EU regulator also flags effect of US anti-ESG backlash on ability of shareholders to engage on climate.
The exit marks the initiative’s fourth departure in two years.
Swiss financial giant responds to government's acceptance of NGO complaint over private prisons investments.
The latest movers and shakers in sustainable finance: UKSIF announces candidates for board spots; ex-CIO of Wespath Benefits named FaithInvest executive chair.
Meanwhile, energy companies Santos and Woodside voice concerns over exclusion of abated and natural gas in framework.
New York City comptroller sets out how he will step up scrutiny of managers.
The latest developments in sustainable finance: NY State fund invests $2bn in climate strategy; Candriam launches 'ESG market-neutral' fund.
Local asset owners also put pressure on Finnish forestry company, while NGO pauses relationship.
Chile proposes amendments to sustainability reporting regulation to align with ISSB; Botswana publishes guide for voluntary disclosures based on double materiality.
It comes as Glass Lewis opposes resolution filed at apparel giant in response to alleged controversies in Cambodia and Thailand.