More sustainability-labelled funds needed to invigorate the UK market, as interoperability with EU remains a priority. Labelling rules for UK-domiciled sustainable funds have introduced more transparency and rigour, but there is still work to be done to ensure a wide spectrum of choice for investors. Finalised in November 2023, the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) were intended…
Canadian Regulators Hit Pause on Mandatory Climate Reporting Requirements
Canada’s securities regulators announced that they are pausing their work on the development on key sustainability reporting initiatives, including a new mandatory climate-related disclosure rule and amendments to diversity-related disclosure requirements. According to the Canadian Securities Administrators (CSA), the umbrella organization of Canada’s provincial and territorial securities regulators, the move to pause the development of new sustainability reporting requirements is…
Sustainable funds suffer worst quarter of outflows on record
Sustainable funds suffered their worst outflow on record in the first quarter as investors globally withdrew a record-breaking $8.6bn throughout the period, according to Morningstar Sustainalytics. It unravelled the optimism injected in the previous quarter when inflows of $18.1bn signalled glimmers of hope for the sector. Much of this year’s outflows came from US investors, who withdrew $6.1bn – it’s…
Ashmore Group launches Article 9 emerging markets impact strategy
Ashmore Group has launched its Emerging Markets Impact Debt Strategy, aiming to deliver both financial return and positive, measurable environmental and social impact aligned with the United Nations Sustainable Development Goals (UN SDGs). The SFDR Article 9 strategy will be managed by a dedicated impact team within Ashmore’s Blended Debt Sub-Investment Committee, led by Simon Cooke, head of impact debt….
Government consultation on voluntary carbon credit standards ‘to drive green investment’
Industry experts have welcomed the UK government’s decision to open a consultation on the establishment of a global framework to build trust and confidence in carbon and nature credit trading. The proposal includes a set of principles to guide and support businesses on how to use carbon credits, making clear what a good credit is, ensuring they are delivering environmental…
Guest Post – Reset with Purpose: Navigating CSRD and the Next Chapter in Sustainability
By: Esther Toth, Senior Industry Principal of Sustainability at Workiva The European Commission’s proposed Omnibus Simplification Package aims to streamline sustainability-related due diligence and reporting and limit mandatory disclosure to only the largest companies. However, the Commission insists these changes won’t alter the EU’s decarbonization goals or broader ambitions around the net zero transition and clean industrial strategy. Ahead of…
Mirova targets Europe’s 600 largest companies for biodiversity engagement campaign
Mirova, an affiliate of Natixis Investment Managers, has launched a campaign writing to the 600 largest European companies asking them to raise their disclosure standards on biodiversity issues. See also: Financing nature: Why COP30 must deliver on the climate-nature nexus Launched ahead of general meetings, Mirova has sent out written questions in the campaign to all companies in the STOXX 600…