Transition finance

Fiducian fined by Australian regulator – NBIM raises governance and sustainability at 43% of H1 company meetings – WBA to launch single assessment framework.

Majority of MEP meetings on Sustainable Finance Disclosure Regulation in July were with oil and gas firms as Transition negotiations stalled.

Catastrophe bond market reaches $37.7bn – ESG equity funds saw net outflows in July – Investor confidence in climate targets 'eroding'.

US fund to integrate climate transition test into manager selection going forward.

Firms plan to classify limited number of funds as Transition while EU debates exclusion of fossil fuel expanders.

Co-operation between supervisors SFC and CSRC is latest sign they are stepping up on transition finance.

Firm finds large majority of companies do not have credible transition plans amid preparations for new SFDR transition category.

But divergence over PRI’s stance on proposed professional investment carve-out in EU's anti-greenwashing regime.

Compromise documents seen by Responsible Investor show alignment on Transition fund exclusions carve-out, but lack of agreement means ECON vote this week unlikely.

Draft framework also includes details on environmental and social safeguards.