In September 2022, the FCA sent a portfolio letter to benchmark administrators where the FCA highlighted the risk of poor disclosures for ESG benchmarks. High quality ESG benchmarks are important to support trust in the market for ESG products and the transition to a net zero economy.
The FCA have now completed a preliminary review on…
While there has been a lot of focus on climate relate disclosures in recent years, the past year saw some significant import placed on biodiversity and nature in the wider sustainability realm.
The TNFD, or Taskforce on Nature-related Financial Disclosures, is an international initiative that aims to establish a framework for companies and financial institutions to…
The Financial Reporting Council has issued a joint statement with the FCA, the BoE and the TPR welcoming the Government’s update to the Green Finance Strategy, which recognises the role of the financial sector in delivering global and domestic climate and environmental objectives to ensure the UK is a leading centre of Green Finance.
The FRC…
U.S. President Joe Biden on Monday rejected a Republican proposal to prevent pension fund managers from basing investment decisions on factors like climate change, in the first veto of his presidency.
“I just signed this veto because the legislation passed by the Congress would put at risk the retirement savings of individuals across the country,” Biden…
This week the European Supervisory Authorities (ESAs), together with the European Central Bank (ECB) published a statement encouraging disclosure standards for climate-related data on securitised assets.
The ECB and ESAS argue that there is a lack of climate-related data on the assets underlying structured finance products, posing an obstacle to the proper assessment of climate-related risks…
Combating Greenwashing through the Advent of ESG Reporting Software
As highlighted by Gartner researchers, political entities globally are expected to endorse nation-state initiatives for investing tens of trillions of dollars towards climate mitigation between 2025 and 2035. The business sector, motivated by consumer demand and driven by progressively stringent regulations, has responded by taking action toward establishing…
ESG is reshaping the global landscape as stakeholders increasingly want businesses to adopt more sustainable practices. Without a doubt, the business discourse no longer focuses on growing and increasing earnings. Similarly, the investment’s emphasis has moved from a corporation that thrives on financial development to a company that considers both financial and non-financial considerations.
Moving…
According to the EU’s new Corporate Sustainability Reporting Directive (CSRD), the introduction of Inline XBRL in mandatory sustainability reporting is becoming increasingly vital. Investors, regulators, and stakeholders are placing greater emphasis on Environmental, Social, and Governance (ESG) issues, resulting in new demands for companies to provide ESG data with greater transparency.
WHAT IS THE ESG PROPOSAL ALL…
