French SRI fund label changes to hit EM funds
No-go jurisdictions pose divestment question for managers
Regulation
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CSDDD vote delay ‘a leadership failure’ amid rising tensions
Germany and Italy indicated they would abstain from the vote
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ESMA given regulatory powers over ESG ratings
New rules to authorise ESG ratings, improve transparency and avoid conflict of interest
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GRI updates biodiversity standard to meet stakeholder demand
Helps companies disclose significant operational and supply chain biodiversity impacts
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Banks face penalties and legal action over fossil fuel funding
Dutch banking group ING has become the latest to come under threat of legal action over fossil fuel investment
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Corporate governance code revision ‘a more balanced approach than originally proposed’
The Financial Reporting Council has released changes to the code after taking industry feedback
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Jan Oliff Financial Planning Q&A: Regulation and the public encourage greenwashing
‘It takes determination to discover the truth’
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‘Significant number’ of boards lack basic sustainability expertise
Only 2% of companies stand out as ‘beacons of progress’
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FCA appoints Godfrey and Dreblow to run sustainable advice working group
Godfrey will appoint further members from across the industry
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Over 100 financial firms among early adopters of TNFD recommendations
‘A milestone moment for nature finance and corporate reporting’
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Passives to be ‘significantly underrepresented’ in SDR labels
Morningstar analysis shows high number are not within the scope of FCA labelling regime
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SFDR review responses: Go further with mandatory disclosures and formalise fund labelling
Industry at odds over whether it’s appropriate to ditch Article 8 and 9 ‘labels’