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IFD publishes climate transition governance recommendations; BNP Paribas AM updates global sustainability strategy.
Investors have asked for alignment with existing labelling schemes in the EU, UK and US.
The latest developments in sustainable finance: Barclays expects investors to hold off using new UK fund labels; NZBA welcomes first Chinese bank.
-80x80.jpg "SFDR has helped drive fund decarbonisation, study finds")
Article 8 and 9 funds decarbonised more on average than other sustainable funds after SFDR implementation, say researchers.
Firm opposes mandatory baseline disclosures but backs new labelling system, while BVI and Eurosif also publish consultation responses.
'Disappointment' over lack of SFDR alignment, support for Paris-aligned transition plan requirements.
Market participants disagree on future fund labelling system but mainly back disclosures for all funds, eliminating entity-level PAIs.
Australian Ethical and Market Forces have co-filed resolutions focused on transition plan requirements at NAB and Westpac.
Regulator sets out draft principles for sustainability claims, flags poor disclosures around net zero alliance departure as bad practice.
Members approve new governance structure for FNG Label at heated AGM but elections for new FNG board and other issues delayed until 2024.