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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ESG

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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ESG Debate

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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ESMA pulls back from ESG legislation for rating agency methodology

Europe’s biggest regulators launch greenwashing study 


November 22, 2022

A major greenwashing study has been launched by three of Europe’s most powerful financial regulatory bodies. 

The study is currently built around a call for evidence aimed at gathering information …

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ESGvolution, Environment, Nature, Nature-related

TNFD releases third iteration of beta framework


November 11, 2022

The Taskforce on Nature-related Financial Disclosures (TNFD) has released an ambitious third draft of its beta framework and is calling for greater transparency from companies.

After two iterations of the …

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Greenwashing, sustainability

FCA looks to tackle sustainability spin doctors


October 28, 2022

The Financial Conduct Authority (FCA) wants a crackdown on greenwashing investment companies using misleading sustainability spin.

The UK regulator believes there needs to be agreed and recognised labels on products …

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ESG, PRI

PRI proposes framework for ESG investment


October 14, 2022

The tension between increasing positive sustainability investment impact while staying within the laws of different jurisdictions has been explored in a report by the Principles for Responsible Investment (PRI).

The study …

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net zero

GFANZ unveils framework for transitioning companies


30 September 2022

The Glasgow Financial Alliance for Net Zero (GFANZ) has released a new report on transition plan disclosure for real-economy companies, making a case for clarity surrounding “critical components” needed to disclose …

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