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Investment Flows into Transition-Focused Funds Doubles Green Funds: ESMA

ESG Today

In its semi-annual Trends, Risks and Vulnerabilities (TRV) report, ESMA notes the need for “significant public and private sector financing” to achieve the EU Green Deal objectives and support the green transformation of the economy. leading to increasing caution towards ESG investing and shareholder engagement.

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Morningstar Sustainalytics Launches Solutions to Support CSRD, EU Taxonomy Compliance and Reporting

ESG Today

Based on new underlying European Sustainability Reporting Standards (ESRS), the CSRD introduces more detailed reporting requirements on company impacts on the environment, human rights and social standards and sustainability-related risk.

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IIGCC Offers Ratios to Track Portfolios’ Climate Impact

Chris Hall

New report provides guidance to asset owners on closing net zero investment gap. . Asset owners should track their contributions to climate change mitigation by calculating the green investment ratio of portfolios and assets, according to a recent report by the Institutional Investors Group on Climate Change (IIGCC). .

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UK Must “Harness the Power” of its Green Taxonomy – GTAG

Chris Hall

Levick added that several national entities, including the UK Infrastructure Bank and the British Business Bank plan to utilise the green taxonomy to guide investment decisions.

Banking 59
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Delays Stoke Doubt Over UK Green Finance Policies

Chris Hall

COP27 deadline for Green Finance Strategy likely to be missed, as investors await details on sustainable investment framework. Investors are expecting details this week on the new UK government’s strategy on energy and inflation, but time is running out for updates on key climate and green finance policies ahead of COP27.

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Study of EU 100 largest companies shows streamlining and precision needed for optimal EU Green Taxonomy

We Mean Business Coalition

The EU Green Taxonomy is one of the cornerstones of the EU Action Plan on financing sustainable growth and is also the foundation of many other pieces of legislation currently being implemented. The CSRD has already been adopted and will kick in from reporting year 2024.

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FCA Challenged on Backdoor for Fossil Fuel Firms

Chris Hall

“If you want to actually drive investment into properly green, properly regulated funds that aren’t lying about their green credentials, surely you have to have standards that allow that to happen,” she said. The proposed labels are expected to apply from 2024.