Stakeholder group flags issues with EU Taxonomy January 27, 2023 The European Securities and Markets Authority (ESMA) has been urged to clarify the label and scope of Article 8 and Article 9 products. In a letter, the Securities and Markets Stakeholder Group (SMSG) has advocated for a clearer definition of Article 8 and Article 9 […]
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European trade groups propose amendments to CS3D January 24, 2023 Several major European trade bodies have joined forces to urge the European Parliament and Council to amend the due diligence framework. Twenty-seven European trade organisations have proposed recommendations to enhance the benefits of the corporate sustainability due diligence proposal (CS3D). CS3D aims to promote sustainable […]
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UNGC finds CEOs off track for 2030 goals January 10, 2023 CEOs must accelerate their work in sustainability in order to achieve the Sustainable Development Goals (SDGs) by 2030, according to new research by the United Nations. The UN Global Compact-Accenture CEO Study (UNGC) revealed the world cannot deliver the SDGs by their deadline at […]
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Major UK FS bill lacks net-zero provisions January 19, 2023 The UK’s House of Lords has urged the Financial Services and Markets Bill must be amended to facilitate the transition to a net-zero economy. During the bill’s second reading at the House of Lords on 10 January, Lords argued the bill is failing to take […]
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2022 in review: ESG at the crossroads December 23, 2022 With 2022 coming to a close, Minerva takes a brief look at the major trends seen this year and comments on the future of ESG investing. Whilst responsible or ESG investing has had its ups and downs throughout the decades, 2022 saw new challenges spring […]
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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 by the end of the year.
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Australia’s largest banks expect to reduce exposure to climate-risk affected industries, according to new research by the Australian Prudential Regulation authority (APRA).
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A major greenwashing study has been launched by three of Europe’s most powerful financial regulatory bodies.
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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 and restrictions on firms indiscriminately using marketing terms like ‘ESG’, ‘green’ and ‘sustainable’. It is […]
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A third of corporate boards lack strong understanding of key ESG issues, says survey October 21, 2022 More than a third of company bosses do not have a good understanding of key ESG areas – including climate change – according to a new survey of 704 directors. Too many lack a strong grasp of associated […]
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