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Central banks & regulators
New guidance on reporting for significant owners at companies may lead to big investors pulling back on stewardship, unintended consequences for corporates.
The latest developments in sustainable finance: EU Greens withdraw ECB NGFS membership amendment; Macquarie leaves NZBA.
Vote follows Federal Reserve's departure from green central banking group.
Platform on Sustainable Finance says ESG red tape could be slashed by more than a third without rewriting core EU legislation.
Lawyers predict wave of legal actions as US and global firms grapple with attacks on diversity programmes by new administration.
-80x80.jpg "FRC claims ‘a lot of support’ for revised stewardship definition")
UK regulator's head of stewardship notes need to find 'right balance' as some have called for 'sustainable' to be removed from definition.
Move comes after Japan raised financing for climate transition government agency in 2024.
Scrutiny on companies that acknowledge failed target outcomes could discourage voluntary disclosures, say academics.
It comes following concerns over the effectiveness of sovereign credit assessments in capturing climate risks.
BaFin flags physical risk as priority for supervision, FCA highlights challenges with channelling finance to adaptation.