News

EU draft disclosure rules risk undermining SFDR, investor group warns

An investor group has criticised the perceived weakening of draft European Sustainability Reporting Standards (ESRS) published by the European Commission, which the group warned would undermine investors' ability to meet their own reporting obligations.

TNFD pilot leads to calls for 'more guidance' on stress testing

More guidance is needed on stress testing, financial institutions who took part in a pilot of the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations found.

Guy Carpenter launches new investment structure for climate change insurance

Guy Carpenter and an academic from Queen Mary University of London have outlined a re/insurance structure, partly backed by private investors, "to facilitate improved financial resilience and loss prevention for climate change-related weather risks".

ImpactCubed launches ESG model portfolio developer

ImpactCubed has launched a model portfolio developer which it says can help investors track ESG and impact factors and boost positive sustainability impacts.

Mexican central bank: Credit 'highly dependent' on nature

An "important share" of the credit portfolio of banks in Mexico is "highly or very highly" dependent on nature, subjecting them to physical and transition risks, Banco de México said in a report.

Australia and New Zealand to align sustainable finance frameworks

Australia and New Zealand have agreed to align sustainable finance frameworks and coordinate climate-related disclosures.

NGFS says it will heed call for more detailed climate scenarios

Respondents to a consultation on climate-related scenarios say they want more detail on sector-level impacts as well as extra guidance on using the scenarios - a call the group developing the scenarios said will be answered later this year.

IFC: Biodiversity finance 'leapfrogging' climate

Biodiversity finance is progressing much faster than climate finance did, due to the tangibility of nature, an executive at the World Bank's private investment arm has said.

People moves 9 June including Sustainable Fitch, S&P Global, Robeco & more

BCG: Start reporting Scope 3, ahead of SEC rules, to gain competitive advantage

Proposed disclosure rules for US companies are likely to pose significant challenges - but those that prepare early could reap a competitive advantage, according to Boston Consulting Group (BCG).