Data & Disclosure

The French financial watchdog is experiencing budget and staffing difficulties amid new CSRD requirements, while other EU regulators have announced plans to assess their resources.

At the same time, banks were also found to be 'highly exposed' to transition risk.

It follows a gradual broadening of the UN Guiding Principles to include the financial sector.

The latest developments in sustainable finance: NYC pensions successfully engage with retail giants to disclose diversity data; BSI consults on nature market principles standard for UK.

Much remains uncertain as the multiple cases against the SEC climate rule wind their way through the justice system.

Australia launches consultation on assurance for climate reporting; Hesta engagement with Woodside fails; Rio Tinto promises more transparency on climate disclosures.

The minimum capital requirements for banks are also being reviewed for climate additions.

It comes as several managers told RI they are confused about the scope of the regulation, which was agreed last month.

Market participants asked whether relief reporting on Scope 3 and disclosures beyond climate-related risks and opportunities should be introduced.

ERAFP recommends voting against auditors if CSRD assurance is lacking in detail to "emphasise the importance of verifying this data".