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Central banks & regulators
Europe’s central bank says it will take ‘remedial action' on pathway deviations as staff pension fund almost entirely ditches fossil fuels.
Market regulator SEBI said it made the changes to ease compliance and reduce costs.
Verena Ross responds to challenge on lack of ‘market signals’, telling RI Europe actions will come but national supervisors still on learning curve.
US bankers also flag challenges around data timing mismatches and 'black box' climate modelling.
The latest developments in sustainable finance: AP7 excludes seven oil and coal companies; Railpen says voting pre-disclosures 'opened door' for engagement with Alphabet.
![Aerial view of offshore wind turbine farm at sea. Also available: [url=stock-photo-21845469-wind-turbines-in-the-ocean.php][img]http://i.istockimg.com/file_thumbview_approve/21845469/2/stock-photo-21845469-wind-turbines-in-the-ocean.jpg[/img][/url]](https://media.responsible-investor.com/uploads/2022/02/GettyImages-185329435-80x80.jpg "Phoenix backs ‘Solvency sandbox’ to boost UK sustainable investment")
Firm says proposal would unlock more money as part of policy manifesto to 'unleash capital' for net-zero investments.
The latest developments in sustainable finance: CalPERS to vote against all Exxon directors; NBIM to vote against TotalEnergies CEO.
European Commission confirms proposed 'Level 2' changes to SFDR regime still being assessed, no timeline for adoption.
Growing demand from members to 'steer real-world outcomes' prompts central banking group to set up stewardship forum.
Industrial policy is key to decarbonising the economy but financial policy should not be seen as 'second best', says RI's new columnist.