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SEC dropping Scope 3 disclosure requirement will not prevent legal action, lawyer warns
26 February 2024The US Securities and Exchange Commission (SEC)'s reported plan to drop a requirement that would require publicly listed companies to disclose value chain emissions will not protect the government agency from legal action, a lawyer has said.
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Investors have 'sleepless nights' over net zero targets tied to estimated data
26 February 2024Institutional investors lose sleep over net zero targets for which progress reporting is tied to huge volumes of estimated data, particularly data relating to greenhouse gas (GHG) emissions from a company's value chain, a conference heard.
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Faber issues rallying cry as regulators diverge from ISSB, jeopardising its mission
23 February 2024The chair of the International Sustainability Standards Board (ISSB) has issued a "call to action" for regulators to unite behind by the organisation's standards, warning that divergence from them threatens to undermine its mission.
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Switzerland encouraged to use debt-for-nature swaps
23 February 2024The Swiss government has been encouraged to help scale up private investment in biodiversity, either through providing first-loss capital or developing debt-for-nature swaps.
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Bank of America CEO pleas for regulatory consistency on ISSB adoption
22 February 2024Bank of America's CEO urged regulators not to diverge from the IFRS Sustainability Disclosure Standards, as the banking head warned that doing so would deepen confusion of an 'alphabet soup' of sustainability reporting.
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Indonesia includes coal in green and transition taxonomy
21 February 2024Indonesia has taken the controversial decision to include the financing of new coal power plants as a transitional activity in its sustainable finance taxonomy.
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Foresight calls for woodland's inclusion in UK ETS
21 February 2024Foresight Sustainable Forestry Company has called for the inclusion of woodland carbon credits in the UK Emissions Trading System (ETS), to help raise prices and encourage land to be switched from agricultural production to afforestation.
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EU one step closer to 'world first' carbon removal certificate
20 February 2024The European Council and Parliament has provisionally agreed to set up a 'first of its kind' carbon removal certification framework, in a bid to give carbon removal projects more credibility.
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Performance in Covid period shows resilience of ESG investing, ESMA research says
20 February 2024ESG-themed listed equities funds tended to have better financial performance and higher inflows than their peers at the height of Covid-19 - indicating the resilience of the investment style in periods of extreme financial stress, according to research by a regulator.
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Include climate transition risk in capital requirements, ECB research says
20 February 2024Regulators should include climate-related transition risks in calculations for banks' capital requirements, according to research by the European Central Bank (ECB).