Archive

Natural capital focus sees Norway, Netherlands punished in sustainability ranking

Norway and the Netherlands were among the countries that dropped sharply in the 2020 sovereign sustainability analysis undertaken by Candriam, after the asset manager weighted its scoring model more on how countries manage natural capital.

IFRS intends to announce 'sustainability standards board' at COP26

The trustees of the International Financial Reporting Standards (IFRS) Foundation intend to publish in September a road map for the creation of a 'sustainability standards board', with a view to formally announcing the initiative at COP26 in November.

ESMA calls on EU to address consolidation in ESG data industry

The European Securities and Markets Authority (ESMA) has called on the EU Commission to tackle issues created by consolidation in the ESG ratings sector in its upcoming Renewed Sustainable Finance Strategy (RSFS).

TCFD advised to abandon implied temperature rise metric

The Task Force on Climate-related Financial Disclosures (TCFD) secretariat should not include in its list of recommended disclosures estimates of the 'climate warming potential' of assets, according to the Transition Pathway Initiative (TPI).

News round-up: NextEnergy plans investment trust IPO; Gresham House Energy Storage fund; Macquarie; and more...

UK pension funds to be required to publish TCFD reports

Large UK pension funds are set to be required to report in line with the recommendations of the Task Force on Climate-related Financial Disclosures from October.

Banks face 'risk of errors' in applying EU Taxonomy

An investigation by the European Banking Federation (EBF) and UNEP FI into the impact of the EU Taxonomy on retail and corporate banking found that its complexity leads to a risk of errors when applying it.

ELFA and PRI launch guidance on ESG disclosure

The European Leveraged Finance Association (ELFA) and the Principles for Responsible Investment (PRI) have released joint guidance on ESG disclosures for sub-investment grade corporate borrowers.

BlackRock takes minority stake in Clarity AI

BlackRock has made a minority investment in US-based sustainability analytics platform Clarity AI. Its technology will be integrated into BlackRock's own portfolio management software Aladdin.

Reporting organisations invite EU, IFRS collaboration

Five organisations working to create a globally accepted comprehensive corporate reporting system have invited the EU and the International Financial Reporting Standards (IFRS) Foundation to contribute to their work on harmonisation.