EU markets regulator the European Securities and Markets Authority (ESMA) announced the release of its annual European Common Enforcement Priorities (ECEP) Statement for corporate reporting, setting out key issues relating to the EU’s new Corporate Sustainability Reporting Directive (CSRD) as areas for close scrutiny over the next year for ESMA and national European enforcers. Specific sustainability reporting-related issues highlighted as…
Sustainability software provider IntegrityNext announced the launch of two new solutions, Multi-Tier Supply Chain Visibility and EUDR Compliance, aimed at enabling companies to address complex supply chain sustainability challenges and regulatory compliance requirements. Launched in 2016, Munich-based IntegrityNext provides a software platform aimed at enabling companies to build more transparent and sustainable supply chains, and helping businesses to collaborate with…
The Taskforce on Nature-related Financial Disclosures (TNFD) announced that more than 500 companies and financial institutions have committed to begin nature-related corporate reporting, based on the TNFD recommendations. The announcement, made at the COP16 Biodiversity Conference, marks a significant increase in committed TNFD-aligned reporting entities from 320 companies earlier this year, advancing efforts to establish standardized reporting on nature-related governance,…
By: Ian Stannard, ICE Sustainable Finance ICE’s research on identifying and quantifying potential Avoided Emissions has highlighted how climate opportunities can be found in unlikely sectors and companies outside of the obvious candidates. Our approach, highlighted in a Whitepaper by ICE and EcoFin Investors, aims to help investors not only manage climate risks, but also identify investment opportunities (See Making…
Morgan Stanley revealed the introduction of a new range-based approach to its financed emissions reduction targets, introducing a new lower band to reflect the fact that the global economy and policy is not currently on track to with the ambition to limit the global temperature increase to 1.5°C above pre-industrial levels, which was the basis of its prior targets. In…
UK-based assets manager M&G and its Zurich-based impact investing unit responsAbility Investments announced the launch of the M&G responsAbility Sustainable Solutions Bond Strategy, a new fund aimed at investing in investment grade corporate bonds supporting companies or projects contributing to a series of environmental and social objectives. According to the firms, the development of the new fund comes “in response to…
This week in ESG news: EU carbon pricing scheme funds over $5 billion of decarbonization projects; MSCI appoints new head of climate and ESG business; Hong Kong banks told to disclose climate risks, target net zero lending; SEC charges WisdomTree for not following sustainability criteria in ESG funds; Morgan Stanley signs DAC carbon removal agreement; Mercedes-Benz launches closed loop battery…