Securities regulator to create conditions for China-US cooperation on audit supervision, strengthen market communication, and stabilise policy expectations.
Switch of focus from equity to debt will yield greater real-world impact on climate change mitigations, according to ISS ESG.
New guidance seeks to end information deficit for investors, encourages firms to incorporate water related financial risks and opportunities in mainstream reporting.
After an avalanche of activity in H1 2021, institutional investors should expect no let-up as the Commission seeks to clarify ESG-related rules ahead of COP26.
Fund managers have 12-15 months to comply with the requirements, which cover governance, investment management, risk management and disclosure.
‘Biodiversity COP’ delay confirmed, as firms advised to “understand their dependency on and impact on nature”.
Celene Lee, Investment Principal at Buck, says UK pension scheme trustees should treat new climate disclosure rules as the start of a large-scale and ongoing transformation.
Property sector will face increased UK and EU regulatory pressure to decarbonise.
Institutional investors in Australia and New Zealand are setting more stringent carbon emission targets, but need public sector support to hit net zero.
As the COP26 summit fast approaches, policymakers must overcome the inertia and infighting that has typified recent climate diplomacy.
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