Policy

Public sector accounting standards setter splits workstreams

Sustainable finance rules 'fully consistent with' €800bn defence push, EU says

The EU's sustainable finance rulebook "is fully consistent with" a push to invest €800 billion ($920 billion) in defence, the European Commission said as it suggested it was ready to change sustainable investment disclosure rules to support its objectives.

EU ESG Rating Regulation to penalise small firms and benefit 'big four'

The EU's proposed regulation of ESG ratings firms threatens to penalise smaller data providers and could drive market share to the big US firms that dominate the market, it has been warned.

Australian financial institutions to pilot sustainable finance taxonomy

The Australian Sustainable Finance Institute (ASFI) has published the Australian sustainable finance taxonomy covering "green and transition" activities - including those in minerals, mining and metals - which will now be tested by some of the country's largest financial institutions.

Danger of CSDDD repeal is real, says key architect of NFRD

The prospect of a full repeal of the EU Corporate Sustainability Due Diligence Directive (CSDDD) is real, a key architect of the bloc's foundational sustainability reporting rules has warned.

Revised Stewardship Code could increase reporting burden rather than reduce it, NEST says

The simplified UK Stewardship Code could increase the reporting burden on signatories - contrary to the intended outcome of the overhaul, according to one of the country's largest pension funds.

Basel Committee publishes voluntary climate risk disclosure framework

The influential Basel Committee on Banking Supervision (BCBS) has published a voluntary framework for disclosure of climate-related financial risks by banks rather than integrating it into Pillar 3 requirements as initially intended.

Key MEP proposes raising CSRD threshold to exclude more mid-sized firms

SEC withdraws ESG fund name rules

The US Securities and Exchange Commission (SEC) has formally withdrawn proposals to govern the information fund managers and advisers must provide when they market funds as having an environmental, social or governance (ESG) focus.

Quantitative tightening hampers ECB carbon tilting efforts

The European Central Bank (ECB) said its shift from quantitative easing to tightening has brought an end to its efforts to apply a climate tilt to its corporate bond portfolio.

ISSB 'profiles' degree of alignment of national standards with its own

About 80% of jurisdictions that have said they will use the International Sustainability Standards Board (ISSB) standards plan "full adoption", according to analysis the board said illustrates "the high degree of alignment" with its work.

Cadlas launches climate resilience guide for investor stewardship

Cadlas has published a 'sourcebook' for investors to integrate climate resilience into their stewardship activities.

Investors welcome High Seas Treaty progress

As a treaty to protect international waters moves towards ratification at the UN, investors have told Environmental Finance that this will provide clarity and momentum in the nascent marine investment theme.

Clean Industrial Deal's transformative potential overshadowed by Omnibus, says Schroders

The transformative potential of the EU's Clean Industrial Deal (CID) has been overlooked in public discourse, in part because of the emotive debate about the Omnibus regulatory simplification package, according to Schroders' head of public policy for Europe.

Vietnam launches ETS