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 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
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
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
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
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
IASB begins climate-related risk project
March 28, 2023
The International Accounting Standards Board (IASB) has begun evaluating how companies can improve their climate-related risk reporting.
The new project, launched under the purview of the International Financial Reporting Standards Foundation (IFRS), …
Read More
Biden vetoes bill to overturn DOL ESG rule
March 23, 2023
US President Joe Biden has vetoed a bill that would prevent pension fund managers from considering climate change and ESG factors in their investment decisions.
On March 20, Biden …
Read More
Kansas anti-ESG bill could reduce pension returns by $3.6bn
March 15, 2023
Kansas’ proposed legislation to prevent ESG considerations by public contractors could lower state pension system returns by $3.6bn over the next decade.
The Protection of Pensions and Businesses …
Read More