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Investors urge Exxon to drop 'silencing' climate action lawsuit
09 February 2024Investors have urged ExxonMobil to drop a lawsuit against shareholders who filed a resolution calling on the oil major to set more ambitious emissions reductions targets.
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'Sleeping' sustainability-linked leveraged loans 'need to be stamped out'
09 February 2024The unwelcome resurgence of 'sleeping sustainability-linked' leveraged loans - which are signed before key sustainability provisions are finalised - needs to be "stamped out" in 2024, according to Fitch Solutions-owned Covenant Review.
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EU agrees ESG ratings regulation text, plans to consider extending it to ESG data
06 February 2024The EU has agreed the text for regulating providers of ESG ratings and said it will in future review whether to extend the regulation to cover providers of ESG data products.
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ESG fund launches in 2023 'down but not out', says Barclays
06 February 2024The number of environmental, social and governance (ESG) fund launches fell sharply in 2023, with passively managed funds bearing the brunt of the slowdown.
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Rise of climate solutions is blurring lines between industries, AI analysis suggests
06 February 2024Companies are investing more in 'climate solutions' such as battery storage and energy efficiency, in a trend that is increasingly "blurring the lines" between industries and bringing into question whether financial analysts can rely on historical assumptions, according to analysis of disclosures.
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EU regulator sounds 'impact washing' alarm call
02 February 2024Funds that purport to contribute to the UN Sustainable Development Goals (SDGs) have been found to "not significantly differ" to peers that do not make such claims, in analysis by the European securities regulator.
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Swiss regulator consults on requiring nature-related scenario analysis
02 February 2024Switzerland's financial markets regulator has published an outline of supervisory expectations to require scenario analysis to identify and manage the most material nature-related financial risks.
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German opposition to CSDDD text threatens to torpedo legislation
01 February 2024Germany's finance and justice ministers have publicly opposed the text of the landmark Corporate Sustainability Due Diligence Directive (CSDDD), raising the prospect that the EU's largest economy could sabotage adoption of the legislation.
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'Big divergence' between implied temperature rise metric providers, ABN Amro says
01 February 2024There is significant inconsistency in the outputs of implied temperature rise (ITR) metrics from major providers, according to ABN Amro - meaning investors should take these scores with a "pinch of salt," and regulators should step in.
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IOSCO should oversee ESG data and ratings principles for regulators, S&P suggests
31 January 2024The International Organisation for Securities Commissions (IOSCO) should develop a centralised set of principles for good conduct by ESG data and ratings providers, a senior executive at S&P has recommended.