Archive

'Lower prices and policy uncertainty likely in wake of EU ETS reform'

A lower cost of emitting can be expected in the wake of the EU revealing details of its reform of its Emissions Trading Scheme (ETS) - but policy uncertainty remains and is likely to be the biggest determinant of prices in the short-term, an asset manager said.

California consults on changes to delayed climate reporting rule

The California Air Resources Board (CARB) has requested feedback on proposed changes to its climate disclosure rules, including a three-month delay to the first reporting deadline.

EBA publishes standards for ESG reporting by banks

MAS carrying out physical risk scenario analysis

The Monetary Authority of Singapore (MAS) is to conduct scenario analysis on the impact of acute physical risk on financial institutions.

Pure plays: 'We are not creating a new label'

The loan market is encouraged to innovate with financing using "streamlined" pure play company guidance, but a dedicated label is not envisaged. Ahren Lester reports

Japan's revised governance code a mixed bag, says L&G

Japan's overhauled Corporate Governance Code places more emphasis on shareholder dialogue, capital allocation and governance effectiveness than previously - but gaps include limiting key elements to 'illustrative guidance', L&G Asset Management said.

ECB extends climate risk treatment to bank loans pledged as collateral

The European Central Bank (ECB) will lower the financial value it attaches to bank loans accepted as collateral where they are linked to higher climate transition risks, in an expansion of its existing climate-related collateral treatment.

NY pension fund tells SEC not to abandon review of shareholder proposals

A major US pension fund has warned the Securities and Exchange Commission (SEC) against plans to permanently stop reviewing shareholder proposals, arguing that it risked a re-run of "chaos" this year.

EFRAG unveils non-EU ESRS - but 'equivalence' calls will have to wait

Standards for non-EU companies to report their sustainability impacts in line with EU rules have been unveiled - but discussions on whether international standards are recognised as 'equivalent' are not expected soon.

Companies 'caught between shifting political signals' on deforestation

Companies are grappling with growing investor expectations on nature and an uncertain regulatory regime, Akademiker Pension has told Environmental Finance, amid a move by the EU to limit the scope of its Deforestation Regulation by removing leather products.