Alex Janiaud
February 22, 2023
EU approves subsidies for ArcelorMittal’s ‘two-speed decarbonisation’
The decision to help the steelmaker to build green hydrogen-powered plants in Europe while it maintains coal-reliant production elsewhere has drawn criticism. The European Commission...
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February 22, 2023
UK parliament weighs adding climate assessment to banking regulator’s duties
The Prudential Regulation Authority would be asked to consider the impact of climate change on financial stability, and review institutions’ exposure to fossil fuels, under...
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February 21, 2023
ISSB confirms sustainability disclosure standards effective from January 2024
ISSB references European Sustainability Reporting Standards in S1 as a source of guidance, and says standards build on ‘existing market-accepted framework’. The International Sustainability Standards...
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February 20, 2023
Explainer: Article 9 and its reputational risk for asset managers
Recent downgrades of SFDR Article 9 funds have left market participants in limbo while regulators contemplate further enforcement measures to counter greenwashing practices. Article 9...
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February 20, 2023
BlackRock CEO pinpoints Scope 3 ‘structural problem’
BlackRock's chief executive Larry Fink has said that the presence of private companies in supply chains creates a "structural problem" for businesses looking to report...
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February 20, 2023
Fewer than 5% of European companies ‘transition-ready’ for Paris 1.5C goal
Research shows European companies are not sufficiently advanced with their climate transition plans. The vast majority of European companies have not demonstrated progress required to...
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February 16, 2023
Barclays tightens policy on oil sands and coal financing
The UK bank will stop financing oil sands exploration following years of pressure from activists and investors, but has no new oil and gas policy. Barclays has said that it...
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February 16, 2023
EU looks to fine three member states over failure to incorporate climate directive
The European Commission has referred Croatia, Hungary and Portugal to the Court of Justice of the European Union. The European Commission has asked to impose financial penalties on Croatia, Hungary...
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February 15, 2023
EU tightens definition of renewable hydrogen
New rules seek to provide regulatory certainty to investors but have raised questions over the treatment of nuclear power as a suitable energy source to produce renewable hydrogen. The European...
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February 14, 2023
French regulator seeks minimum criteria for SFDR funds
The Autorité des Marchés Financiers has called for a review of the EU Sustainable Finance Disclosure Regulation. The Autorité des Marchés Financiers, the French financial market regulator, has said it...
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February 14, 2023
ESG biggest regulatory pressure on financial firms, says study
Research by consultancy KPMG has found regulatory expectations on ESG pose greater pressure on financial companies than capital and liquidity rules. Expectations around environmental, social and governance factors were the...
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