Khalid Azizuddin
India is currently behind its peers on the development of a green taxonomy.
The latest developments in ESG-related funds: Germany commits €2bn to UN flagship climate fund; Aviva Investors makes LTAF debut.
Long-awaited proposal follows last year’s public consultation, which saw majority backing for legislative intervention in the ESG ratings space.
Companies and financial institutions will need to comply with the new rules by January 2024.
Investors are increasingly concerned about company approaches to managing industrial relations, said PIRC and ShareAction.
Work on climate change does not mean central banks are wading into politics, Villeroy argues in London speech.
The ECB issued a separate warning on the quality of banks’ climate-related disclosures.
These include new requirements on gender equality, board effectiveness and investor engagements.
It comes as BoE's Sarah Breeden says UK companies should use carbon prices consistent with net-zero pathways to understand the impact of the green transition.
The bloc has also agreed to develop an emissions database for the steel sector.