Regulation

The move could see the East African country become a leader on climate supervision.

European Systemic Risk Board says tweaks to IFRS accounting standards could improve climate disclosures, while ESMA has separately proposed new ESG disclosure requirements for CRAs.

Draft law exempts CSRD preparers from reporting under Germany's supply chain act, while national standards body's sustainability expertise comes under fire by NGOs.

Requests around additionality were toned down in the final guidance, which the regulator says is 'in principle compatible' with global guidance.

The latest ESG movers and shakers: British Columbia Investments hiring stewardship lead; PRI loses product research head; IIGCC and PRI hiring for nature teams.

Firm will retire assessments of manager commitments to ESG as it prepares for compliance with EU ESG ratings rules and global codes of conduct.

Report will build on previous work and ‘tackle supervision’ for NCAs, as global asset manager warns 'engagement washing' could be next industry issue.

The French financial watchdog is experiencing budget and staffing difficulties amid new CSRD requirements, while other EU regulators have announced plans to assess their resources.

Sustainable Finance Beirat sets out framework for collaborative engagement platform in Germany but warns legal uncertainties remain.

At the same time, banks were also found to be 'highly exposed' to transition risk.