‘Woke’ debate distracts from fiduciary duties to investors and society The backlash in the USA against ESG (Environmental, Social and Governance), such as legal moves in the State of Texas to restrict financial institutions from using ESG investing criteria, raise…
Corporate and sovereign credit quality is likely to be impacted by heightened ESG risks in 2023, with contributing factors including greater scrutiny of climate-related plans and growing regulatory and political pressures exacerbated by the macroeconomic and geopolitical issues stemming from…
Short-term risks are threat to efforts to tackle longer-term risks as they are notably related to climate change, new report by World Economic Forum says. LONDON The cost of living crisis is the biggest short-term global risk while the failure…
Companies reporting under the new climate disclosure standards being developed by the International Sustainability Standards Board (ISSB) of the IFRS Foundation will be given an additional year to report on Scope 3 emissions, or those originating in a company’s value…
The Kunming-Montreal Global Biodiversity Framework promises to end the decline in nature, but can it really catalyze the transformation in business models that is required? On the same day as diplomats in Montreal celebrated the adoption of a historic new global…
EU banking supervisor The European Banking Authority (EBA) announced the publication of its new “Roadmap on Sustainable Finance,” detailing its 3-year priorities and plans in the areas of sustainable finance and in supporting and monitoring the integration of ESG risk…
The Australian government announced today the launch of a consultation paper on the development of a climate risk disclosure framework for businesses and financial institutions, with plans to make the reporting rules mandatory for large entities. The consultation considers implementing…
Demand for services would rise amid forthcoming SEC rules A rush of regulation and investor pressure is forcing companies to do a better job of tallying up the environmental impact of their operations and the products they sell. That’s stirring…