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NZAOA sets transition planning principles, policy engagement guidance
05 December 2023A $9.5 trillion group of asset owners has set out guidelines on designing 'credible' transition plans and on aligning lobbying and advocacy with decarbonisation goals, areas it said were "crucial, but often challenging, elements for working on net-zero commitments".
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'Greenhushing' punishable by regulators, IOSCO greenwashing paper says
04 December 2023Financial institutions under-reporting their sustainability credentials to evade investor scrutiny or regulatory requirements may be punished under existing regulations, according to a report by the board of the International Organisation of Securities Commissions (IOSCO).
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Financial markets may be undervaluing 'climate resilience' companies, BlackRock suggests
01 December 2023Financial markets may be underappreciating the prospects for companies that enable climate resilience, BlackRock has said, as it warned the cost of disaster rebuilding in the US alone could equate to the $39 billion of energy investments under the Inflation Reduction Act.
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EU Green Bond Standard poised for entry into law
01 December 2023 -
Net zero targets can oblige progress reporting in financial accounts, says IASB committee
30 November 2023Setting net zero commitments can oblige companies to report their performance against climate targets under existing financial accounting standards, according to the International Accounting Standards Board (IASB) interpretations committee.
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'More rigorous' standards see biennial review register big drop in sustainable assets
29 November 2023A big drop in the total assets judged as 'sustainable' globally has been reported in the latest in a series of biennial reviews, with tightened criteria in response to a "rise in greenwashing and greenhushing".
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ESAP regulation proceeds for adoption after Council sign-off
28 November 2023