ESG

Commission weighing merits of two options for SFDR fund categories

The European Commission is weighing the merits of two options for a fund categorisation system in an overhauled Sustainable Finance Disclosure Regulation (SFDR), as it looks for inspiration from the UK and existing European fund labels.

Biodiversity monitoring firm raises £700,000

No fines for non-compliance in first year of California climate reports, regulator says

Switzerland consults on requiring 'net zero roadmaps' in sustainability reports

Hong Kong sets timeline for ISSB adoption

'Now is not the time to take the easy path' on disclosure, Mary Schapiro tells EU

The EU has been advised not to take "the easy path" as it considers cutting the sustainability reporting requirements, by one of the architects of the Task Force on Climate-related Financial Disclosures (TCFD).

Abris exits Perhart Group to INVL Baltic fund

EFRAG asks for clarity on what omnibus means for its sustainability standards

A leading figure at the EU's corporate reporting adviser has pleaded for clarity from the European Commission on what rumours of upheaval to sustainability reporting frameworks will mean for its own work.

'Dense and difficult to understand', French regulator says of taxonomy disclosures

French banks and insurers have been told by their regulator to improve their taxonomy reporting after it criticised "dense and difficult to understand" disclosures that also omitted information that was required.

TPI flags 'shortage of disclosure' on transition planning as it expands coverage

IOSCO urges ISSB-EU agreement on coherent sector-specific standards

Sector-specific sustainability disclosure standards currently being devised could undermine the 'global baseline' for reporting, the head of an influential global association of regulators said.

BNP Paribas urges data providers to improve biodiversity metrics

BNP Paribas Asset Management is urging data providers to provide investors with better data points on biodiversity loss.

Advisory committee finalises recommendations on UK ISSB adoption

In its final meeting before offering its recommendations to the UK government on ISSB adoption, on 5 December, the UK Sustainability Disclosure Technical Advisory Committee (TAC) rejected a proposal to include an additional disclosure requirement on financed emissions.

Ethics standards for sustainability assurance approved