ESG

Australian companies are "lagging in their climate ambition", according to assessments by Climate Action 100+ (CA100+).

The EU's securities markets regulator has said it will "seek to improve the overall consistency and efficiency of the regulatory framework" governing sustainable finance in its 'strategic priorities' for next year, as it awaits the result of a review of the Sustainable Finance Disclosure Regulation (SFDR).

US politicians have hijacked the ESG debate, making the job of insurers to manage their climate risk much more difficult, according to panellists at the Insurance Risk and Capital Americas 2023 conference.

International adoption of the Taskforce on Nature-related Financial Disclosure (TNFD) disclosure recommendations "must go faster" than adoption of the equivalent framework for climate, a junior minister at the UK treasury has urged.

The recently released recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) will need to be "filtered" before being integrated into the standards created by the International Sustainability Standards Board (ISSB), one of the IFRS Foundation's directors has suggested.

ISS ESG has for the first time requested public feedback on its ESG Corporate Ratings, to inform its development of the product "in a rapidly evolving regulatory landscape".

Additional disclosure points in the Taskforce for Nature-related Financial Disclosures (TNFD) final disclosure framework, which look to further identify social factors and 'priority locations', have been welcomed by ESG data providers.

The US Securities and Exchange Commission (SEC) is to require funds claiming environmental, social and governance (ESG) characteristics to prove they invest in line with the claim, under changes to its Names Rule designed to "prevent misleading or deceptive investment fund names".