Archive

ASIC fines Mercer in 'landmark' greenwashing case

The Australian Securities and Investments Commission (ASIC) has fined Mercer Superannuation AUD11.3 million ($7.7 million) for greenwashing, in a case the regulator said was the first of its kind and was a landmark for the financial services industry.

Double materiality assessment 'to benefit climate reporting in financial accounts'

A regulatory requirement that companies assess their impacts on society and the environment, as well as the financial impacts of these aspects on their business, is set to improve how companies account for climate-related risks, according to WTW.

Lending support in the transition

ING wants other banks to use its approach to judging companies' transition plans. Robert Spruijt explains why to Michael Hurley

Sovereign debt alone won't help emerging markets transition, says Ninety One

More capital needs to flow to private markets to help emerging economies transition to a lower carbon economy, said Nazmeera Moola, chief sustainability officer at investor Ninety One.

Taxonomy reporting a 'blind spot' for US companies preparing for CSRD

A requirement to report in line with the EU's taxonomy for sustainable activities is a 'blind spot' most US companies are only beginning to grapple with, according to KPMG.

'Promising' future for sustainable sukuk as record 2024 on track

Medium-term growth in sustainable sukuk issuance remains "promising" amid a record-breaking start to 2024 for the sustainable Islamic bond market, with some key markets seeing almost half of total sustainable bond issuance in sukuk format.

Impact Earth invests $3.6m in Brazilian agroforestry business

Carbon credit supply 'running ahead of demand', says MSCI

The supply of carbon credits is "running ahead of demand", MSCI has said, but predicted the implementation of Article 6 and CORSIA will continue to drive the market forward.

L&G NTR Clean Energy Fund signs first battery storage deal

PCAF reaches 500 signatories