Greenwashing, Smoke stacks at coal burning power plant

Canadian regulator launches greenwashing investigation into lululemon

May 16th, 2024


Competition Bureau Canada has begun an investigation into lululemon over allegations of greenwashing.

The investigation comes after stand.earth, an environmental advocacy organization, filed a complaint with the bureau claiming lululemon …

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Global standard-setters unite on sustainability reporting

More CEOs are prioritising sustainability

May 10th, 2024


The majority of CEOs are prioritising delivering on their sustainability journey but face challenges from the broader economic market.

EY’s CEO Outlook survey found 77% of CEOs surveyed said that delivering on …

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FCA

SDR will bring more “trust and integrity” to financial services

9th May, 2024


The Financial Conduct Authority (FCA) has predicted its Sustainability Disclosure Requirements (SDR) labels will improve consumers’ perception of the financial services industry.

Sacha Sadan, director of ESG …

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CII

CII open to comments on class votes proposals

May 8th, 2024


The Council of Institutional Investors (CII) has invited members to comment on its proposal calling for dual-class companies to provide vote results on a class-by-class basis.

Under a typical …

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Islamic finance,

ICMA, IsDB and LSEG publish sustainability sukuk guide

May 3rd, 2024


Leading groups in sustainable finance have released guidance for issuers of green, social and sustainability sukuk.

The International Capital Market Association (ICMA), the Islamic Development Bank (IsDB) and London …

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cement factory

Heavy industries not on track for Paris Agreement goals

May 2nd, 2024


Aluminium, cement and steel industries are not aligned with a 1.5-degree trajectory, as set out in the Paris Agreement.

The World Benchmarking Alliance’s (WBA’s) first 2024 Climate and

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net zero

The People’s Pension launches responsible investment policy

May 2nd, 2024


The People’s Pension has released its responsible investment policy, which includes heightened expectations of its investment managers.

The master trust’s Responsible Investment policy outlines the minimum requirements and ongoing expectations …

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Biodiversity

ISSB begins research on biodiversity standards

April 25th, 2024


The International Sustainability Standards Board (ISSB) has commenced projects to research disclosure about risks and opportunities associated with biodiversity.

The projects will assess the corporate disclosure risks across biodiversity, ecosystems and …

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EU, European Union

EU Parliament approves CSDDD

April 24th, 2024


The European Parliament has voted to approve the Corporate Sustainability Due Diligence Directive (CSDDD) in another step towards the requirements being formally adopted by the European Union.

The CSDDD will require companies to …

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Sustainability

FCA proposes extended sustainability framework to include PMs

April 23rd, 2024


The UK’s Financial Conduct Authority (FCA) has opened a consultation to extend the Sustainability Disclosure Requirements (SDR) to include portfolio managers.

The regulator said the proposed labelling and SDR …

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