Archive

ISSB proposes 'relief' from reporting some finance-related emissions

The International Sustainability Standards Board (ISSB) has proposed changes to its standards, to permit companies to omit disclosure of Scope 3 greenhouse gas (GHG) emissions linked to derivatives, facilitated emissions by investment banks, and insurance-associated emissions.

Space agency launches 'Earth observation' data initiative to propel nature finance

Financial institutions, corporates and academics have begun work to identify the best ways to use 'Earth observation' data to propel nature-positive finance toward the $540 billion of annual investment needed to meet international targets.

Canadian regulator 'pauses' climate disclosure rule, citing geopolitics

The Canadian Securities Administrators (CSA) has 'paused' work on rules to require public companies to prepare climate-related disclosures and amendments to existing diversity-related requirements, citing "the global economic and geopolitical landscape".

'Less burdensome' UK standards will put it ahead of EU in competitiveness race, official says

CSRD, SEC climate disclosure setbacks make rating climate risk harder, S&P warns

Setbacks to the planned introduction of sustainability reporting rules in the EU and US are likely to make assessing the climate-related credit risk of companies harder, a senior executive at S&P has said.

Delay EU climate scenario rules by a year to account for Omnibus, say German banks

Banks active in the EU will find it "practically impossible" to meet the current deadline to fully implement climate scenario analysis requirements by January, the Association of German Banks has told the European Banking Authority (EBA).

BP's climate row-back sparks shareholder rebellion at AGM

Nearly a quarter (24%) of shareholders voted against the reappointment of BP's chair, Helge Lund, which investors called an "unprecedented" show of dissent for the oil and gas company abandoning elements of its own climate strategy.

Railpen using CA100+ benchmark to push boards for climate lobbying transparency

UK pension fund Railpen has stepped up a push for companies to prove their lobbying practices are geared toward meeting net zero targets ahead of the current season of annual general meetings (AGMs).

GPIF sustainability policy an 'important signal' for Asia-Pacific transition

The creation of a formal sustainable investment policy by Japan's $1.8 trillion Government Pension Investment Fund (GPIF) sets an important signal for shareholder advocacy in the Asia-Pacific region, according to the Asia Investor Group on Climate Change (AIGCC).

Franklin Templeton launches two ESG-focused ETFs

Franklin Templeton has added two sustainability-focused index-tracking exchange-traded funds (ETFs) to its range.