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'Don't wait for next disaster' before tackling climate risk, BaFin tells banks, insurers
28 January 2025The president of Germany's financial supervisor has told banks and insurers they need to collect better data and improve forward-looking analysis, as he warned them not to "wait for the next disaster" before addressing physical climate risks.
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Decline in energy sector's EU taxonomy alignment bucks positive trend in other sectors
27 January 2025Energy companies reported a decline in their alignment with the EU taxonomy last year, bucking a trend of increased alignment in most other sectors which data provider Bloomberg said bolstered the use case for the taxonomy.
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Schroders 'first' to comply with all four SDR labels
27 January 2025Schroders said it is the 'first' to adopt all four labels under the UK Financial Conduct Authority's Sustainability Disclosure Requirements (SDR) regime, after another three funds adopted labels.
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Leaked paper says EU omnibus will protect investors' data needs
27 January 2025'Simplification' of sustainability reporting requirements will be done in a way that 'ensure[s] tight alignment of the data required with the needs of investors', according to a leaked draft policy paper by the European Commission.
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France calls for 'massive regulatory pause' of CSDDD, CSRD
24 January 2025The EU should 'indefinite[ly] postpone' sustainability due diligence rules and delay implementation of its Corporate Sustainability Reporting Directive (CSRD) by two years, the French government has said.
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Account for 'stranded asset' risks alongside transition plan rules, EU advised
23 January 2025The EU should create a framework to account for the depreciation of highly polluting assets "at risk of becoming stranded" to help financial institutions assess the credibility of transition plans, it has been told by advisers.
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ABN Amro: EU GBS 'costs to outweigh benefits' - for now
22 January 2025Uptake of the EU green bond (EuGB) label under the EU Green Bond Standard (EU GBS) is likely to be "very limited" as the "additional costs will outweigh the benefits," according to Dutch lender ABN Amro.
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Von der Leyen promises 'far-reaching simplification' of sustainable finance rules
21 January 2025The European Commission will present "far-reaching simplification of our sustainable finance and due diligence rules" next month alongside a plan to promote invest in clean technologies, its president Ursula von der Leyen said.
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'Transition loan label needs stricter covenants to add value'
21 January 2025A potential transition loan label needs to be "more constraining for borrowers" around sustainable delivery and performance to really add value to the existing labelled loan market, according to a major private debt investment manager.
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'Practical' Rwanda sustainable bond approach amid taxonomy roll-out
20 January 2025The Rwanda Capital Market Authority (CMA) is taking an "impactful" but "practical" approach to developing its sustainable bond guidelines, as the East African country continues to develop its green finance taxonomy.