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German Chancellor calls for 'complete repeal' of EU CSDDD
12 May 2025German Chancellor Friedrich Merz has called for a "complete repeal" of EU directives including the Corporate Sustainability Due Diligence Directive (CSDDD).
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NBIM calls on EU to copy ISSB in overhauled corporate reporting standards
09 May 2025The EU should adopt 'identical' terminology and metrics from International Sustainability Standards Board (ISSB) standards in European Sustainability Reporting Standards (ESRS) where they address the same matters, managers of the $1.7 trillion oil fund have urged.
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EBA hints it will resist calls to delay ESG scenario analysis rules amid CSRD overhaul
09 May 2025Rules for EU banks to conduct routine 'ESG scenario analysis' "cannot depend directly" on corporate reporting rules, their regulator said in response to calls to delay introduction while the bloc overhauls its Corporate Sustainability Reporting Directive (CSRD).
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Biggest drawback of CSA's disclosure 'pause' is delay to assured data, investor says
08 May 2025Investors expecting an uplift in the quality of climate-related data face a longer wait for this to be independently assured and brought on par with conventional financial disclosures, after Canadian regulators' decision to 'pause' rules, according to Mackenzie Investments.
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Environmental Finance's Sustainability Data conference returns to New York next week
08 May 2025The conference on 14 May, now in its third year in the US, will hear about the latest trends in sustainability data
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US flood risk analysis reveals 'material blind spot' for investors
07 May 2025A new flood data tool has revealed that an average of 60% of losses in the US mainland occur outside federally defined zones, meaning that investors' exposure may be "materially underestimated, putting portfolios at risk".
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RBC's ditched target feeds debate on chilling effect of Competition Act
06 May 2025RBC's decision to ditch a CAD500 billion ($363 billion) 'sustainable finance commitment', citing recent changes to Canada's anti-greenwashing rules, has fed debate about how such rules can be effective without having a chilling effect on disclosures.
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Curbing reach of CSDDD may be part of US trade negotiations, says Chamber of Commerce
02 May 2025US President Donald Trump is concerned at the "extra-territorial" reach of the EU's sustainability due diligence rules, and the US may use trade negotiations with the bloc to try to reduce its scope, according to a senior official at the US Chamber of Commerce.
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'Calm down, have a cup of tea', says FCA head as he predicts more labelled funds
01 May 2025The Financial Conduct Authority (FCA)'s sustainable finance head has urged critics of its sustainability fund labelling and naming rules to "calm down", as he said the rules had reduced greenwashing, and promised many more funds were preparing to use labels.
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SDR brings long waits for authorisation and little hope it will drive inflows, survey reveals
01 May 2025Fund managers seeking use of a UK sustainability label face an "authorisation process ... [of] longer than 20 weeks" in some cases, with many firms abandoning their plans after beginning the process, results of a survey revealed.