Climate change

The scheme says it was not in favour of 'blanket exclusion' on fossil fuels.

The rules largely mirror the TCFD reporting structure, in addition to bank-specific KPIs.

Announcement comes as oil major doubles down on support for legal action against filers of climate proposals.

Acting in concert continues to hinder collaborative engagement as multiple firms engage BaFin, CA100+ over Phase 2 disclosure requirements.

It will gradually phase in Paris-aligned transition plan requirements, with the first set of exclusions expected in April.

The rules are set to apply to the EU ESG ratings market 18 months after adoption.

Ørsted’s offshore wind woes are a timely reminder of the limits of the private sector's capacity to deliver the energy transition, says Simon Glynn.

Investigations by right-wing attorneys general tipped to continue after big asset managers quit climate collaborative engagement initiative.

Two pension schemes drop off list of stewardship code signatories – one citing resource constraints – as campaign group examines policies and priorities.

ICMA says the area is one to watch as it publishes paper on transition finance in bond markets and proposes integrated transition plan framework.