climate change Archives

EU Parliament approves CSDDD

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.

FCA proposes extended sustainability framework to include PMs

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

EU Parliament adopts voluntary certification framework for carbon removals

Members of the European Parliament (MEPs) voted to adopt an agreement to establish an EU certification framework for carbon removals.

Transition Plan Taskforce publishes final set of resources

The Transition Plan Taskforce (TPT) has launched its final sector guidance to help companies and financial institutions to develop their transition plans.

IIGCC updates its net zero framework to “reposition” wording

IIGCC updates its net zero framework to “reposition” wording March 27th, 2024 The Institutional Investors Group on Climate Change (IIGCC) has updated its Net Zero Investment Framework (NZIF) to “reposition” objectives and add asset classes. The group published NZIF 2.0 to replace the original version, which was published in April 2021. The new framework is […]

“Watered down” CSDDD approved by EU Committee

The European Parliament’s Legal Affairs Committee has voted in favour of the Corporate Sustainability Due Diligence Directive (CSDDD), amid criticism that the proposals were weakened by EU member states.

France Reduction of Co2 Emissions and ESG

ERAFP updates ESG and climate voting guidelines

France’s public pension fund Établissement de Retraite additionnelle de la Fonction publique (ERAFP) has updated its voting policy guidelines covering the evaluation of ESG and climate data.

Investors urge companies to account for climate-related risks

Focus on sustainability will help trustees meet fiduciary duties, says FMLC

The Financial Markets Law Committee (FMLC) has published a review on pension fund trustees’ fiduciary duties in relation to sustainability amid widespread uncertainty in the industry.

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.

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 […]