SFO charges four individuals over Patisserie Valerie scandal
September 14th, 2023
The Serious Fraud Office (SFO) has brought fraud charges against four individuals who oversaw the collapse of high street baker chain Patisserie Valerie.
Christopher Marsh, a former director …
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NGFS call on central banks to step up on climate litigation
September 12th, 2023
The Network for Greening the Financial System (NGFS) has urged central banks and financial supervisers to build up their capabilities for assessing and managing risks …
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Australian government accept climate risk to bond value
September 7th, 2023
In a landmark settlement, the Australian government will acknowledge that the climate crisis is a systemic risk that might impact the value of sovereign bonds.
The government has …
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TPI Centre: Banks must expand emission reduction target coverage
September 7th, 2023
The Transition Pathway Initiative Global Climate Transition Centre (TPI Centre) has called on banks to broaden their emission target coverage to include all material financing activities.
The …
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IEEFA criticises SBTi’s draft standards for financial sector
September 1st, 2023
The Institute for Energy Economics and Financial Analysis (IEEFA) has recommended improvements for the Science Based Targets initiative’s (SBTi’s) draft standards for financial institutions.
IEEFA called on SBTi …
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Businesses not prepared to comply with ESG regulation
August 25th, 2023
A disconnect between executives and their employees on ESG regulation could mean companies are still not ready to abide by emerging requirements, a study by software-as-a-solution provider Workiva …
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SIFMA challenges new Missouri Securities Division rules
August 23rd, 2023
The Securities Industry and Financial Markets Association (SIFMA) has filed a complaint over two Missouri Securities Division rules on providing financial advice based on ESG factors.
SIFMA filed its …
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SEC and ASIC crack down on greenwashing
August 16th, 2023
The Australian and US national financial regulators are taking legal action against companies accused of greenwashing funds and misleading investors.
The Australian Securities and Investment Commission (ASIC) and the US …
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August 7th, 2023
Just a small minority of large US companies are able to share their total worldwide tax contributions, as pressure from stakeholders and regulators over ESG disclosure grows, a …
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Republican-led FSC proposes ESG crackdown legislation
1st August, 2023
The Republican-led US congressional Financial Services Committee (FSC) has proposed a series of bills that are designed to limit the impact of ESG initiatives.
The committee, chaired by Republican Patrick …
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