ESG

Public sector accounting standards setter splits workstreams

Sustainable finance rules 'fully consistent with' €800bn defence push, EU says

The EU's sustainable finance rulebook "is fully consistent with" a push to invest €800 billion ($920 billion) in defence, the European Commission said as it suggested it was ready to change sustainable investment disclosure rules to support its objectives.

NatureAlpha makes key hire to grow global reach

EU ESG Rating Regulation to penalise small firms and benefit 'big four'

The EU's proposed regulation of ESG ratings firms threatens to penalise smaller data providers and could drive market share to the big US firms that dominate the market, it has been warned.

Australian financial institutions to pilot sustainable finance taxonomy

The Australian Sustainable Finance Institute (ASFI) has published the Australian sustainable finance taxonomy covering "green and transition" activities - including those in minerals, mining and metals - which will now be tested by some of the country's largest financial institutions.

Danger of CSDDD repeal is real, says key architect of NFRD

The prospect of a full repeal of the EU Corporate Sustainability Due Diligence Directive (CSDDD) is real, a key architect of the bloc's foundational sustainability reporting rules has warned.

Fathom builds climate scenarios into flood risk models

Data provider Fathom has updated its flood risk modelling to include future climate scenarios, described as "a major milestone in the development of quantitative flood risk models".

TNFD to pilot test nature principles

The Taskforce on Nature-related Financial Disclosures (TNFD) has begun pilot testing a set of nature data principles before making recommendations for upgrading market access to decision-useful nature data at COP30 in Belem, Brazil later this year.

Key MEP proposes raising CSRD threshold to exclude more mid-sized firms

SEC withdraws ESG fund name rules

The US Securities and Exchange Commission (SEC) has formally withdrawn proposals to govern the information fund managers and advisers must provide when they market funds as having an environmental, social or governance (ESG) focus.

ISSB 'profiles' degree of alignment of national standards with its own

About 80% of jurisdictions that have said they will use the International Sustainability Standards Board (ISSB) standards plan "full adoption", according to analysis the board said illustrates "the high degree of alignment" with its work.

Clean Industrial Deal's transformative potential overshadowed by Omnibus, says Schroders

The transformative potential of the EU's Clean Industrial Deal (CID) has been overlooked in public discourse, in part because of the emotive debate about the Omnibus regulatory simplification package, according to Schroders' head of public policy for Europe.

Deutsche Bank: Reporting hundreds of KPIs under CSRD a 'waste of time'

From Peter Cripps in Hamburg

ISSB's proposals would limit accountability in financial industry, PCAF says

Proposals to allow entities to omit finance-related emissions from their reporting would "lead to limited accountability for the climate impact of financial transactions,"...