Australia’s newly-released guidance on managing climate change risks doesn’t go far enough, environmental groups have said, criticising the lack of prescribed rules.
29 November 2021
Regulators and central banks have issued more climate-related commitments to coincide with COP26’s finance day, including preparations from the United Kingdom for becoming the world’s first “net-zero aligned finance centre” and the IFRS announcing plans for a single standard for sustainability disclosures.
04 November 2021
The UK’s prudential regulator has warned it plans to ramp up supervision of climate-intensive financing and levy higher capital requirements to compensate for climate risk in 2022, while the Financial Conduct Authority has announced its own refreshed ESG strategy.
29 October 2021
In-housers at Citi and Deutsche Bank have urged rapid regulation of the voluntary carbon market in the run-up to COP26 at an ISDA event in London, saying that it’s the only way to avoid greenwashing’s “kiss of death” – but they don’t want that regulation to come from government.
27 October 2021
Trade organisation ISDA has called for reform in the ESG-friendly investment sector, calling on market participants to adopt quantitative key performance indicators to verify that sustainability-linked derivatives meet their stated goals.
15 September 2021
European banks still lack any sort of “explicit and comprehensive” risk strategy for ESG, according to a report carried out by BlackRock on behalf of the European Commission – even as critics argue the asset manager failed to put aside its own interests in producing the report.
31 August 2021
Germany’s banking regulator has proposed tighter rules on when investment funds can label something “sustainable”, but a local industry group says the rules could damage the country as an investment location.
05 August 2021
SEC chair Gary Gensler has promised widely anticipated climate disclosure rule proposals will arrive this year and will move beyond the existing TCFD framework.
02 August 2021
Issuers of listed securities and asset managers will need to make climate disclosures under new FCA proposals, seeking to bring financial regulation in line with the UK’s 2050 net-zero goal.
24 June 2021
Industry figures have begun the push to influence the SEC’s plans for climate-related disclosures, which the regulator’s newly-released work agenda has slated for publication this autumn.
16 June 2021
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