News

• Hong Kong's reporting changes to 'enhance disclosures in mainland China'

  16 May 2023

  Upcoming changes to reporting standards in Hong Kong could enhance sustainability reporting across mainland China, Sustainable Fitch has said.

• LGIM increasing engagement on biodiversity

  16 May 2023

  Last year marked a "step change" in Legal & General Investment Management's (LGIM) engagement on biodiversity, and it continues to be one of its key themes for 2023, the company has said.

• Gender equality a rising priority for Japanese investors, says Sustainable Fitch

  16 May 2023

  Gender equality has risen as a priority for institutional investors and bond issuers in the Japanese market, following an increase in gender-focused regulations in the country, Sustainable Fitch has said.

• L&G, Octopus invest £70m in ground source heat pumps

  16 May 2023

  Legal & General Capital and Octopus Energy's generation arm have invested a combined £70 million ($88 million) in UK-based ground source heat pump manufacturer and installer Kensa Group.

• SMBC enhances climate-risk framework

  16 May 2023

  Sumitomo Mitsui Banking Corporation has developed a new climate-risk framework and announced it will review each customer's transition risk response by this summer.

• IIGCC unveils TCFD-style guidance to boost private equity climate action

  16 May 2023

  Guidance for private equity investors on how to measure progress towards achieving 'net zero' greenhouse gas emissions has been published.

• OCBC sets targets for high-emitters

  16 May 2023

  OCBC has set decarbonisation targets for its six most emissions-intensive sectors, as part of its aim to reach net zero financed emissions by 2050.

• MSCI bemoans 'fuzzy' corporate transition plans

  15 May 2023

  Only one-fifth of listed companies' decarbonisation targets are aligned with the 1.5°C goal of the Paris Agreement, MSCI said, as it criticised "fuzzy" disclosures lacking crucial information.

• G7 rowback raises fears for ISSB adoption

  15 May 2023

  Concerns have been raised about how widely the International Sustainability Standards Board's (ISSB) forthcoming disclosure standards will be adopted, after G7 finance ministers appeared to scale back their commitment to using it as a global baseline.

• Expect further PABs upheaval following EU's SFDR answers, says Morningstar

  15 May 2023

  Recent clarification on how EU regulators should enforce the Sustainable Finance Disclosure Regulation (SFDR) is likely to see a further wave of fund reclassifications among users of Paris-aligned benchmarks (PABs), according to Morningstar.