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Swiss regulator consults on requiring nature-related scenario analysis
02 February 2024Switzerland's financial markets regulator has published an outline of supervisory expectations to require scenario analysis to identify and manage the most material nature-related financial risks.
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German opposition to CSDDD text threatens to torpedo legislation
01 February 2024Germany's finance and justice ministers have publicly opposed the text of the landmark Corporate Sustainability Due Diligence Directive (CSDDD), raising the prospect that the EU's largest economy could sabotage adoption of the legislation.
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'Big divergence' between implied temperature rise metric providers, ABN Amro says
01 February 2024There is significant inconsistency in the outputs of implied temperature rise (ITR) metrics from major providers, according to ABN Amro - meaning investors should take these scores with a "pinch of salt," and regulators should step in.
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IOSCO should oversee ESG data and ratings principles for regulators, S&P suggests
31 January 2024The International Organisation for Securities Commissions (IOSCO) should develop a centralised set of principles for good conduct by ESG data and ratings providers, a senior executive at S&P has recommended.
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Canadian version of CA100+ to push companies for near-term climate targets
30 January 2024A collaborative engagement initiative focused on high-emitting Canadian companies not captured in the Climate Action 100+ (CA100+) initiative is set to ask for more detailed near-term emissions targets, according to an investor member.
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Bregal's impact arm launches nature strategy, appoints Silvani
30 January 2024Bregal Sphere, the impact investing arm of private equity firm Bregal Investments, has launched a nature strategy.
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PAI broadens its sustainability lens to include water
30 January 2024Private equity firm PAI Partners has added water to its sustainability assessments, in recognition of its importance to its portfolio, Environmental Finance has learned.
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EU expert group to examine how to hardwire taxonomy into transition plans
29 January 2024An EU-mandated expert group is to advise the EU how criteria from its sustainability taxonomy can be "systematically integrated" to improve comparability and credibility of organisations' climate transition plans.
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EU Platform begins transition plan work as it denies EU neglects issue
29 January 2024A commonly held perception that the EU's sustainable finance framework does not support 'transition' activities is "wrong", the chair of an independent EU advisory group has said, as it begins work on what good transition plans look like.
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Texas brands Barclays 'fossil fuel boycotter' alongside muni bond ban
29 January 2024The Attorney General of Texas has banned Barclays from underwriting municipal bonds in the oil rich US state after it classified the UK-listed bank as being a "fossil fuel boycotter".