Proposed legislation will hold financial services firms based in or operating in the EU accountable for human rights and environmental violations in their value chain.
Read More
The Financial Conduct Authority (FCA) has postponed the introduction of rules aimed at eradicating greenwashing across the UK’s asset management sector.
Read More
Republicans challenge DOL’s ESG rule February 8, 2023 In the latest anti-ESG action taken in the US, Republicans in the Senate and House have filed joint bills to nullify the Department of Labor’s (DOL’s) new ESG rule for retirement plans. On January 26, attorney generals from 25 Republican states filed a suit to invalidate the […]
Read More
FRC plans common framework for 2023 February 2, 2023 The UK’s Financial Reporting Council (FRC) has committed to developing a common framework for ESG reporting in the country over the coming year. The ‘FRC ESG Statement of Intent: What’s Next’ revealed the independent regulator will establish standardised requirements for developing and reporting climate transition plans […]
Read More
UK House of Lords debates transparency improvements for FS bill January 31, 2023 The UK’s House of Lords has debated proposed amendments to the Financial Services and Markets Bill to improve voting transparency. On January 30, the Lords considered revisions to voting reporting, which were recommended by Baroness Sheehan and Baroness Hayman. Earlier this month, […]
Read More
Stakeholder group flags issues with EU Taxonomy January 27, 2023 The European Securities and Markets Authority (ESMA) has been urged to clarify the label and scope of Article 8 and Article 9 products. In a letter, the Securities and Markets Stakeholder Group (SMSG) has advocated for a clearer definition of Article 8 and Article 9 […]
Read More
ECB considers climate-focused reshuffle of portfolio January 16, 2022 The European Central Bank (ECB) is considering altering the climate titling of its corporate and sovereign bond portfolios. On 10 January, the ECB confirmed it is considering reshuffling the portfolio towards greener issuers due to rising interest rates. High-interest rates have reduced the upfront costs of […]
Read More
IFRS builds global reach with office in China January 11, 2022 The IFRS Foundation Trustees is expanding its global presence by establishing an office in China. On 29 December an agreement was signed with China’s Ministry of Finance (MOF) to open an office for the International Sustainability Standards Board (ISSB) in Beijing. The signing follows […]
Read More
2022 in review: ESG at the crossroads December 23, 2022 With 2022 coming to a close, Minerva takes a brief look at the major trends seen this year and comments on the future of ESG investing. Whilst responsible or ESG investing has had its ups and downs throughout the decades, 2022 saw new challenges spring […]
Read More