Policy and Regulation
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...
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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...
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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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February 21, 2023
Japan’s big transition bet
The Japanese government's plan to issue transition bonds reignites the debate over green taxonomy definitions and nuclear energy. Faced with the daunting challenge of greening one of the world’s most...
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EU Green Deal Industrial Plan: ‘We were expecting more’
Brussels’ proposals for green industrialisation lack detail and direction, say European businesses – especially compared to the hefty incentives offered by the US government and the country's net zero market...
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