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Australian investors publish legal opinion on corporate climate disclosures and director duties.
The EU’s first set of draft CSRD rules was published in 2022.
Move comes as Danish regulator issues improvement orders to eight funds over sustainability disclosures.
The FRC’s head of stewardship Claudia Chapman tells investors to hold managers to account if they are not satisfied.
Mark Uyeda raised ‘significant concerns’ about ESG rating standards in speech on lack of definition in sustainable finance.
Auditors are expected to play a key role in ensuring the integrity of ESG and climate reporting.
LCP warns that lack of explicit climate expectations means risk is ‘unlikely to be adequately addressed’ by schemes.
EU’s financial watchdogs submit views on EFRAG’s draft sustainability standards to the European Commission.
Passive funds, mainly tracking PABs and CTBs, accounted for a disproportionate amount of those that dropped the Article 9 classification.
Investors and industry groups welcome ambition of proposals but submit long list of concerns, alterations and clarifications.