The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, announced today that it was pushing out requirements for asset managers to comply with some of the new “naming and marketing rules” for sustainability-related investment products to April 2025, to give more time for firms to meet the new standards. The new…
The Asian Development Bank announced the approval of a new roadmap aimed at helping the bank scale up support for key challenges facing Asia and the Pacific, including a new commitment to reach more than $100 billion in cumulative climate finance from 2019 to 2030, and for climate finance to reach 50% of its total annual committed financing volume by…
Australia’s House of Representatives voted today to pass the Treasury Laws Amendment bill, including new introduce mandatory climate-related reporting requirements for large and medium sized companies, including disclosures on climate-related risks and opportunities, and on greenhouse gas emissions across the value chain, starting as soon as 2025 for the largest companies. The vote follows the approval of the bill in…
The Corporate Sustainability Reporting Directive (CSRD) is a landmark piece of EU legislation designed to enhance the transparency and comparability of sustainability information disclosed by companies. This directive, which will become mandatory for large UK businesses from 2025, aims to drive sustainable economic growth and combat climate change.
This week in ESG news: Microsoft launches new supplier decarbonization team for cloud and AI; competition for clean energy from data centers forces megaton carbon capture project out of state; EcoVadis acquires human rights analytics provider; ESMA report finds transition funds outpacing sustainability funds; Australia senate passes climate disclosure law; new sustainable investing products from BNP Paribas, Candriam, SEB, Robeco;…