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After two years of complaints about EU’s fund sustainability regulations, financial institutions are queasy about impending reform

The European Commission says it may completely rethink its SFDR transparency framework for the sustainability of investment funds. Will ripping up the rules and starting again make matters worse? The post After two years of complaints about EU’s fund sustainability regulations, financial institutions are queasy about impending reform appeared first on VitalBriefing.

After two years of complaints about EU’s fund sustainability regulations, financial institutions are queasy about impending reform

The European Commission says it may completely rethink its SFDR transparency framework for the sustainability of investment funds. Will ripping up the rules and starting again make matters worse? The post After two years of complaints about EU’s fund sustainability regulations, financial institutions are queasy about impending reform appeared first on VitalBriefing.

Climate Risk Management Principles Finalized by US Banking Regulators

On October 24, 2023, the US federal banking regulators finalized interagency principles for the effective management and supervision of climate-related financial risks (the “Climate Principles”).1 The Climate Principles are targeted at larger banking organizations and are intended to convey consistent supervisory expectations regarding how climate-related financial risks should be managed. The US federal banking regulators had separately proposed the Climate Principles…

DWS, MEAG Acquire Biomethane Producer Weltec

DWS, MEAG Acquire Biomethane Producer Weltec

DWS, one of the largest asset managers in Europe, and MEAG, the asset manager of Munich Re and ERGO, announced today the joint acquisition of German biomethane and biogas producer Weltec. Based in Vechta, Lower Saxony, Weltec owns and operates five biomethane and four biogas plants across Germany. Biogas is produced from organic waste, such as agricultural, industrial, and household…

Fidelity Hires Phil Cliff, Aaron Hay as Sustainable Investing Directors

Fidelity Hires Phil Cliff, Aaron Hay as Sustainable Investing Directors

Investment management firm Fidelity International announced today the expansion of its sustainability team with two new senior hires, including Phil Cliff, joining from M&G Investments, and Aaron Hay, from Federated Hermes, as Directors, Sustainable Investing. The announcement marks the latest in a series of senior sustainability-focused appointments for the firm, including the recent appointment of Jenn-Hui Tan as its first…

Research on Modern Slavery Reveals Investors’ “Defensiveness”  

Global North remains ahead on collaborative efforts, but African investors prioritise social risks in investment approaches.  New research and guidance for the financial sector on tackling modern slavery puts Global South investors and people with lived experience of slavery in the conversation for the first time.  The research is based on in-depth interviews with 40 investors from Africa, South-East Asia…

Apple, Nike, Launch Initiative to Accelerate Adoption of Clean Energy in Supply Chains

Apple, Nike, Launch Initiative to Accelerate Adoption of Clean Energy in Supply Chains

A coalition of large U.S. companies announced the launch of the Clean Energy Procurement Academy, a new initiative aimed at addressing supply chain emissions by equipping companies with skills and knowledge required to explore and adopt clean energy. The project was initiated by Apple and Nike through the non-profit Clean Energy Buyers Institute (CEBI), and joined by companies including Amazon,…

SEC Chair: Investors Want Supply Chain Emissions Reporting to Manage Transition Risk

SEC Chair: Investors Want Supply Chain Emissions Reporting to Manage Transition Risk

Investors are backing the U.S. Securities and Exchange Commission’s (SEC) proposal for Scope 3 value chain emissions reporting from companies, saying that it provides them with key information to assess company risk, according to SEC Chair Gary Gensler’s comments in a forum discussion at the U.S. Chamber of Commerce. The comments suggest that Scope 3 emissions reporting will likely remain…

Dismay Follows UK Rowback on Corporate Governance

Proposed reporting rules shelved and UK listing barriers lowered as government scrambles to attract businesses.   The scrapping of a bill that would have strengthened corporate governance reporting requirements for UK companies has investors and policy experts questioning what this means for broader reform ambitions.  The plans were originally set out in July, proposing that businesses with a turnover of…

Coca-Cola Launches 100% Recycled Plastic Bottles in Canada

Coca-Cola Launches 100% Recycled Plastic Bottles in Canada

The Coca-Cola Company announced today the launch of 100% recycled plastic bottles in Canada, with all 500 ml sparkling beverages bottles – including flagship brands Coca-Cola, Sprite and Fanta – in the country using 100% recycled plastic, excluding caps and labels, by early 2024. According to the company, the move will save 7.6 million pounds of new plastic in 2024,…