Policy and Regulation
Non-white directors occupy 20% of US corporate board seats, study finds
Research by ICS shows that ethnic minority directors occupy a growing share of corporate board seats at some of the largest publicly traded companies in...
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February 27, 2023
Explainer: Where does the UK stand with its taxonomy?
The British government is biding its time over legislating for its green taxonomy. The UK taxonomy, which will aim at defining environmentally sustainable investments through...
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February 27, 2023
UK pensions regulator threatens fines in clampdown on schemes’ ESG disclosures
The Pensions Regulator is increasing its scrutiny of pension schemes’ compliance with ESG disclosure rules. Pension schemes will be contacted by The Pensions Regulator to...
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February 24, 2023
BNP Paribas hit by climate lawsuit in France
Three non-profits are suing BNP Paribas for taking insufficient action to end fossil fuel financing, though the bank insists its strategy of reducing oil and...
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India’s renewables tendering fails to match its ambitions
While India is one of the world’s largest producers of renewable energy, its tendering process has slowed, and is at odds with government targets. India...
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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 tabled amendments to the Financial...
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February 22, 2023
Philippine regulator unveils guidelines for SLB issuance
The Philippine’s financial markets regulator has published guidelines for the issuance of sustainability-linked bonds as it bids to boost investment in areas of ‘environmental or social concern’. The Securities and...
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February 22, 2023
Including best-in-class planes in EU taxonomy is ‘pure greenwashing’
Non-profit T&E says aircraft manufacturers need to focus their efforts and investments on building zero-emissions planes ‘that are truly green’. The inclusion of “best-in-class” airlines in the EU taxonomy, aimed...
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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 Board has confirmed, at a...
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February 21, 2023
Lula restarts Brazil’s green policy agenda
The Amazon Fund, created to combat deforestation in the world’s largest rainforest, is back on track, with the US and the UK considering donations. The pledge of Brazil’s new president,...
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