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Canada publishes 'ISSB-aligned' standards, affords flexibility on timing of disclosures
19 December 2024A group of pension funds has welcomed publication by the Canadian Sustainability Standards Board (CSSB) of disclosure standards it says are aligned with international standards - but the CSSB drew criticism for giving flexibility on timing of disclosures.
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EU 'transition' benchmarks pitched to incentivise taxonomy-aligned capex spending
19 December 2024'Investing for transition' benchmarks have been pitched to the EU that would incentivise progressively greater capital expenditure (capex) in 'sustainable' activities linked to the EU taxonomy.
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German ministers propose vast cutbacks to CSRD
18 December 2024Senior ministers in the German government have called for European sustainability reporting requirements to be drastically cut back and delayed by two years, in a leaked letter to European commissioners.
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China and India join 31-member network for ISSB adoption in emerging markets
18 December 2024China and India are among 31 jurisdictions to join a newly launched network to support adoption of International Sustainability Standards Board (ISSB) standards in emerging markets.
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EU advisers push for sustainability, transition categories to replace SFDR Articles 8 & 9
17 December 2024The EU has been told it should create three categories of sustainable investment products to replace the existing Article 8 and 9 disclosure framework under the Sustainable Finance Disclosure Regulation (SFDR), by its expert Platform on Sustainable Finance
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Define impact investing in SFDR, EU Platform says
17 December 2024The EU should define impact investing so impact funds can be distinguished in an overhauled Sustainable Finance Disclosure Regulation (SFDR), according to expert advisors mandated by the European Commission.
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Commission weighing merits of two options for SFDR fund categories
13 December 2024The European Commission is weighing the merits of two options for a fund categorisation system in an overhauled Sustainable Finance Disclosure Regulation (SFDR), as it looks for inspiration from the UK and existing European fund labels.
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Hong Kong sets timeline for ISSB adoption
11 December 2024Hong Kong's government has launched a 'roadmap' for the adoption of International Sustainability Standards Board (ISSB)-aligned disclosure standards, with full adoption "no later than 2028" for all 'large publicly accountable entities'.
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'Now is not the time to take the easy path' on disclosure, Mary Schapiro tells EU
11 December 2024The EU has been advised not to take "the easy path" as it considers cutting the sustainability reporting requirements, by one of the architects of the Task Force on Climate-related Financial Disclosures (TCFD).
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EFRAG asks for clarity on what omnibus means for its sustainability standards
11 December 2024A leading figure at the EU's corporate reporting adviser has pleaded for clarity from the European Commission on what rumours of upheaval to sustainability reporting frameworks will mean for its own work.