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Sustainability-linked shipping finance ready to set sail

Shipping firms could turn to more sustainability-linked finance after the IMO delivered a long-awaited net zero transition plan. Ahren Lester reports

Fund managers face tougher 'sustainable' fund name test under EU rules

Fund managers seeking to market their products as 'sustainable' must ensure that a minimum of 80% of their investments match the description, if they are to meet toughened guidelines due to be published by the EU regulator next year.

Investors devise long wish list for much-maligned SFDR

Every financial product sold in the EU should be required to disclose sustainability information under the much-maligned Sustainable Finance Disclosure Regulation (SFDR), Europe's largest asset manager has said.

Updated: Financial institutions partially exempt from supply chain due diligence under 'milestone' rules

The finance sector will be exempt from carrying out environmental and social due diligence of companies 'downstream' in the supply chain under newly agreed EU rules, in a victory for lobbyists who claimed it would add disproportionate costs and unfairly expose institutions to legal claims.

Call for EU to create 'taxonomy-aligning' benchmarks

The EU Platform on Sustainable Finance has proposed 'taxonomy-aligning' benchmarks that would select constituents based on the percentage of their investments in activities aligned with the EU's taxonomy.

ESMA to scrutinise compliance with ESG benchmark regulations

EIOPA proposes capital charges on fossil fuel assets

Fossil fuel-related stocks and bonds pose higher market risks to insurers that could be mitigated via additional capital charges on these assets, the European Insurance and Occupational Pensions Authority (EIOPA) has suggested.

EIOPA proposes four principles to prevent greenwashing in insurance

The European Insurance and Occupational Pensions Authority (EIOPA) has today opened a consultation on its draft opinion on sustainability claims and greenwashing.

Lawmakers update ESG ratings regulation to 'promote' double materiality

EU member states back extension of net-zero investment act to cover nuclear, aviation fuel