Climate change

The firm also warned against the rise of 'orphaned emissions' which are excluded from company tallies.

New York City Comptroller office shifts focus with pioneering resolution at six North American banking heavyweights, including JPMorgan Chase, Bank of America and Goldman Sachs.

Researchers were unable to find evidence of a 'greenium' for sovereign green bonds in the region.

The data firm has identified two key Scope 3 categories for disclosure in each sector and calls on regulators to provide greater guidance on what corporates should report on.

The first batch of avoided emissions products is expected early next year.

IIGCC-convened working group plans to produce guidance on tackling portfolio Scope 3 and determining category materiality by sector.

Morningstar's data also shows that ETF providers cut fees for the product class for the first time since PABs and CTBs were introduced.

The ECB also flags elevated litigation and reputational risks for banks that have publicly committed to decarbonise by 2050.

New guidance provides detail on the ESG disclosures and risk management systems that will be assessed under the EU’s prudential regime.

Focus on Shell means UK oil major avoids emissions target resolution for the first time since 2019.