RFPs issued by Australian Sustainable Finance Institute for first phase of taxonomy project.
Full text of agreement will not be ready by mid-year as originally planned, with implementation now expected in 2024 rather than 2023.
Without early action, the UK’s largest banks and insurers would suffer climate-related losses worth US$418 billion by 2050.
US SEC action comes ahead of new ESG and green label rules for financial firms this week.
New reports shed light on how climate risks are taken into account by financial institutions and affect credit ratings.
Standards developed by corporates, financial institutions, asset managers and energy producers intended to augment mandatory reporting requirements.
Proposed traffic light-based taxonomy is accompanied by a user guide for financial institutions and companies.
New committee will work to address mis-selling and greenwashing risks and explore the introduction of prudential requirements for ESG funds.
Data is being aggregated and exploited without the resulting benefits being passed on to consumers and businesses, regulator warns.
Report offers recommendations for monitoring, managing and mitigating climate-related risks to promote consistent approaches.
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