UK gov repeals Green Taxonomy technical deadline

December 22, 2022


The UK government will not make any secondary legislation under the Taxonomy Regulations, with policymakers set to revoke their legal obligation to seal the climate segment of the upcoming rules …

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PCAOB to inspect Chinese audit firms for first time


December 22, 2022

Chinese companies will come under the scrutiny of the Public Company Accounting Oversight Board (PCAOB) for the first time on the back of new Congressional legislation.…

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Sustainable Stewardship Greenwashing

Companies’ disclosures remain inconsistent with TCFD standards 

December 15th, 2022


Companies are failing to comply with the standards of the Taskforce on Climate-related Financial Disclosures (TCFD), the UK’s regulatory watchdog has found. 

The latest review by the Financial Conduct Authority …

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ESG

UK govt launches ESG ratings consultation

December 14, 2022

ESG rating providers may soon be brought within the regulatory remit of the Financial Conduct Authority (FCA) by the UK government in the first quarter of 2023.

A consultation on regulating …

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GRI issues Biodiversity Standard update and consultation

December 9th, 2022


The Global Reporting Initiative (GRI) has published its latest Biodiversity Standard, targeting companies to disclose their most pressing biodiversity impacts to boost the clarity of data.

The GRI has launched …

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Australian banks intend to reduce climate-risk exposure  

December 9th, 2022


Australia’s largest banks expect to reduce exposure to climate-risk affected industries, according to new research by the Australian Prudential Regulation authority (APRA). 

The Climate Vulnerability Assessment revealed banks intend …

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ESG Debate

Anti-ESG backlash intensifies as Florida divests

December 8th, 2022


A holding $2bn in size is being divested from BlackRock by Florida, in the latest development of Republican US states shunning environmental, social, and governance-focused investment. 

The divestment includes $1.43bn worth …

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legal action

Anti-SLAPP action proposed by UK government


December 6th, 2022

Legislative reforms to tackle the increased use of strategic litigation against public participation (SLAPP) cases against journalists and watchdogs have been proposed by the UK government.

The new legislation will prevent …

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The EU Sustainable Finance Platform: Where are the owners? Stewardship Code IIGCC

EU Council directive strengthens cybersecurity measures 


November 30, 2022

New standardised ‘high level’ cybersecurity rules are being proposed for the EU by the European Council, which will bring more firms under this regulatory reach.  

Called NIS2, this new directive

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FCA Sustainability

FCA starts development of ESG rating providers’ code of conduct


November 24, 2022

A Financial Conduct Authority (FCA) taskforce has been formed to help regulate ESG data and ratings providers.

The working group will be co-chaired by M&G, Moody’s, London …

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