EU Lawmakers ‘Outraged’ After States Block Landmark ESG Law February 29, 2024 By John Ainger and Frances Schwartzkopff A European Union law designed to clean up corporate supply chains has been derailed by the bloc’s biggest member states,...
Banks, Insurers Targeted as Climate Group Seeks EU Review of Deforestation Rule February 28, 2024 By Natasha White Climate activists are putting pressure on the European Union to reconsider its decision to exclude banks from a landmark deforestation...
EU Agreement on ESG Ratings Seen as World’s Toughest February 7, 2024 By Frances Schwartzkopff A provisional agreement in the European Union setting guardrails around the ESG [environmental, social, and governance] ratings industry is being...
Banks, Insurers Temporarily Dodge Full Impact of EU’s Harshest ESG Law to Date December 19, 2023 By Frances Schwartzkopff The finance industry will be shielded from the full scope of the European Union’s most consequential piece of ESG legislation...
UK to Probe Unilever’s Environmental Claims as Part of Greenwashing Crackdown December 12, 2023 Britain’s competition watchdog said on Tuesday it would scrutinize environmental claims made by UK consumer goods giant Unilever about certain...
Banks, Insurers May Escape EU’s Toughest ESG Regulation So Far November 14, 2023 By Frances Schwartzkopff Banks, asset managers and other financial firms have won a reprieve from Europe’s most consequential ESG regulation to date, as...
Biggest Polluting Firms Failing on Short-Term Emissions Goals: Investor Pressure Group October 20, 2023 By Tommy Wilkes and Simon Jessop Fewer than one in five of the world’s biggest polluting companies have short-term emissions reductions targets in line with keeping...
UK Financial Watchdog Says Some Funds Mislead Investors With ESG Label October 19, 2023 Britain’s financial watchdog said on Thursday it was having to “push back” against some investment funds that misleadingly attempt to...
Net-Zero Investor Group Reports Financing Activities Lead to Emissions Decline October 18, 2023 By Alastair Marsh A $9.5 trillion investor group that includes Allianz SE, Legal & General Plc and the California Public Employees’ Retirement System...
Banks Told to Review Clients in Historic ESG Crackdown in EU October 17, 2023 By Frances Schwartzkopff Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements...