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UK confirms plans to join EU in regulating ESG ratings providers
15 November 2024The UK government has confirmed it plans to regulate ESG ratings providers to ensure transparency, good governance, managing conflicts of interest, and proper systems and controls.
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IOSCO encourages regulators to clarify issuers' liability for transition plans
14 November 2024Standard setters and regulators have been "encourage[d]" to provide "markers on what would constitute forward-looking information" to show preparers of transition plans the extent of information they can provide without expecting to be sued.
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Iceberg Data Lab launches deforestation tool
14 November 2024Iceberg Data Lab (IDL) has launched a tool assessing the deforestation risk of 3,500 listed companies.
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Investors urge EU against delaying deforestation regulation
13 November 2024Institutional investors have urged the European Parliament to reject a request to delay the EU Deforestation Regulation, saying it would unfairly "disadvantage countries and companies that have moved promptly to prepare for the new requirements".
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Acciona: Scope 3 metrics should be 'action-oriented'
13 November 2024Spanish infrastructure conglomerate Acciona argues that Scope 3 emission metrics should be "revisited" to focus on securing actions rather than just satisfying reporting to make them more usable and impactful.
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Climate disclosure 'stagnated' in anticipation of reporting rules, Australian regulator finds
13 November 2024Australian financial institutions' disclosure of climate-related risks has "stagnated" compared to previous years, a trend which the regulator suggests was due to organisations waiting for more clarity on greenwashing and disclosure rules.
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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.