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US regulators scrap climate risk guidance for banks

US federal banking regulators have announced the withdrawal of the Principles for Climate-Related Financial Risk Management for Large Financial Institutions, ending the short-lived guidance...

Singapore banks study nature-related financial risks

DBS, OCBC and UOB have launched a pioneering report to help banks understand the financial implications of nature-related risks, marking the first collaboration of...

New EFRAG report pushes to streamline ESRS rules

EFRAG has published a progress report detailing its efforts to simplify the ESRS responding to a formal request from the European Commission. The report,...

EU must cut SFDR complexity, ACCA warns

The ACCA has called on the European Commission to simplify its SFDR, warning that its current complexity risks undermining the bloc's sustainability ambitions. In its...

Singapore unveils world’s first free digital utility for SME sustainability reporting

Singapore has become the first country globally to roll out a nationwide digital utility that enables companies to automatically generate baseline sustainability metrics using...

Sweeping cuts to EU ESG reporting scope proposed in Parliament amendment

The European Parliament’s Committee on Economic and Monetary Affairs (ECON Committee) is proposing a dramatic scaling back of sustainability reporting and due diligence obligations,...

ECB warns of investor risk as 80% of companies face removal...

The European Central Bank (ECB) has issued a sharp warning over the European Commission’s proposed amendments to sustainability reporting laws, raising concerns that removing...

India targets $2.5tn in climate investment with draft green finance taxonomy

India’s Ministry of Finance has unveiled a draft framework for its Climate Finance Taxonomy, a new classification system aimed at directing capital towards sustainable...

FCA postpones SDR extension for portfolio managers amid industry concerns

The FCA has announced it will not move forward, for now, with plans to extend its Sustainability Disclosure Requirements (SDR) and sustainable investment labelling...

Canada halts mandatory climate disclosure plans amid global regulatory pullback

Canada’s top securities regulators have paused efforts to introduce mandatory climate-related and diversity-related disclosure rules, marking a notable shift in the country’s sustainability reporting agenda.
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