Capitol Building, Congress, Banking Bill passed in the Senate

US banking regulation bill gains bipartisan support

June 27, 2023


Democrat Senate banking chair Sherrod Brown has gained a rare level of bipartisan support for a bill designed to bring heavier regulation to the US banking sector.

In cooperation with …

Read More
Divestment Sign

UK proposes anti-boycott bill

June 22, 2023


The UK government’s proposed legislation aimed at preventing local councils from imposing boycotts on Israeli goods is an attack on freedom of expression, according to civil society groups.  

The Economic Activity of Public …

Read More
Global standard-setters unite on sustainability reporting

EU eases sustainability reporting rules 

June 20, 2023


The European Commission has introduced a series of proposed changes aimed at easing the burden on companies falling under the newly-widened remit of the European Sustainability Reporting Standards (ESRS). 

The proposals seek …

Read More
DoL, Department of Labor

DoL’s new ESG rule takes finger ‘off the scale’

June 8, 2023


The US Department of Labor’s new ESG rule does not tip the balance in favour of ESG investing, according to officials within the department.

The rule, ‘Prudence and …

Read More
EU, European Parliament

EU votes to ban unsupported carbon neutral claims  

May 17, 2023


The European Parliament has voted to support a proposed ban on environmental claims that are based solely on carbon offsetting schemes. 

The ‘Directive on Green Claims’ would …

Read More
Florida,Governor

Florida passes anti-ESG bill  

April 5, 2023


Florida has become the latest Republican state to prohibit the inclusion of ESG considerations in investment decisions, following similar legislation that passed in Kansas.  

Governor Ron DeSantis signed an anti-ESG bill to require …

Read More

BAT fined $629M for North Korea sanction breaches

April 28, 2023


Cigarette maker British American Tobacco (BAT) has paid penalties totalling more than $629 million (£503.5 million) to US authorities to settle charges related to breaches of sanctions against North …

Read More
website commission Charities

The UK’s charities regulator has scrapped words such as “ethical” and “responsible” from its investment guidelines in a major overhaul designed to modernise its advice for non-profits. 

The Charity Commission has proposed “retiring” certain phrases that charities have said are …

Read More
Green financial disclosure documents spread out upon a table top

European Commission updates SFDR guidance 

April 20, 2023


The European Commission (EC) has amended guidance to clarify how to interpret the Sustainable Financial Disclosure Regulation (SFDR).  

In response to questions posed by the European Supervisory Authorities, the updated guidance confirmed …

Read More
Blocks spelling out SDR against a green background

FCA delays introduction of SDR 

April 12, 2023


The Financial Conduct Authority (FCA) has postponed the introduction of rules aimed at eradicating greenwashing across the UK’s asset management sector.  

The UK regulator has delayed the implementation date for sustainability disclosure …

Read More