Draft ESRS for non-EU companies unveiled

Draft European Sustainability Reporting Standards (ESRS) for reporting by companies based outside the EU but generating large revenues in the bloc have been published, in advance of a vote to approve them for consultation next month.

EU countries ready to give fossil fuels pass for SFDR transition category

EU countries could agree to include fossil fuel companies in a proposed 'transition' category for the Sustainable Finance Disclosure Regulation (SFDR), according to a near-final text sent for approval.

'China's version of SFDR will have significant impact'

New rules governing Chinese sustainable investment funds are expected to have a significant impact in the domestic market, with a minimum threshold for sustainable investments likely to help "assure the quality" of funds, according to an expert.

Use one set of sustainability datapoints across EU rules, pensions group urges

The EU should establish a unified 'core' set of sustainability datapoints and measurement approaches to be used across a range of financial regulations, PensionsEurope has argued.

NatureMetrics launches nature risk tool

China unveils sustainability reporting rules for asset managers

The Asset Management Association of China (AMAC) has published 'guidelines' for sustainable investment funds that set expectations to invest at least 80% of their assets in line with their sustainability objectives.

Bloomberg expands Transition Toolkit

AI risks are 'surging for financial institutions', finds RepRisk

Financial institutions expect the adoption of artificial intelligence (AI) to pose growing business conduct risks to their portfolios, according to a new report.

EU banks to be quizzed on climate-related 'financial turmoil' in stress test

EU banks are to be asked to report their exposure to climate-related physical and transition risks as part of an EU-wide stress test for the first time, the European Banking Authority (EBA) revealed.

Permira makes 'transformative investment' in CDP, as it becomes 'commercial entity'

Private equity giant Permira has invested an undisclosed sum in CDP, as the disclosure platform transforms from non-profit to a for-profit organisation.

Forestry industry captured GHG Protocol process, outgoing advisor alleges

Business interests unduly influenced the Greenhouse Gas (GHG) Protocol standard-setting process, a member of its independent standards board alleged in a letter announcing his resignation.

Better capex data is not a 'nice to have' for investors, webinar hears

While corporate capital expenditure (capex) data offers investors "a clear signal of low-carbon transition credibility", investors are increasingly demanding better data, an Environmental Finance webinar heard.

FCA proposes cuts to UK financial institution climate reporting rules

UK financial institutions would have to report less information on climate-related risks under proposals by their regulator to replace rules based on the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.

Singapore key testing ground for ISO transition plan rules, Fidelity says

Transition planning expectations set by Singapore's financial regulator will be a key test of the world-first international transition plan standard, according to Fidelity International.

Up to 450 US companies to report impacts under non-EU ESRS, says EFRAG

As many as 450 US companies are set to be in scope of EU rules that will require them to report their sustainability impacts, according to estimates by the European Financial Reporting Advisory Group (EFRAG).

Exemption for asset managers in ESRS 'creates a reporting vacuum'

The EU risks creating a "reporting vacuum" that undermines investors' data needs if it proceeds with a proposal to exempt asset managers' reporting under the Corporate Sustainability Reporting Directive (CSRD), observers warned.