Regulation

Germany raises international biodiversity funding to €1.5bn per year; Uruguay publishes sovereign sustainability-linked framework with nature KPI; investors write to finance ministers.

Shortfalls in corporate reporting – particularly on Scope 3 emissions – risk undermining the net zero project. We must build sturdier foundations for sustainable finance.

Fidelity Investments and Wells Fargo declined to comment on whether they planned on following suit and/or reviewing their sponsorship.

Barclays says some RFPs include 'greenwashing' sections asking about fund downgrades as it predicts more attention on Article 9 passives.

Officials from New York City, California, Rhode Island, Washington and Oregon are among the signatories.

Ground-breaking legislation would require financial institutions to conduct due diligence to avoid financing activities that contribute to the degradation, conversion or loss of forests.

Announcement comes days after RI reported discussions on departure by unnamed NGOs.

Truss appointment ‘does not bode well’ for sustainability agenda in the short term, says BNY Mellon Investment Management.

UK workplace pension scheme publishes first mandatory TCFD report with scenario analysis by Aon.

The bill would make regulators responsible for the growth of the UK’s financial sector despite expert warnings.