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EFRAG mulls pivot from financial institution standards to guidance after Omnibus
13 March 2025The European Financial Reporting Advisory Group (EFRAG) is preparing to decide how it can help financial institutions report in line with the Corporate Sustainability Reporting Directive (CSRD) after the EU's Omnibus package withdrew the prospect of sector-specific standards.
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EIOPA says Omnibus means it needs to delay insurers' sustainability risk standards
13 March 2025The EU's insurance supervisor has asked for a delay to its work on standards for insurers' sustainability risk disclosures, arguing that the proposed Omnibus package creates uncertainty that makes its work harder.
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About 2,700 companies subject to California climate risk rule, Ceres estimates
12 March 2025Almost 2,700 companies are set to be subject to California rules that require them to say how climate change poses risks to their global operations, in alignment with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), Ceres has estimated.
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UK's sustainability rules no barrier to investment in defence, FCA says
11 March 2025The UK's Financial Conduct Authority (FCA) has said its sustainability rules do not prevent investment in, or finance of, defence companies - days after a group of politicians urged changes to remove "unnecessary barriers" linked to financial institutions' ESG policies.
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EU Platform identifies core elements of a transition plan
11 March 2025Analysis of EU companies' transition plans "lays the foundation for minimum requirements" for credible plans, according to independent advisors to the European Commission.
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Glass Lewis to acquire Swedish data platform Esgaia
11 March 2025Corporate governance and proxy voting specialist Glass Lewis will acquire Stockholm-based stewardship and engagement platform Esgaia for an undisclosed sum.
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EU warned against undermining taxonomy as advisers unveil transition monitoring tool
11 March 2025The EU has been warned it could undermine its sustainability taxonomy if it follows through with plans to significantly reduce the scope of reporting requirements, in a report by independent expert advisers.
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Investors 'will continue' to push BP for climate plan clarity despite rejection
06 March 2025Investors who urged BP to give shareholders a 'say on climate' will continue to push the company for clarity on the issue, despite BP ignoring their pleas to do so at its annual general meeting on 17 April.
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FCA should provide clearer guidance on 'Mixed Goals' and 'Improvers', urges UKSIF
06 March 2025The Financial Conduct Authority (FCA) needs to provide investors with clearer guidance on two of its labels, under the Sustainability Disclosure Requirements (SDR) regime, UK Sustainable Investment and Finance Association (UKSIF) has urged.
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Canada regulator's guidance muddies waters on legality of net-zero plans, says accounting body
06 March 2025Guidance from Canada's Competition Bureau on how regulation of environmental claims such as net-zero plans will be enforced has "not mitigated the issues created by the legislation ... in fact it may have exacerbated them," according to an accounting body.