• TNFD's additional disclosure metrics welcomed by data providers

    21 September 2023

    Additional disclosure points in the Taskforce for Nature-related Financial Disclosures (TNFD) final disclosure framework, which look to further identify social factors and 'priority locations', have been welcomed by ESG data providers.

  • US SEC adopts fund naming rules to tackle greenwashing

    21 September 2023

    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".

  • 'Food waste transition' key to reversing biodiversity loss, says Iceberg Data Lab

    19 September 2023

    The 'food waste transition' is to biodiversity what the energy transition is to climate, according to Iceberg Data Lab, which called for the topic to be integrated into decision making by financial institutions

  • SocGen launches €1bn transition fund, stricter fossil-fuel targets

    18 September 2023

    French bank Société Générale is targeting reducing its oil and gas exposure by four-fifths by 2030 as well as launch a €1 billion ($1.1 billion) transition fund.

  • Californian governor to sign landmark climate disclosure bills into law

    18 September 2023

    The Californian state governor has confirmed he plans to sign landmark climate disclosure rules into law after they secured final approval from state assembly members last week.

  • EU mulls scrapping Article 8, 9 distinction and creating sustainability 'categories'

    15 September 2023

    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.

  • Ginnie Mae launches 'social bond' label for investors

    15 September 2023

    Ginnie Mae will launch a 'social bond label' for investors in its single-family mortgage backed security (MBS) programme from October, which it described as an "important step" for the US government-owned residential mortgage agency.

  • World Federation of Exchanges publishes guidance on green equities

    14 September 2023

    The World Federation of Exchanges has issued guidance on how to apply the Green Equity Principles it issued in March, arguing that the asset class could "play an important role in helping to create a more sustainable world".

  • S&P finalises SPO integration with Shades of Green, adding another colour

    14 September 2023

    S&P Global Ratings has finalised the integration of its recently acquired Shades of Green business into its second-party opinion (SPOs) methodology for sustainable finance instruments,...