Khalid Azizuddin
Compromise documents seen by Responsible Investor show alignment on Transition fund exclusions carve-out, but lack of agreement means ECON vote this week unlikely.
-80x80.png "People & Appointments: Walmsley named Tumelo stewardship solutions head")
The latest movers and shakers in sustainable finance: Viñes Fiestas joins LSE research centre board; Nigel McKeverne appointed PRI head of Europe and Africa.
Sustainability data and ratings providers to combine under EthiFinance brand with aim of creating European 'regional champion'.
ESG ratings providers have until early August to notify the regulator of intention to request approval to distribute in EU.
Removing exclusion would avoid 'paper decarbonisation' and enable transition finance in coal-dependent regions, investor body argues.
The draft legislation will now undergo at least two months of scrutiny by EU legislators before final adoption.
Early draft framework approved and renamed, with reservations around potential 'mixed approach' on climate and other sustainability issues.
It comes amid concerns around duplicative reporting and fragmentation of sustainability standards.
The initiative is set to launch this year and aims to support global interoperability, particularly across smaller markets.
Transition investments in fossil fuels to be subject to new transition plan and transparency requirements under Council of EU proposals.