Regulation

The responsible investment forum cited concerns about the ongoing work to revise the country's SRI label.

Final statement now expected in Q3, as the UK regulator considers feedback, such as on refining some of the specific criteria for labels.

The Pensions Regulator says majority of schemes show encouraging progress, expects trustees to start looking at TNFD.

The latest developments in ESG-related funds: Morgan Stanley IM launches two Article 8 fixed income funds; NBIM acquires stake in German offshore wind project.

The latest developments in sustainable finance: AP Pension divests €41m from fossil fuel firms; Investors support EU's proposed forced labour product ban.

New York City Office of the Comptroller, CalSTRS, Franklin Templeton, Generation Investment Management, and Patagonia among 200+ signatories of statement.

Inconsistencies and ambiguities around the minimum social safeguards are among key concerns, as well as need for a transition and social taxonomy.

UNGC Coalition focusing on asset owners; investor engagement group to publish company water benchmark; CDP calls for mandatory corporate water disclosure risks.

The latest developments in sustainable finance: Texas blacklists HSBC for energy policy; investors stepped up decarbonisation in 2022 despite energy crisis, Robeco finds.

Plus Arab Monetary Fund issues guidelines on integrating ESG considerations within sovereign debt.