Archive

Landmark moment as climate risks included in 'Magna Carta of banking supervision'

Prominent central bankers have welcomed the inclusion of climate change among a group of potentially material risks to financial stability in the global banking supervision principles for the first time, meaning regulators and banks must identify and address such risks.

European Parliament votes to 'break down' composite ESG ratings

The European Parliament has given the go-ahead to 'world first' regulation on ESG ratings, which encourages an end to the use of aggregate ratings that give an overall sustainability score.

EU looks to UK, US policies, with no clear way forward for SFDR

The European Commission is monitoring developments such as anti-greenwashing rules and sustainability labelling schemes in the US and UK as it mulls how it can improve the Sustainable Finance Disclosure Regulation (SFDR).

'Historic day' as EU CSDDD approved

Rules to require large companies active in the EU to report on the sustainability of their supply chains and make best efforts to implement a climate transition plan have been approved, in what was labelled an "historic day".

Taxonomy users told to get creative to maximise its transition planning potential

The EU taxonomy of sustainable activities can help formulate climate transition plans in ways it is currently not being widely used, according to members of a European Commission-mandated expert group.

EFRAG proposes reducing 'circular economy' ESRS datapoints

The European Financial Reporting Advisory Group (EFRAG) has revealed it will vote this week on proposals to reduce the number of individual datapoints companies will disclose against under the Corporate Sustainability Reporting Directive (CSRD).

People Moves, 19 April: Barclays, Zurich, Eurosif, Scottish Widows, Robeco and ... more

EFRAG calls for help in devising ESRS guidance on transition plans

'Just transition' data a work in progress, development bank claims

A development bank is working on metrics to measure and report on 'just transition', an Environmental Finance Sustainable Debt EMEA conference in London has heard.

SDG mapping unhelpful with bond impact reporting

Mapping the UN's Sustainable Development Goals (SDGs) is unhelpful for reporting and tracking the impact of bonds, an Environmental Finance event heard.