News

BoE climate test estimates potential £350bn loss

ESMA: ESG funds cheaper and outperform conventional peers

Environmental, social and governance (ESG) funds outperformed their conventional non-ESG peers while also being cheaper, according to a European Securities and Markets Authority (ESMA) study.

TNFD reveals pilot tests as it readies second edition

The Taskforce on Nature-related Financial Disclosures (TNFD) has revealed plans to pilot test its framework, as it prepares to publish a second iteration next month.

SEC charges BNY Mellon for 'misstatements and omissions' on ESG

The US Securities and Exchange Commission (SEC) has charged BNY Mellon Investment Adviser, Inc. for "misstatements and omissions about environmental, social and governance (ESG) considerations".

IFRS Foundation 'at odds' with academics on sustainability standards

The IFRS Foundation has been criticised for failing to consider the views of academics as it prepared to devise global baseline sustainability reporting standards.

Aggregate ESG ratings should be abolished

Aggregated environmental, social and governance (ESG) ratings should be abolished, according to a survey, as results show that market participants "do not speak the same language" on what ratings are or should be.

HSBC rejects comments by its head of RI about climate

HSBC has distanced itself from the remarks of a senior employee who delivered a controversial speech about 'Why investors need not worry about climate risk'.

Australian election a 'climate reset', says IGCC

EBA advised to steer clear of adding climate Pillar 1 requirements

EU regulators studying how to better capture climate risks in capital requirements risk penalising banks in jurisdictions with tougher climate regulation, according to an advisor.

Video: NN Investment Partners' Isobel Edwards on ESG data for the GSSS bonds market