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UK Releases Sustainability Reporting Assurance Standard

UK Releases Sustainability Reporting Assurance Standard

The Financial Reporting Council (FRC), the UK regulator for auditors, accountants and actuaries, announced today the publication of International Standard on Sustainability Assurance (UK) 5000, “General Requirements for Sustainability Assurance Engagements,” a new standard aimed at ensuring quality and consistency for practitioners in carrying out assurance engagements for sustainability reporting. The publication of the new standards comes as the UK…

The World’s Largest Companies Have Resumed Setting Net Zero Goals After Pausing Last Year: Accenture Survey

The World’s Largest Companies Have Resumed Setting Net Zero Goals After Pausing Last Year: Accenture Survey

The world’s largest companies are once again setting net zero goals across their value chains, after pausing in 2024 – even in North America – and are seeing greater decarbonization results, as they embrace a wider set of tools to reduce emissions across their businesses, according to a new study released by global professional services firm Accenture. The increase in…

EIB Announces Global Launch of Tool Enabling Banks to Identify, Assess Green Projects

EIB Announces Global Launch of Tool Enabling Banks to Identify, Assess Green Projects

The European Investment Bank (EIB) Group announced the global launch of its Green Checker tool, extending the solution to help banks identify projects eligible for green financing, and businesses to access sustainable financing, beyond the EU. According to the EIB, the Green Checker tool provides a solution to support green and wider sustainability eligibility assessments for investments and enterprises, with…

EQ Investors appoints investment manager from RBC Brewin Dolphin

Sustainable wealth manager EQ Investors has hired Tom Wait (pictured) as an investment manager in its discretionary fund management team. Joining from RBC Brewin Dolphin, where he spent over nine years, Wait will be responsible for managing bespoke investment solutions for high-net-worth clients and charities at EQ, developing existing and new relationships. The hire marks the next phase of growth…

GISA reports 50% increase in funds adopting sustainable investment approach over past two years

The sustainable investment industry is on a “rapid evolutionary trajectory” with assets in funds using responsible or sustainable investment approaches increasing by $5.5trn – or almost 50% – over the past two years, according to data from the Global Sustainable Investment Alliance (GSIA) and Morningstar. The latest biennial Global Sustainable Investment Review, published by GSIA during COP30, found despite a landscape…

COP30 so far: ‘Defeat the climate deniers’, UK’s ‘moral failure’ and calls for real implementation

Thousands of delegates have arrived in Belem and San Paulo as the COP30 kicks off in Brazil with nationally determined contributions (NDCs), adaptation and biodiversity being among the front of mind factors for this year’s discussions. From a sustainable investment perspective, all eyes will be on Finance Day – or dayS with there being two this year on 14 and…

Extreme weather: A wake-up call for stronger strategic planning 

This summer, the UK sweltered through its hottest summer on record.  The mean temperature between 1 June 1 and 31 August hit 16.1°C, according to the Met Office, which was 1.51°C higher than the long-term meteorological average. This eclipsed some of the country’s fabled heatwaves during the scorching summers of 1976 and 2022.   In London, office workers coped by slipping…

SFDR 2.0 leak reveals potential removal of Article 8/9 labels

A leaked draft of the European Commission proposals for SFDR 2.0 has revealed plans to remove Article 8 and 9 labels in favour of three product categories. These will be i) transition investments, (ii) integration of sustainability factors, and (iii) sustainability-related objectives, according to reports. The release of a revised version of the Sustainable Finance Disclosure Regulation (SFDR) has seen numerous delays –…

Zurich Decides to Drop Pursuit of SBTi Validation of Net Zero Goals

Zurich Decides to Drop Pursuit of SBTi Validation of Net Zero Goals

Zurich Insurance Group revealed that it has decided that it will no longer Science Based Targets initiative (SBTi) validation for its climate targets under the SBTi’s finance-specific standard. Despite dropping its pursuit of SBTi validation, however, the company said that it has not changed its net zero goals. While Zurich did not specify reasons for its decision, the announcement follows…