News

'Ground-breaking' CSDDD rule secures European Parliament approval

The 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.

ESMA: Enhance transition finance to prevent greenwashing

The 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'.

Largest asset manager ESG funds oppose biodiversity proposals

The sustainability funds of BlackRock, Vanguard and State Street Global Advisors voted against or abstained from most biodiversity-related shareholder proposals, between 2010 and the end of 2022, according to analysis from Planet Tracker.

ESMA, EIOPA: Regulatory frameworks causing greenwashing

The 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.

Jefferies: Investors need better water dependency data

Corporate data on water dependencies needs to improve to enable investors to understand water-related risks, an executive at the research arm of US investment bank Jefferies has said.

Loan round-up: SSEN Transmission, Tui, Faerch ... and more

ExxonMobil, Chevron investor support for shareholder climate resolutions fall

Investor 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.

NGFS publishes report taking stock of transition plans

The Network of Central Banks and Supervisors for Greening the Financial System (NGFS) has published a review of financial institutions' transition plans - and ways to improve the process.

Bond round-up: Mercedes-Benz, automotive spotlight, Indonesia, UK ... and more

Institutional investors to buy carbon offsets in three years, developer says

Demand from institutional investors for carbon credits will increase in the next three to five years, a forestry project developer has said.