Regulation

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

Much remains uncertain as the multiple cases against the SEC climate rule wind their way through the justice system.

Australia launches consultation on assurance for climate reporting; Hesta engagement with Woodside fails; Rio Tinto promises more transparency on climate disclosures.

The topic has drawn attention from regulators following the release of PCAF’s voluntary standard.

Legal affairs committee vote paves way for due diligence directive to move on to a full plenary vote next month.

The minimum capital requirements for banks are also being reviewed for climate additions.

Future of due diligence directive much brighter after 'watershed moment', although the text has been watered down further.

Market participants asked whether relief reporting on Scope 3 and disclosures beyond climate-related risks and opportunities should be introduced.

ERAFP recommends voting against auditors if CSRD assurance is lacking in detail to "emphasise the importance of verifying this data".

Proposed regulatory changes would negatively impact asset managers who depend on benchmark provider data to meet SFDR requirements.