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…