Policy

Reliance on taxonomy would be ill-advised in overhauled SFDR, ICMA tells EU

The EU has been warned against a 'potentially reductionist approach' overly relying on its taxonomy at the expense of the theme of transition in an overhauled Sustainable Finance Disclosure Regulation (SFDR) by the International Capital Market Association (ICMA).

Canada, Japan targeted in PRI sovereign engagement initiative expansion

Canada and Japan are the next focus countries for the collaborative sovereign investor engagement initiative launched by the Principles for Responsible Investment (PRI).

UK 'actively considering' linking with EU ETS

QBE leaves NZAOA

French regulator to ensure sustainability regs consider defence

Slovenia launches 'pioneering' sovereign SLB framework and eyes June debut

Slovenia has published its "landmark" sustainability-linked bond (SLB) framework as it prepares to become the first European sovereign to issue the performance-based instrument.

US SEC delays anti-greenwashing 'names rule' compliance deadline by six months

Australian court imposes AUD11m fine on Active Super for greenwashing

Bank of England urged to step up on nature

The Bank of England has been urged to step up their coverage of nature-related risks, in a report that warns it is "not acting sufficiently" on the issue.

NBIM tells Switzerland to require ISSB-aligned disclosures

Omnibus bolsters case for requiring double materiality in EU ESG ratings, investor says

The case for changing the EU ESG ratings regulation to require ratings to use a 'double materiality' assessment was strengthened by proposed cuts to corporate sustainability reporting rules, according to Algebris Investments.

Canadian regulator updates disclosure rules to align with ISSB

CSRD guidance for real estate being readied to help in absence of sector-specific standards

The real estate sector is devising its own guidance on the most relevant datapoints to disclose under EU rules, as the bloc proposes to abandon work to develop sector-specific standards.

Omnibus CSRD cuts threaten investor access to sustainability data, Dutch regulator says

The Dutch financial markets supervisor has urged companies to continue reporting sustainability information in line with the current version of the EU Corporate Sustainability Reporting Directive (CSRD), as it warned that EU proposals to change the CSRD threatened investor access to data.

'About half' of companies in scope of imperilled SEC rule may have to disclose anyway - Ceres

The combination of climate disclosure rules in California and the EU, and other national rules with extraterritorial reach, are set to capture about half of the companies that would have been in scope of the imperilled Securities and Exchange Commission (SEC) rule, Ceres has estimated.