Regulation

Climate finance initiative seeks feedback on guidance for transition plans that it hopes will form the basis of regulation.

If proposals are approved next month, it could widen the gap for asset managers between regulatory expectations and client demand.

First code of conduct for the ESG data industry will focus on analyst capabilities and resources.

The latest developments in sustainable finance: BlackRock expands 'voting choice' service to half of clients; Singapore publishes green financing framework.

UK’s £37bn railways pension scheme launches $1trn investor initiative on unequal voting rights with US public funds.

The latest ESG movers and shakers: Amundi nabs Lyxor head of RI, Martina Macpherson joins SIX.

Issues addressed include the scope of regulation, suitability of ESG ratings for the retail market and market standardisation.

The news comes as the Alliance for Green Commercial Banks lines up global banking giants including HSBC and Citi as ‘cornerstone members’.

World’s largest banks and managers deny they meet Texas’s legal threshold for boycotting fossil fuels

The latest developments in sustainable finance: SASB Standards Board recommends changes prior to handover; UK government reveals audit and governance reforms.