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Omnibus opportunity to broaden EU taxonomy use via 'simplification', LSEG suggests
16 January 2025Plans by the EU to reduce sustainability reporting requirements are an opportunity to simplify the bloc's taxonomy so it can be more widely used by large institutional investors such as pension funds, according to the London Stock Exchange Group (LSEG).
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EU sustainability omnibus regulation 'like opening Pandora's box'
15 January 2025The EU faces a complicated task balancing its drive for 'simplification' of sustainability reporting with ensuring it does not adversely affect a complex network of regulations linked to the EU Green Deal - a move one observer likened to "opening Pandora's box".
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More blended finance vehicles needed for net-zero, says London Mayor's office
14 January 2025Public-private partnerships need to be 'bigger and more ambitious' to help hit national sustainability targets, the Mayor of London's office has claimed.
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Regulators divided on value of transition plans for ensuring financial stability
14 January 2025Financial regulators globally are divided on whether climate transition plans should be used to assess financial institutions' risk management, according to a report by the Financial Stability Board (FSB).
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NZAM halts activities in 'fit for purpose' review following BlackRock exit
14 January 2025The Net Zero Asset Managers initiative (NZAM) has launched a review to ensure it remains "fit for purpose in the new global context" following news of BlackRock's departure last week.
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GHG Protocol should tell companies which Scope 3 emissions are material, says GMO
13 January 2025International standard setters should clarify which disclosures companies are expected to provide from activities in their value chain, as such information is often too sparse for investors to compare, GMO's sustainability head has suggested.
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Airline pension plan breached fiduciary duty with BlackRock ESG strategy, US judge rules
13 January 2025American Airlines breached the fiduciary duty it owed its pension plan clients under US federal law by selecting BlackRock, because it allowed the latter's "ESG interests" - rather than just its financial interests - to influence investment decisions, a judge ruled.
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BlackRock bows to legal threats and departs net zero initiative
10 January 2025BlackRock has left the Net Zero Asset Managers (NZAM) initiative, citing "legal inquiries from various public officials" in the US attacking its stated focus on climate finance.
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'Maturing' Chinese ESG ratings market prepares for 'significant' changes in 2025
08 January 2025The increasingly mature Chinese environmental, social and governance (ESG) rating industry looks set to experience significant changes in 2025, according to a major market participant
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Number of funds using FCA sustainability labels rises to 39, with more in pipeline
08 January 2025The number of UK funds to have confirmed that they will use one of four sustainable investment labels has increased to 39, Environmental Finance has learned.