The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, announced the launch of a consultation on a new proposal to extend its new Sustainability Disclosure Requirements (SDR), including rules aimed at helping investors assess the sustainability attributes of investment products, and to avoid greenwashing risk, to portfolio managers. The proposal follows…
Lawmakers in the European Parliament voted 374 to 235 to adopt the Corporate Sustainability Due Diligence Directive (CSDDD), a key piece of legislation setting mandatory obligations for companies to address their negative impacts on human rights and the environment, clearing a major hurdle towards the implementation of the new law, which came into significant doubt when an earlier version failed…
By: John McCalla-Leacy, Global Head of ESG at KPMG In 1970 a group of committed environmentalists launched a day for the world to come together and commit to positive change. Five decades on, Earth Day remains a key symbolic moment for people like me to raise awareness of the acute climate crisis facing the planet right now. Earth Day is about…
The International Sustainability Standards Board (ISSB) has agreed that SASB Standards enhancement will be a priority as part of its work plan for the next two years. The industry-based SASB Standards continue to be used as a cost-effective way of providing decision-useful information to investors. Companies applying IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information are required to…