-238x150.jpg "FRC claims ‘a lot of support’ for revised stewardship definition")
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Central banks & regulators
-80x80.jpg "FRC claims ‘a lot of support’ for revised stewardship definition")
UK regulator's head of stewardship notes need to find 'right balance' as some have called for 'sustainable' to be removed from definition.
Move comes after Japan raised financing for climate transition government agency in 2024.
Scrutiny on companies that acknowledge failed target outcomes could discourage voluntary disclosures, say academics.
It comes following concerns over the effectiveness of sovereign credit assessments in capturing climate risks.
BaFin flags physical risk as priority for supervision, FCA highlights challenges with channelling finance to adaptation.
Local regulator will also develop ISSB-aligned disclosure rules and transition plan guidance for banks.
The latest developments in sustainable finance: BlackRock settles Tennessee ESG integration lawsuit; US Fed withdraws from NGFS.
The latest developments in sustainable finance: More SDR updates; Bank of China joins TNFD.
The latest developments in sustainable finance: Commission escalates with Sweden over CSRD; advisory group backs UK ISSB adoption.
With all eyes on Trump 2.0, investors express cautious optimism on climate but concerns over SEC and corporate direction.