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IFRS flags concern at lack of company reporting on expected impacts of climate change
12 November 2024A review of company reporting has found little progress on company reporting in areas including the impacts of climate change on their businesses, strategies and financial planning, raising concern that investors are being starved of information they need.
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UK's FRC downgrades 'environment and society' in updated definition of stewardship
11 November 2024The UK Financial Reporting Council (FRC) has downgraded the words 'environment and society' in a redefinition of stewardship under proposed updates to the country's Stewardship Code.
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Invesco to pay SEC fine for charge that it overstated ESG assets under management
08 November 2024Invesco has agreed to pay a $17.5 million fine to settle a charge by the Securities and Exchange Commission (SEC) that it misled clients by claiming that a higher percentage of its assets were 'ESG-integrated' than the investor could prove.
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'Boiling down' natural capital definition will help drive pension flows, says Redington
06 November 2024Simplifying the nuances of natural capital into broad, understandable themes will help pension funds to begin understanding and allocating towards the theme, a consultancy has claimed.
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NGFS says updated scenarios signal two-to-four-times higher physical impacts
05 November 2024The Network for Greening the Financial System (NGFS) group of central banks and supervisors has called for more ambitious policies to tackle the 'first order' risk of climate change, as its updated scenarios showed two-to-four-times bigger physical impacts than its previous iterations.
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Transition plan guidance published for EU disclosure rules
05 November 2024Draft guidance has been published to help organisations preparing to report in line with EU disclosure regulations create climate mitigation transition plans.
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EU green bond market expected to 'pick up' after recent share 'dip'
05 November 2024The European Environment Agency (EEA) expects the share of corporate and government green bonds in the EU bond market to "pick up" in the future after 2023 saw the first decline in market share contraction since 2018.
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Members network to push for 'global norms' on transition plans after TPT disbands
04 November 2024A membership network is set for launch that will "support the development of global norms for transition plans", the Transition Plan Taskforce (TPT) revealed in a report marking the end of the taskforce.
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French central bank devising 'indicator' of climate transition plans and progress
04 November 2024A 'climate indicator' France's central bank is developing "should become the most accurate tool" for assessing companies' decarbonisation plans and their progress on implementing climate transition measures, according to Banque de France's first deputy governor, Denis Beau.
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Gaps remain despite progress on PAI reporting, as regulators told to step up scrutiny
01 November 2024Gaps remain in financial institutions' reporting of the 'principal adverse impacts' (PAIs) of investments, and despite gradual improvements in some areas EU regulators were told to "increasingly challenge" investors on their reporting.