consistent standards for the rapidly growing market.
FCA raises concerns of 'greenwashing' in sustainability-linked loans
The UK Financial Conduct Authority (FCA) has warned that the sustainability-linked loan (SLL) market is "not achieving its potential," and faces growing accusations of 'greenwashing' amid concerns of weak incentives, conflicts of interest, and misalignment with public climate goals.
UK's competition regulator 'very unlikely' to punish climate collaboration
The UK's competition regulator has said it is "very unlikely" to punish businesses working together to tackle sustainability issues including climate change.
We will give you safe harbour on transition planning, says UK FCA's ESG head
Companies and financial institutions should not face the risk of legal action for collaborating to develop climate transition plans, according to the director of environment, social and governance issues at the UK Financial Conduct Authority (FCA).
FCA considers regulation on closing 'say-do gap' for financial institutions
The UK FCA has said it will consider potential regulation to encourage financial institutions to contribute to positive sustainability outcomes.
UK confirms plan to regulate ESG ratings providers
Providers of environmental, social and governance (ESG) ratings face being regulated in the UK under a plan put forward by the country's government which could make it the first country to do so.
Assurance key to development of climate reporting, says FCA
Developing a framework for assurance of company disclosures will be important to the next stage of the UK's climate reporting regime, according to a senior regulator.
UK regulators point to rising expectations for company TCFD reports
The regulators overseeing climate-related disclosure rules for UK-listed companies say they are likely to step up enforcement, as they look to address issues they identified in the latest reporting cycle.
FCA exec: Greenwashing is 'huge reputational risk'
The financial industry must acknowledge 'greenwashing' and consider how to prevent it, an executive at the UK's Financial Conduct Authority (FCA) said, warning it is a "huge reputational risk".
UK taskforce to develop transition plan 'gold standard'
The UK treasury has created a 'transition plan taskforce' to develop what it says will be "the gold standard" for climate transition plans by UK financial institutions and listed companies, in a move that is believed to be the first of its kind.