US sustainable assets fall as SEC pushes ESG regulation
December 22, 2022
Sustainability-linked assets in the US have fallen from a high of $17.1tn in 2019 to $8.4tn at the beginning of 2022, a report from the US Forum for …
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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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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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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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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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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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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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