Funds

Islamic investment products will be benchmarked against recognised ESG market frameworks.

The latest developments in sustainable finance: CalPERS to vote against all Exxon directors; NBIM to vote against TotalEnergies CEO.

European Commission confirms proposed 'Level 2' changes to SFDR regime still being assessed, no timeline for adoption.

The latest developments in sustainable finance: Bafin president calls for streamlining of sustainability regulation; Banking on Climate Chaos report flags funding for hydrocarbon expansion.

The Responsible Investment Association Australasia has produced the three-category sustainability classification system in response to market demand.

Half of respondents to consultation want new category system, but Brussels says views are still divided.

IA survey finds limited appetite for meeting July starting gun, but majority of firms will look to label by December.

FSA says Jyske sustainable fund name should reflect investment process, but firm says regulator is enforcing rules more stringently than ESMA.

The latest developments in sustainable finance: ‘Strong’ preliminary results on US bank green finance proposals, says NYC comptroller; UK Treasury and IA say defence companies ‘compatible’ with ESG.

Proposed move to extend SDR to apply to portfolio management services comes ahead of introduction of fund-level ESG labels in the UK.