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One-year delay to Deforestation Regulation agreed by EU Council, Parliament
04 December 2024The EU Deforestation Regulation will apply one year later than initially proposed, after agreement by the European Council and Parliament staved off proposals from right-wing politicians to water down the rules.
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NatureAlpha expands team amid 'soaring demand for nature data'
03 December 2024Data tech start-up NatureAlpha has unveiled a new CEO, as the business expands to deal with strong growth in demand for its products.
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Industry backs UK taxonomy in government study, despite vast cost of EU rules
03 December 2024Financial institutions and corporates have recommended the UK adopt a sustainability taxonomy like the EU's, despite laying out the vast cost associated with meeting the rules in the EU, in a study commissioned by the UK government.
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US braced for stifling impact of Trump presidency on bank climate regulation
03 December 2024Climate-related regulation of US banks is set to stagnate "at best" and faces the prospect of anti-ESG rulemaking at federal level, according to a prominent former regulator.
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Aviva fined by Luxembourg regulator over ESG failures
02 December 2024Aviva Investors Luxembourg has been fined €56,500 ($59,500) for failure to comply with disclosure laws in the country including not meeting its own sustainability-related exclusions policy, according to the Commission de Surveillance du Secteur Financier (CSSF).
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Investors insufficiently pricing tropical cyclone risks, warns Amundi
29 November 2024Investors have "begun" to price-in physical climate risks associated with tropical cyclones, but prices could fall further as media attention rises, research by Amundi has found.
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ISSB to develop nature standard, board member says
28 November 2024A member of the International Sustainability Standards Board (ISSB) has said he expects a standard on nature to be developed in "due course".
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Standard Life pension fund is 'first' to go all-in on UK SDR
28 November 2024Standard Life says its default pension scheme will become the "first" to align with the UK's Sustainable Disclosure Requirements (SDR), as it intends to allocate its capital to eight funds adopting the 'Sustainability Improvers' label.
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Texas sues BlackRock, State Street and Vanguard over ESG strategy on coal
28 November 2024Texas' Attorney General has sued BlackRock, State Street Corporation, and Vanguard Group, alleging they were "conspiring to artificially constrict the market for coal through anticompetitive trade practices" relating to their ESG strategies.
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Prospective omnibus regulation 'targeting wrong EU sustainability regulations'
27 November 2024The European Commission is targeting the wrong regulations as it aims to "reduce the reporting burden" for companies, according to an adviser in the European Parliament.