Archive

Make CSRD materiality assessments sector-specific, say German government advisers

'Don't wait for next disaster' before tackling climate risk, BaFin tells banks, insurers

The 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.

BaFin backs replacing SFDR Articles 8 and 9, defining transition investments

Germany's Federal Financial Supervisory Authority (BaFin) has backed the creation of three product designations to address investor misuse of the existing Articles 8 and 9 as labels in the EU Sustainable Finance Disclosure Regulation (SFDR).

Germany's BaFin already screening funds using ESMA name rules

Germany's Federal Financial Supervisory Authority (BaFin) has already begun screening new fund applications using EU rules governing the use of sustainability terms in fund names, months before the rules apply at EU level.

German 'engagement platform' group to push BaFin for legal assurances

A group developing a German "platform" for collaborative sustainability engagement is to ask regulator BaFin to approve its process, to allay investor fears of being punished for acting in concert.

DWS 'firmly rejects' greenwashing allegations as regulators circle

German asset manager DWS announced it "firmly rejects" allegations that it overstated the extent of its environmental, social and governance (ESG) investing activities amid revelations that US and German financial regulators are investigating the 'greenwashing' claims.

German regulator launches sustainable fund guidelines consultation

German financial regulator BaFin is consulting on minimum requirements for 'sustainable' funds after criticising some applications from managers...

Insurers say regulators have the sustainability power

JP Morgan Asset Management and Environmental Finance's sister publication Insurance Asset Risk have joined forces to understand what lies under the bonnet of insurers' responsible investment announcements. Findings were compiled in a report. We present some of the key high- level discoveries, with part one focusing on regulation. Vincent Huck reports

German regulator praises sustainability taxonomy for undermining greenwashing 'ploys'

The EU's sustainability taxonomy, launched in March this year, is helping to uncover greenwashing ploys prevalent in the investment industry, according to the head of sustainable finance at Germany's financial regulator, BaFin.

Green does not automatically mean low risk, warns BaFin