Archive

European legal battles force better corporate climate accounting

TotalEnergies and ING are among the firms to face legal action from activist shareholders, write Gerben Schreurs and Paul Menoret-Renard

SEC dropping Scope 3 disclosure requirement will not prevent legal action, lawyer warns

The US Securities and Exchange Commission (SEC)'s reported plan to drop a requirement that would require publicly listed companies to disclose value chain emissions will not protect the government agency from legal action, a lawyer has said.

Investors have 'sleepless nights' over net zero targets tied to estimated data

Institutional investors lose sleep over net zero targets for which progress reporting is tied to huge volumes of estimated data, particularly data relating to greenhouse gas (GHG) emissions from a company's value chain, a conference heard.

Dutch banks begin using 'first' ESG-themed valuation framework for real estate

ABN Amro, ING and Rabobank are among banks starting to use an updated, 'first-of-its-kind' framework for valuing real estate which covers sustainability factors including climate risk.

ICMA draws up a 'Common Ground Taxonomy' for transition plans

The influential trade association wants issuer to act on transition plans before regulations arrive, and has provided a high-level tool to get the process started. Ahren Lester reports

Tanzanian water authority issues 'historic' green bond

Tanga Urban Water Supply and Sanitation Authority (Tanga UWASA) has issued a TZS53.1 billion ($21 million) 'water green bond,' which is believed to be the first municipal agency sustainable bond issuance in East Africa

'Learning-by-doing ISSB reporting raises challenges for assurance'

Organisations preparing reports in line with international sustainability standards are faced with the prospect of 'learning by doing' - which will make the job of assurance providers more challenging, an expert has said.

People Moves, 23 February: Sustainable Fitch, AIB, Climate X, IFRS Foundation ... and more

Impact accounting framework released - with $236 per tonne cost of carbon

The International Foundation for Valuing Impacts has published two draft methodologies - on greenhouse gas emissions and adequate wages. Michael Hurley speaks with Daniel Osusky

Faber issues rallying cry as regulators diverge from ISSB, jeopardising its mission

The chair of the International Sustainability Standards Board (ISSB) has issued a "call to action" for regulators to unite behind by the organisation's standards, warning that divergence from them threatens to undermine its mission.