IOSCO issues recommendations on ESG ratings


October 8, 2021

The International Organisation of Securities Commissions (IOSCO) plans to establish a framework for members to understand and mitigate potential risks in working with ESG ratings and data providers.

The experience of …

Read More
ASIC

Australian regulator targets net zero greenwashing

Follows IPO examination of one company’s statements


September 17, 2021

The Australian Securities & Investments Commission (ASIC) has warned it will take action against companies it believes are making misleading claims regarding their net …

Read More
ESMA pulls back from ESG legislation for rating agency methodology

EFRAG reveals direction of EU reporting standards

Draft sustainability reporting standards are expected in 2022


September 17, 2021

The European Financial Reporting Advisory Group (EFRAG) has outlined its proposals for EU-wide sustainability reporting standards.

The newly published Climate Standard Prototype …

Read More

EU seeks experts for sustainability review


September 3, 2021

The European Financial Reporting Advisory Group (EFRAG) is seeking appointees for 11 new industry groups to assist with a review of the bloc’s sustainability reporting standards. This development is the latest …

Read More
DoL, Department of Labor

DoL proposes fresh ESG regulation

The proposal is expected to reconfigure restrictions on climate-based investing incurred by pension fund investors


August 20, 2021

The US Department of Labor (DoL) has proposed changes to a controversial rule brought in last year …

Read More
Nasdaq proposes diversity disclosure for listed companies

Nasdaq’s diversity disclosure rules approved by SEC


August 13, 2021

US regulator the Securities and Exchange Commission (SEC) has given the green light to Nasdaq to introduce rules aimed at improving the diversity disclosures of listed companies.

Nasdaq first filed …

Read More
Biodiversity, EU Taxonomy

EU seeks to expand green taxonomy beyond climate


August 6, 2021

European Union officials working on the bloc’s proposed green taxonomy have put forward plans to expand it beyond climate change.

Two documents, published earlier this week, have proposed extending …

Read More
Data, Sustainability risks internal audit

IOSCO considers rulebook for ESG data providers


July 30, 2021

Providers of data and ratings for environmental, social and governance (ESG) factors could come under an explicit international regulatory framework to ensure consistency, according to a new report from the …

Read More
Australia, Parliament, JobKeeper

Australia confronts Jobkeeper profiteering amidst disclosure concerns


July 23, 2021

With Australian proxy season preparations now underway, the Australian federal authorities are looking to introduce a public register of companies that use the government’s JobKeeper programme. Debates around the …

Read More
Letter

TCFD recommendations ‘lack feasibility for pension funds’

Technical gaps and weaknesses risk “carbon washing” of funds, warns the Transition Pathway Initiative


July 23, 2021

UK-based asset owners have warned that the Task Force on Climate-related Financial Disclosures (TCFD) portfolio alignment …

Read More