FRC urged not to weaken corporate governance rules
Chartered Governance Institute also argues FRC Stewardship Code ‘lacks effective enforcement’
Regulation
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SFDR Articles 8 and 9 may ‘disappear altogether’ as consultation launches
European Commission says there may be ‘demand for establishing sustainability product categories’
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Mifid II sustainability requirements not understood by European wealth managers
13% admit they do not know what the directives are
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Warning letter to Rishi Sunak: UK at risk of losing head start on sustainable finance
UKSIF members write to UK prime minister amid concerns of climate wavering
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Investor coalition urges ISSB to prioritise reporting on human and worker rights
ShareAction says investor demand for greater volumes of better-quality workforce data ‘is at an all-time high’
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UK green taxonomy has chance to get ‘do no harm’ principle right
GTAG says user issues with DNSH in the EU taxonomy can be improved
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UK launches inquiry into role of private investment in nature
Open for feedback until 22 September 2023
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EU introduces disclosure ‘flexibility’ as it adopts sustainability standards
Biodiversity transition plans and contract worker disclosures will become voluntary
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FCA delays SDR until Q4 this year
Previously expected in Q3
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EU passing nature restoration law ‘positive signal’ for investors
But text adopted has been ‘significantly weakened’
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ISSB to take over TCFD monitoring
‘Trailblazing’ climate disclosure taskforce’s work has ‘culminated’
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European standards ‘weaken and compromise’ sustainability disclosure
Asset managers and financial NGOs concerned latest ESRS requirements ‘downgraded’ as consultation closes