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Malaysian central bank sets climate disclosure, stress test as top priorities
26 January 2022The central bank of Malaysia has identified climate risk among its top five priorities for its work to 2026, with plans for mandatory climate-related disclosures, a climate stress test and a pledge to consider 'adjustments' to capital requirements to factor in climate risks.
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India readies regulation of ESG ratings providers
25 January 2022India's securities markets regulator has set out plans to regulate sustainability ratings and research providers, in a consultation paper on the topic.
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EU banks handed toughened ESG disclosure rules
25 January 2022New disclosure rules will require EU banks for the first time to report the amount of 'environmentally sustainable' assets they hold as a share of their overall portfolio.
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Commission risks undermining taxonomy regulation, warns EU Platform
24 January 2022European Commission proposals that would allow some nuclear and natural gas to be labelled as sustainable risk undermining fundamental precepts of the EU taxonomy regulation and should be reworked into an entirely new framework, an expert group appointed by the EU has warned.
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'Impact investment bank' enters administration
21 January 2022Impact 'investment bank' ClearlySo Limited has filed for voluntary liquidation, filings with the UK government show.
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UN impact standards gather momentum
21 January 2022Standards and an external assurance framework for identifying contributions to the UN's Sustainable Development Goals (SDGs) are set to take a leap forward this year, with the roll out of investor pilots of the framework, Environmental Finance has been told.
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Vanguard pledges to bring cost savings to impact market
20 January 2022US asset management giant Vanguard is to enter the impact fund market by rebranding an existing fund, in a move it said would bring cost benefits to investors.
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Exxon's net zero goal 'underwhelming, but sign of change'
20 January 2022ExxonMobil's newly-minted net zero 'ambition' will underwhelm many investors - but could be a sign that new board members are bringing positive change, according to commentators.
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Exxon's 'ambition' for net zero operational emissions
19 January 2022ExxonMobil has set an 'ambition' to reach net zero greenhouse gas (GHG) emissions from its own operations by 2050, months after a climate-themed investor revolt - but stopped short of setting plans to reduce emissions from use of its products.
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More data needed on ABS climate risk, says Banque de France
19 January 2022Data gaps mean it is not currently possible to measure the climate impact of asset-backed securities (ABS) used as collateral in the European Central Bank (ECB) asset purchase scheme, according to research by France's central bank.