News

Indian regulator approves ESG reporting system, ESG ratings regulation

The Indian securities market regulator has approved plans for a new 'streamlined' ESG reporting system and regulation of providers of ESG ratings in a bid to increase confidence in disclosures.

SDI AOP launches SDG investment assessment platform

The Sustainable Development Investments Asset Owner Platform (SDI AOP) has launched an online platform, which it said will allow investors to assess the contribution of their portfolios to the UN's Sustainable Development Goals (SDGs).

'It's time to stop step-up-only sustainability-linked bonds'

A senior European banker has argued it is time for sustainability-linked bonds to be issued with both step-up and step-down coupons, to deal with the "thorny" topic of investors effectively being rewarded for issuers missing their targets.

Legislation driving investors to address plastic pollution, says CDP

Investors are increasingly ready to disclose information on plastic pollution in their portfolios, in part because of incoming legislation, according to CDP.

Munich Re leaves the NZIA, citing antitrust concerns

Munich Re has discontinued its membership of the Net-Zero Insurance Alliance (NZIA), a coalition of insurers that have committed to cut their underwriting and investment portfolios to net-zero emissions by 2050.

UK green finance strategy 'fails to address challenge of financing transition'

The UK's green finance strategy has been accused of "failing to address the ... challenge of financing the overall energy transition" by not explaining how the country aims to promote investment to decarbonise its economy.

ICVCM and its carbon principles are 'too late to the party', CfRN claims

The Integrity Council for the Voluntary Carbon Market (ICVCM) has arrived too late for carbon markets, an executive at sovereign market proponent CfRN has claimed, on the day it released its core carbon principles.

UK to 'monitor' ESG data for potential need to regulate providers

The UK government will monitor whether it needs to regulate providers of ESG data, the country's Treasury said.

UK looks to adopt IOSCO guidance in regulation of ESG ratings

The UK Treasury has called for feedback on a proposed regulatory regime that would see providers of ESG ratings disclose information on their methodologies and describe potential conflicts of interest.

People moves, 31 March: Impax, SBTi, Finance for Biodiversity, GSSB ... and more