Regulation Archives

Friends of the Earth files lawsuit against ING

The Netherlands arm of Friends of the Earth, Milieudefensie, has filed a climate lawsuit against financial services group ING, calling on it to halve its carbon emissions.

US Republicans file lawsuit over ERISA ESG rule

A group of 26 US Republican attorneys general filed an appeal in their legal challenge to a rule over pension funds’ ability to consider ESG factors when selecting investments.

Exxon sues shareholders over ESG proposal

Shareholder voting rights could be under threat in the US as oil company ExxonMobil filed to sue investors over an ESG vote at its AGM.

Updates introduced for various international regulatory reforms on stewardship

The UK, Japan, the International Sustainability Standards Board (ISSB) and International Internal Audit Standards Board (IIASB) have all published updates on stewardship regulatory reforms.

SFDR criticised over fund labelling and mandatory disclosures

Assets managers have called for a new approach to fund labelling and mandatory disclosures in the European Commission’s Sustainable Financial Disclosure Regulation (SFDR).

DQ Entertainment fine highlights importance of governance breaches

Three directors of DQ Entertainment have been fined in a landmark ruling for fraudulent and reckless trading and other breaches.

FRC identifies TCFD disclosures as area of focus

The Financial Reporting Council (FRC) will include climate-related risks, including Task Force on Climate-Related Financial Disclosures (TCFD), as one of its key areas of supervisory focus for 2024/25 financial year.

SEC delays climate disclosure rules

The Securities and Exchange Commission (SEC) has pushed the expected adoption of its final climate disclosure rules until April 2024.

IFRS takes over monitoring climate-related disclosures from TCFD

IFRS takes over monitoring climate-related disclosures from TCFD December 8th, 2023 The International Financial Reporting Standards Foundation (IFRS) will oversee companies’ climate-related disclosures following the disbanding of the Task Force for Climate-related Financial Disclosures (TCFD). The Financial Stability Board (FSB) has announced that the work of the TCFD has been completed, with the International Sustainability […]

climate change, sustainability agreement

GRI and EFRAG partner for interoperability index

The Global Reporting Initiative (GRI) and European Financial Reporting Advisory Group (EFRAG) have partnered to launch the GRI-ESRS Interoperability Index, guidance on how to align both group’s standards.