Topic: ESG

White House mulling climate standards for energy-intensive crypto

US president Joe Biden’s administration has urged a closer look at the climate impact of crypto, as Ethereum prepares for a major change to its processes designed to slash its carbon footprint.

12 September 2022

EU sustainability reporting standard could mean “information overload”, consultees say

Sustainable investing groups have praised the EU’s draft Sustainability Reporting Standards, whose consultation period closed this week, but banking groups have called for a delay in implementation.

10 August 2022

Data availability concerns persist as ESG amendments to MiFID II enter force

New EU rules integrating ESG into MiFID II requirements have come into force, despite warnings from industry that the data needed for effective compliance is still not available.

08 August 2022

EBA finalises data collection plans for remuneration and gender pay gap information

The EBA has announced its finalised guidelines for the collection of gender-focused remuneration and salary data, set to come into force next year.

04 July 2022

Basel focuses on pay in new climate risk standards

Internationally active banks should align their pay with climate risk, the Basel Committee on Banking Supervision has said, as it issues its final rulebook on the subject.

17 June 2022

The green bubble: why BIS thinks we can’t rely on banks to drive a transition

In a new paper, senior figures at the Bank for International Settlements say it is “unrealistic” to expect the banking industry to provide resources for a green transition in the absence of government policy.

15 June 2022

Less than half of Australian banks assessing emissions, APRA’s Byres says

The head of Australia’s prudential regulator has criticised banks for not keeping to climate guidance, as the country elects new leadership in what was dubbed the “climate election”.

01 June 2022

SEC proposes “intentionally inflexible” ESG fund rules

The US’ securities regulator has proposed tighter disclosure requirements for funds focused on ESG investments, in a set of proposals described by a dissenting commissioner as “intentionally inflexible”.

30 May 2022

BNY Mellon investment arm fined over ESG claims

The US Securities and Exchange Commission has fined Bank of New York Mellon’s investment arm for allegedly misstating and omitting information about its environmental, social and governance (ESG) investment considerations.

25 May 2022

“Lots of greenwashing” hampering Net Zero plans, senior FCA regulator tells ISDA event

The UK Financial Conduct Authority’s head of ESG has warned that banks must be more realistic with their plans to achieve Net Zero carbon emissions by 2050, in remarks to the International Swaps and Derivatives Association annual general meeting in Madrid.

11 May 2022

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