Disclosure rule could serve as pathway to bolster defence investment via sustainable funds. A planned review and potential revamp of the EU’s Sustainable Finance Disclosure Regulation (SFDR) presents an opportunity for the European Commission (EC) to clarify the extent to which sustainable funds can invest in the defence sector. Earlier this month, the EC presented a white paper…
Meta Signs Ten-Year Forestry Management Carbon Removal Deal
Forest investment and management firm EFM announced today a new long-term agreement with Facebook, Instagram, and WhatsApp owner Meta for the delivery of 676,000 tonnes of carbon removal credits through 2035, generated through the transition of U.S. forestland to “climate-smart management.” Launched in 2004, Portland, Oregon-based EFM is a real estate asset manager focused on investing in natural climate solutions…
Nordea Adds “Sustainable” to Fund Names Ahead of ESMA Regulation
Northern Europe-based asset manager Nordea Asset Management (NAM) announced that it has added or kept the term “sustainable” in the names of 17 funds in its Nordea 1 SICAV range ahead of the implementation of new fund naming guidelines by EU markets regulator the European Securities and Markets Authority (ESMA). The announcement follows the release in May 2024 by ESMA…
Australia Regulator Releases New Guide for Companies Beginning Mandatory Sustainability Reporting
Corporate, markets, and financial services regulator the Australian Securities & Investments Commission (ASIC) announced the release of “Regulatory Guide 280 (RG 280),” its new regulatory guide for companies required to prepare a sustainability report containing climate-related financial information under Australia’s new mandatory climate reporting law. The guide includes details on ASIC’s planned “pragmatic and proportionate approach” to supervision and enforcement…