We’re only four months into 2025, and if you’ve blinked, you might’ve missed half a dozen new climate regulations, a few game-changing discoveries, and a wildfire season that came way too early.
RBC Drops $500 Billion Sustainable Finance Target
Royal Bank of Canada (RBC) announced that it has decided to drop its target to mobilize $500 billion in sustainable finance, and has held off on providing some climate finance-related disclosures, following changes to greenwashing regulations in Canada. The announcement, revealed in RBC’s 2024 Sustainability Report, follows the passage of amendments last year to Canada’s Competition Act, aimed at tackling…
FCA Halts Plan to Introduce Sustainability Disclosure Requirements and Investment Labels for Portfolio Managers
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, announced that it would not currently proceed with its proposal to extend its new Sustainability Disclosure Requirements (SDR) and sustainable investment labelling regime to portfolio managers, despite “broad support” for the rules, following industry feedback on the proposal. The proposal, announced in…
Companies Continuing to Increase Climate Ambitions Despite Headwinds: MSCI
Companies globally continued to increase the ambitions of their climate goals in 2024, despite policy headwinds, with a substantial increase in the year of listed companies with validated science-based emission reduction goals, and a continued decoupling in the correlation between revenue and GHG emissions growth, according to a new study released by investment data and research provider MSCI. For the…