EU missed opportunity for ‘transformative change’ as financial firms excluded from CSDDD
Industry reacts to conclusion of political negotiations on the Corporate Sustainability Due Diligence Directive
Industry reacts to conclusion of political negotiations on the Corporate Sustainability Due Diligence Directive
Stewarts’ Elisa Wahnon says asset managers needs to closely look at underlying data to avoid falling foul of the rules
Failing to meet ‘do not significant harm’ criteria
Long-awaited SDR includes changes such as a fourth fund label, and less prescriptive stewardship and disclosure rules
Measures intended to unlock investment in the transition ‘don’t go far enough’
Disclosure of adaptation plans now included
Fund labels, disclosure requirements and sustainable definitions all under the consultation microscope
To retain the label, funds will need to address holdings in oil and gas companies that will be excluded
Ahead of SDR the UK regulator spotlights ESG inconsistency, and lack of stewardship and governance, in retail funds
Includes proposals relating to the role of audit committees on ESG
‘Simple and effective’ label urged to be adopted by all sustainable funds
Groups respond to TAC consultation saying IFRS S1 and IFRS S2 should become UK regulatory requirements