FCA sets “higher bar” for greenwashing January 31, 2023 The UK regulator’s proposals to suppress greenwashing set a “higher bar” than the EU’s rules, according to the UK Sustainable Investment and Finance Association (UKSIF). Representing firms overseeing £19trn of assets, the group stated they were “strongly supportive” of the Financial Conduct Authority’s (FCA’s) proposed sustainability […]
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Large European and non-European companies will be required to report on sustainability issues as the European Council and European Parliament have agreed on more detailed sustainable reporting requirements.
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The European Financial Reporting Advisory Group (EFRAG) has outlined its proposals for EU-wide sustainability reporting standards.
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Investors back EU plan for human rights due diligence rules The Investor Alliance for Human Rights wants mandatory, rather than voluntary, reporting and due diligence rules for corporations The Investor Alliance for Human Rights has called for EU companies to be held legally liable for human rights due diligence failures. In a response to an […]
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EU-wide push expected on corporate long termism New legislation and heavier enforcement actions could be on their way for EU companies following fresh concerns they are neglecting long-term value creation for shareholders. Entitled, ‘Study on directors’ duties and sustainable corporate governance’, a white paper from the European Commission has laid out three options for encouraging […]
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