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UBS: EU's Corporate Sustainability Due Diligence Directive is complex and challenging
05 June 2023The EU's proposed Corporate Sustainability Due Diligence Directive will be "very complicated" for companies to comply with, UBS has warned.
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Greenhushing is just another form of greenwashing, says Australian regulator
05 June 2023The chair of Australia's regulator has criticised 'greenhushing' - whereby companies do not publicly communicate their sustainability strategy - as "just another form of greenwashing".
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'Ground-breaking' CSDDD rule secures European Parliament approval
02 June 2023The EU Corporate Sustainability Due Diligence Directive (CSDDD) has secured approval from the European Parliament that will require companies to implement climate transition plans and disclose the impact of their value chains on human rights and the environment.
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ESMA: Enhance transition finance to prevent greenwashing
02 June 2023The European Securities and Markets Authority (ESMA) has recommended that the EU consider sharpening up recognition of 'transition' finance and better align legislative use of what constitutes 'significant harm' in order to prevent 'greenwashing'.
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ESMA, EIOPA: Regulatory frameworks causing greenwashing
01 June 2023The European Securities and Markets Authority (ESMA) and European Insurance and Occupational Pensions Authority (EIOPA) have said the challenges of implementing sustainability regulation may lead to greenwashing.
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ExxonMobil, Chevron investor support for shareholder climate resolutions fall
01 June 2023Investor support for shareholder climate resolutions urging Chevron and ExxonMobil to set greenhouse gas (GHG) emissions reduction targets has fallen since last year, following limited progress at their European counterparts.
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MAS to consult on coal-phase out within Singapore taxonomy
31 May 2023The Monetary Authority of Singapore (MAS) is to launch a consultation on the inclusion of managed phase-out of coal fired plants within Singapore's 'green' taxonomy.
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BNP Paribas AM welcomes pharma biodiversity good practice proposals
31 May 2023BNP Paribas Asset Management (BNP Paribas AM) has welcomed voluntary good practice guidance from an industry initiative aimed at reducing the biodiversity impact of the pharmaceutical sector.
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NGFS transition plan 'stocktake' due this week
30 May 2023The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) will publish its "stocktake" on transition plans this week, which one official said will demonstrate how "inconsistent" the global picture is.
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EU climate benchmark funds hit €58bn in assets
26 May 2023Funds managing assets in compliance with EU climate benchmarks have hit about €58.3 billion ($63 billion), according to estimates by the European Commission.
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Sustainable bond market risks fragmentation amid 'regulatory overload'
25 May 2023By Ahren Lester at the ICMA AGM in Paris
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Railpen welcomes proposed tightening of UK Corporate Governance Code
25 May 2023Pension fund Railpen has welcomed potential changes to the UK Corporate Governance Code to bolster the role of sustainability and ESG reporting in the responsibilities of company board and audit committees.
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Common-ground taxonomy to be expanded
24 May 2023The Common Ground Taxonomy (CGT) of sustainable activities is being extended beyond the EU and China, by the International Platform on Sustainable Finance, Ma Jun has said.
- Largest asset manager ESG funds oppose biodiversity proposals
- ESMA: Enhance transition finance to prevent greenwashing
- Biodiversity funding database FIRE prepares for launch
- Voluntary carbon markets not "going to be perfect", says VCMI
- 'Ground-breaking' CSDDD rule secures European Parliament approval
- People moves, 2 June: including BNY Mellon, GIIN, TNFD ... and more.
- Swedbank invests in biodiversity credit pilot and says market could exist in a year
- Electrification: The biggest opportunity in the history of capitalism?
- ESMA, EIOPA: Regulatory frameworks causing greenwashing
- Jefferies: Investors need better water dependency data