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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.
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SEC likely to withdraw climate rules, former Commissioner predicts
26 November 2024The Securities and Exchange Commission (SEC) under Donald Trump is likely to withdraw a proposed rule governing climate-related financial disclosures by US companies, a former commissioner has predicted.
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Omnibus regulation being considered to simplify sustainability rules, Commission says
26 November 2024Work to "simplify" sustainability disclosure rules "might result in omnibus amendments ... that seek to amend several acts", a spokesperson for the European Commission said, following reports suggesting such a move sparked concern among commentators.
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Iceberg launches sovereign climate and biodiversity dataset
25 November 2024Iceberg Data Lab (IDL) has launched a dataset assessing the "true impact" of 120 countries on climate change and biodiversity impact, including their progress towards the Paris Agreement goals.
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Republicans could back US CBAM but SEC climate rule unlikely to survive, Ceres says
25 November 2024A Trump-led Republican Party could support the development of a carbon tax on imports, even as it pushes to deregulate and cut other climate-related measures, according to Ceres.
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EU sustainability 'omnibus' regulations 'like a bad omelette'
25 November 2024The EU plans to combine a trio of major sustainable finance-related disclosure rules into a combined 'omnibus' regulation risks just consolidating rather than correcting problems with the existing regulations, a senior sustainable finance executive in Asia told Environmental Finance.
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EU proposal to bring sustainable finance rules into single regulation risks 'chaos'
22 November 2024Suggestions that the EU could bring sustainable finance-related disclosure rules into a single, 'omnibus' regulation to "reduce the reporting burden" risks unnecessary chaos, thinktank E3G has said.
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La Banque Postale invests in ESG data startup
20 November 2024Financial services group La Banque Postale has invested - via its venture capital fund, 115K - in a French ESG-focused fintech start-up.