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SFDR II Must Deliver “Simplicity”

Chris Hall

Industry experts have stressed the need for simplicity and clarity around Europe’s ESG fund labelling, as the European Commission’s Sustainable Finance Disclosure Regulation (SFDR) consultation deadline looms. The SDRs were due to be introduced on 30 June, but following various delays are now expected in H2 2024.

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Pension Plans Increase Focus on ESG Investing for a Sustainable Future

3BL Media

While a focus on ESG has been prevalent for some time now, this surge in interest has been fueled by Canada’s commitment to achieving net-zero emissions by 2050 and an increasing number of stakeholders who expect ESG considerations be integrated into their investment programs.

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Location Data “Crucial” to Identifying Nature Risks

Chris Hall

The SEC subsequently proposed its climate disclosure rule , including attention to physical climate risk and geolocation data, which expected to be released in 2024. Impax AM also partnered with the New York State Common Retirement Fund (NYSCRF) to request S&P 500 companies to report geolocation data points.

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This Week’s Tech and Tools News: PwC Launches Interactive ESG Data Dashboard

Chris Hall

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including PwC, MSCI, Fenergo, Sentifi, and CME Group. . PwC’s research suggests that 66% of European institutional investors intend to stop investing in non-ESG funds, with two-thirds of that number planning to do so by the end of 2023.

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TNFD Vital to “Operationalise” GBF’s Target 15

Chris Hall

“We encourage international standard setters and regulatory authorities to consider how the [TNFD] framework can be rapidly adopted into corporate reporting requirements,” said James Alexander, Chief Executive of UK Sustainable Investment and Finance Association (UKSIF), adding that the International Sustainability Standards Board (ISSB) should “turn (..)

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IIGCC Offers Ratios to Track Portfolios’ Climate Impact

Chris Hall

Under CSRD, asset managers will be required to report a green investment ratio for their EU-based investments from 1 January, 2024. . The IIGCC is working with global index, data and analytics provider FTSE Russell to explore the methodologies and options for applying these metrics into the listed equity market. .

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Firms Face Double Trouble from Disclosure Rules

Chris Hall

The ability of corporates to comply is critical to investors, who will increasingly rely on the new standards to make sustainable investments. However, the report warned that EU firms are “running out of time”.