Policy and Regulation
February 6, 2023
Shell accused of misleading investors over renewable energy reporting
Non-profit Global Witness has asked the US SEC to examine whether Shell’s inclusion of natural gas within its renewable energy bracket is misleading to investors....
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February 6, 2023
Explainer: The EU Green Deal Industrial Plan's goals and gaps
As the European Commission launches its plan to support the bloc's net zero industry, various business and environmental groups are questioning what the deal will...
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February 3, 2023
Regulatory Round-up: UK Financial Reporting Council works on ESG; UAE looks at sustainable finance regulation
The UK Financial Reporting Council has updated its "statement of intent" on ESG, setting out problematic areas on which it will focus and its plans...
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February 2, 2023
US consumer protection agency extends consultation on ‘green guides’
The Federal Trade Commission is considering tighter rules on companies' environmental marketing claims. The Federal Trade Commission, the US consumer protection agency, has extended its deadline...
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February 2, 2023
NGO claims Boskalis ‘dodged’ due diligence in Manila airport project bid
Non-profit Global Witness claims Royal Boskalis Westminster ignored environmental and social considerations when it signed a €1.5bn contract to build the New Manila International Airport....
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February 2, 2023
NZAO requests disclosures on PE, sovereign debt and real estate
The Net-Zero Asset Owner Alliance’s latest update also says carbon removals should be excluded as a tool to reach emission reduction targets. The UN-convened Net-Zero...
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February 1, 2023
New rules must guard against ‘green-bleaching’, warns Esma stakeholder group
Investment firms’ recent downgrading of many Article 9 funds to Article 8 status is amplifying the debate on how regulators combat greenwashing. A stakeholder group of the European Securities and...
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February 1, 2023
Materiality assessment in ESG reporting standards needs further guidance, say EU regulators
EU financial regulators and the ECB have submitted their opinions on the first set of sustainability reporting standards, which are due to be adopted in June. The European supervisory authorities...
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January 31, 2023
Is climate regulation triggering financial instability?
Policymakers are attempting to steer the financial sector away from supporting fossil fuel producers. While this is creating opportunities for new lenders, others worry about the impact on the global...
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January 30, 2023
Explainer: MEPs vote on bank ESG disclosures and ‘one-for-one’ rule
MEPs back ESG risk disclosures for banks but fail to support a rule requiring them to finance new fossil fuel activities solely from their own capital. Members of the European...
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January 26, 2023
Regulatory Round-up: EU votes on banks' ESG disclosures; Mexico bans solar geoengineering experiments
Members of the European Parliament’s Committee on Economic and Monetary Affairs (Econ) has voted to back changes to the EU Capital Requirements Regulation and the Capital Requirements Directive that would...
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