Policy

Philip Lee expands into US amid expected carbon removal boom

Irish law firm Philip Lee is expanding into North America, as it prepares for growing interest in and expansion of the Direct Air Capture (DAC) market.

EU countries agree to 'stop the clock' on CSRD reporting

EU nations agreed their negotiating position on a proposal to 'stop-the-clock' on the application of Corporate Sustainability Reporting Directive (CSRD) requirements for some companies and the transposition deadline of due diligence provisions.

FCA asks ESG ratings providers to help it draw up regulation

Taxonomy cuts to 'significantly damage' sustainable investment market, warn EU advisers

The EU has been warned by its expert advisers that proposed cuts to its sustainability taxonomy will have negative 'ripple effects' on the Sustainable Finance Disclosure Regulation (SFDR) and constrain the market for sustainable and transition investments.

Trade associations launch 'refreshed' sustainable loan principles

Influential loan market associations have published an updated set of the widely used sustainable loan principles, with the most substantial changes made to the Sustainability Linked Loan Principles (SLLP).

UK government recommits to BNG

UK Environment Minister Steve Reed has recommitted to Biodiversity Net Gain (BNG) requirements amid concerns that the 'landmark' legislation could be dropped.

National Wealth Fund must bridge UK transition financing gap, says Phoenix

The UK's National Wealth Fund needs to bridge the financing gap between transition-focused local infrastructure projects and institutional investors, one of the UK's biggest pension providers has argued.

Reliance on taxonomy would be ill-advised in overhauled SFDR, ICMA tells EU

The EU has been warned against a 'potentially reductionist approach' overly relying on its taxonomy at the expense of the theme of transition in an overhauled Sustainable Finance Disclosure Regulation (SFDR) by the International Capital Market Association (ICMA).

Canada, Japan targeted in PRI sovereign engagement initiative expansion

Canada and Japan are the next focus countries for the collaborative sovereign investor engagement initiative launched by the Principles for Responsible Investment (PRI).

UK 'actively considering' linking with EU ETS

QBE leaves NZAOA

French regulator to ensure sustainability regs consider defence

Slovenia launches 'pioneering' sovereign SLB framework and eyes June debut

Slovenia has published its "landmark" sustainability-linked bond (SLB) framework as it prepares to become the first European sovereign to issue the performance-based instrument.

US SEC delays anti-greenwashing 'names rule' compliance deadline by six months

Australian court imposes AUD11m fine on Active Super for greenwashing