Archive

UK prime minister under fire from industry for weakening climate policies

UK prime minister Rishi Sunak announced he would delay a ban on the sales of new petrol and diesel cars and the phasing out of gas boilers, drawing a wave of criticism from investors and corporates who say the move harms plans for the transition.

US asset managers decline to back 'over-reaching' E&S resolutions

Support for environmental and social shareholder resolutions fell by 10 percentage points in the 2023 proxy season, with asset managers arguing the motions were often 'overly prescriptive' or 'redundant', Morningstar Manager Research has found.

People moves, 8 September: Apollo, IFM Investors, Axa, Adenia Partners and PRI

Avoided emissions - The new tool powering green investors

Identifying companies that 'enable' others to decarbonise should be a focus for investors, Seb Beloe writes

REC-reduced emissions targets are 'not reputable', says MainStreet

The use of 'market-based' emissions targets for sustainability-linked instruments is "not reputable", as it demonstrates no long-term operational sustainability improvement, according to MainStreet Partners.

Storebrand warns of 'hidden traps' of climate data at heart of ISSB standards

Storebrand Asset Management has warned investors of "hidden traps in climate data" that would lead them to unnecessarily exclude "climate solutions" companies because of greenhouse gas (GHG) emissions linked to their sold products.

Sustainability-linked bond target rebasing threatens credibility of market

The baselines used to set sustainability-linked bond (SLB) targets are being changed "a lot" more than expected, in a trend that threatens the credibility of the market, MainStreet Partners has warned.

Deka launches €25m corporate green bond ETF

Assurance on sustainability disclosures: A Q&A with IAASB

Standards for sustainability assurance will boost investor and regulator confidence in sustainability disclosures, IAASB says. Michael Hurley reports

Democrat lawmakers urge SEC to release climate disclosure rules

A group of US lawmakers has urged the Securities and Exchange Commission (SEC) to "quickly finalise a strong and durable rule" for climate-related financial disclosures and said politicisation of the issue "should not be a reason for delay".