Financial Services Firms Face Disclosure Requirements for Biodiversity Investments May 27, 2022 By Divya Chowdhury and Jessica DiNapoli DAVOS, Switzerland – Financial firms already struggling with climate-compliance due to unclear measurement metrics will soon face new disclosure requirements...
New Global Standard Setter for Corporate Sustainability Drafts 1st Guidelines April 5, 2022 By Huw Jones A new global standard setter for company sustainability reporting set out its first draft guidelines on Thursday [March 31], entering...
Goldman Sachs Vows to Push Directors for More Climate Disclosure March 28, 2022 By Ross Kerber Goldman Sachs’ big asset-management arm will take a harder line in voting on directors at companies that do not disclose...
Group Vows to Hold Shell Directors Personally Liable for Alleged Climate Plan Failure March 16, 2022 By Shadia Nasralla, Kirstin Ridley and Simon Jessop LONDON — Environmental lawyers ClientEarth said on Tuesday they were preparing legal action against the directors of Shell over the...
Bank of England to Push Banks, Insurers on Climate Risk Capital Requirements October 29, 2021 By Huw Jones The Bank of England will crack down from next year on banks and insurers that do not hold enough capital...
Corporate Climate Risk Disclosures Still Falling Short, Regulators Say October 15, 2021 By Huw Jones and Simon Jessop Around half of companies assessed have begun to apply globally agreed climate-related disclosure standards for helping investors to pick firms...
Canada Permits TC Energy to Keep Insurers Secret From Pipeline Activists September 15, 2021 By Robert Tuttle TC Energy Corp. is the latest Canadian pipeline company allowed to keep its insurers confidential as activist groups push firms...
German Climate Groups Plan Legal Action Against Automakers, Wintershall September 7, 2021 Greenpeace and German environmental NGO Deutsche Umwelthilfe (DUH) will take legal action against BMW, Daimler’s Mercedes-Benz , Volkswagen and gas...
Individual Results of Climate Stress Tests Should Not Be Disclosed: Oversight Group July 14, 2021 By Marc Jones Climate change financial ‘stress tests’ will need to be improved with better data and modeling, a new paper by a...
Wall Street, Tech Firms Fear SEC Climate Disclosure Will Trigger Lawsuits June 29, 2021 By Ben Bain The U.S. Securities and Exchange Commission may make corporations reveal more about climate risks in key regulatory filings, a push...