The UK Competition and Markets Authority (“CMA“) has announced that three fashion retailers have signed voluntary undertakings to ensure that consumers have a clearer idea of how green their clothes really are. At the end of March 2024, ASOS, Boohoo and George at Asda committed to only make green claims about their products that are accurate, clear and not misleading….

On 23 April 2024, the UK’s Financial Conduct Authority (“FCA“) published its “Finalised non‑handbook guidance on the Anti‑Greenwashing Rule (FG/24/3)” (the “Guidance“). The FCA has published the Guidance to help in-scope firms understand and comply with the anti-greenwashing rule, which will come into effect on 31 May 2024. Background The anti-greenwashing rule is part of a package of measures that…

Industry pundits make the case for why Australia is on its way to becoming a climate leader. If one thing is clear by now when it comes to the climate crisis, it’s that investors cannot solve it on their own. Policies, regulations and wider laws are among the many elements that set the path and guide them on their journey…

New risk centre builds on existing climate and nature risk programmes, encouraging a holistic approach to sustainability challenges. The UN Environment Programme Finance Initiative’s (UNEP FI) has opened a new risk centre centralising its resources on climate and nature risks, aiming to help members better identify and manage the ones that are financially material. The centre will offer an integrated…

Robeco’s Head of Fixed Income argues that the hunt for “perfect” forward-looking emissions data cannot stand in the way of progress. Limited forward-looking emissions data must not deter investors from implementing transition investment strategies where they are most needed, an industry expert has told ESG Investor.  Thu Ha Chow, Head of Fixed income at global asset manager Robeco, deems that…

Institutional investors double down on desire for diversity, with an increase of more than 60% in charter participation. The Asset Owner Diversity Charter (AODC) has looked to accelerate its work on promote diversity, equity and inclusion (DEI) among fund managers, having recently introduced an advisory board. The board was launched on 9 April, with members’ organisations including HSBC Asset Management,…

Latest iteration of the alliance’s target-setting protocol expands coverage to private markets, providing more detail on sovereign debt.  The Net Zero Asset Owner Alliance (NZAOA) has called on governments to better align with climate science to prevent a gap between their emissions reduction target-setting and decarbonisation progress in the real economy.   “Governments plays such a huge role as enablers for…