Policy

ESMA fund guidelines may be headwind for sustainable bonds, says Abrdn

The recently published sustainable fund naming guidelines published by the European Securities and Markets Authority (ESMA) could dampen demand for labelled sustainable bonds, according to Abrdn.

Carbon pricing revenues exceeded $100bn in 2023, says World Bank

Revenues from carbon pricing exceeded $100 billion in 2023, the World Bank has found, but it warned policymakers are not moving fast enough to put a price on carbon.

CSRD will see 'explosion' of quality ESG data, says AllianzGI

The first round of reports in line with the EU's Corporate Sustainability Reporting Directive (CSRD) will see an "explosion" of quality sustainability-related data that will help asset managers prove to clients the value of sustainable investing, according to AllianzGI.

Investors 'need direction from policymakers' on transition

Policymakers have been urged to provide clear transition pathways and identify a "most likely scenario" to help investors develop their own transition plans.

More than 40% of ESG funds would breach ESMA naming rules, ClarityAI says

More than 40% of funds using environmental and impact terms are invested in assets that breach exclusionary criteria in new EU fund name rules, potentially requiring managers to change their fund's name or divest assets, ClarityAI has said.

Gresham House urges UK government to "provide reassurance" on biodiversity net gain

Gresham House has called on the UK government to provide further reassurance on the implementation of the Biodiversity Net Gain legislation, to help scale up private-sector involvement.

Emissions disclosure gaps key sign of untrustworthy transition plan, says PGIM

"A lot of" companies still fail to disclose their Scope 1 and 2 greenhouse gas (GHG) emissions despite having set targets to reach 'net zero' - a red flag that their transition plans may be unreliable, according to a major asset manager.

Capital markets union essential for EU's climate transition, says head of French central bank

Europe needs to unlock hundreds of billions of euros by finalising the Capital Markets Union (CMU) and harnessing Europeans' private savings for investing in the climate transition, according to a prominent central banker.

Working group to develop ESG ratings, data products code of conduct for Hong Kong

ESMA name rules important step in unlocking transition finance, says BNPP AM

Improved clarity from regulators on what constitutes a sustainable investment is a pre-requisite for unlocking widespread investment in 'transition' assets to reach net zero, according to the CEO of one of Europe's largest asset managers.

UK public spending watchdog highlights risk of biodiversity net gain scheme

A report by the UK's National Audit Office has highlighted risks to the long-term effectiveness of the government's biodiversity 'net gain' scheme in England.

G20 needs to step up on biodiversity and back TNFD, says GFANZ's Ravenel

The G20 needs to take a lead on addressing biodiversity loss, a representative of a major investor coalition has argued.

NGFS publishes recommendations on sustainable investment for central banks

Extent of Fed's future focus on climate 'hinges on' US election

The likelihood of a follow-up climate scenario analysis or even a first stress test exercise by the Federal Reserve could hinge largely on the outcome of the US federal election in November, a consultant has predicted.

UK government announces delayed timeline for ISSB-endorsement

The UK government aims to have UK-endorsed ISSB standards available in Q1 2025, according to an HM Treasury update published today (16 May), having originally planned to have these standards ready by June 2024.