Regulation

Market participants disagree on future fund labelling system but mainly back disclosures for all funds, eliminating entity-level PAIs.

Update follows floating of transition-focused ‘taxonomy-aligned’ benchmarks by EU’s Platform on Sustainable Finance.

Financial institutions will only be required to conduct due diligence on their own operations but will have to implement 'robust' transition plans.

The latest developments in sustainable finance: UK launches voluntary code of conduct; Lack of ‘strong language’ on fossil fuels at COP28 ‘poses risk to progress’, say investors.

Regulator sets out draft principles for sustainability claims, flags poor disclosures around net zero alliance departure as bad practice.

In an interview with RI, Emmanuel Faber dismisses the idea that differences in adoption undermine the global baseline and gives his definition of interoperability.

The latest developments in sustainable finance: Finland to transpose CSRD by year-end; Mercer Super reaches settlement in greenwashing case.

The latest developments in sustainable finance: JP Morgan climate metric in line with NZBA protocols, says alliance; GFANZ APAC chapter issues guidance on coal phase-out.

Measures to encourage demand for smaller providers have also survived a key parliamentary vote.

The initial development phase covers green and transition criteria for climate mitigation, as well as DNSH criteria and minimum social safeguards.