Regulation

Review of manager alignment with guiding principles finds some progress, but improvements needed on stewardship and 'unexpected' ESG fund holdings.

The latest developments in sustainable finance: ECB’s Elderson threatens daily fines for banks which fail to meet climate change supervisory expectations; NZAOA sets out expectations on AMs for climate engagement.

IFM Investors and Hesta welcome the climate-focused framework, but call for the introduction of other sustainability metrics.

Head of sustainable finance Viet-Linh Nguyen speaks with RI on the EU regulatory framework puzzle, greenwashing and 2024 priorities.

Bond buyers welcome increased transparency under new regulation but warn that take-up of the standard is unlikely to be swift or widespread.

Sources following the process say that France has been lobbying for the removal of the sector from the bloc's due diligence directive.

The bloc’s sustainable finance agenda has 'lost sight of the most important thing', says Green Bond Standard rapporteur.

Majority of SLB issuers yet to hit end of 2023 goals per Barclays; Daoist ESG investor hub to be set up in Hong Kong.

The Managed Funds Association calls on financial watchdog to learn from EU, following European Commission's consultation on SFDR regulations.

AFM calls for Article 8 and 9 abolition and proposes three fund labels, as well as mandatory adverse impact reporting for all products.