SFDR 2.0: 40% of Article 9 funds at risk of breaching proposed exclusion rules
Exclusion criteria for sustainable funds will put asset manager claims under pressure, new research shows
Regulation
The war in Iran exacerbates turbulence in Europe’s carbon market
Soaring gas prices have implications for the EU ETS, which is under review this year
SFDR 2.0: Europe’s fund labelling reform has transition blind spots that need fixing
With the EU planning to overhaul its fund labelling regime, stakeholders warn that it will need to tread carefully between incentivising ambition and addressing greenwashing
BoE urges banks and insurers to make climate risk management ‘decision-useful’
James Talbot, executive director of BoE’s international directorate, outlined the bank’s approach to supervising climate risk governance for financial institutions
Brace for impact: our survey shows how DC schemes are positioning their portfolios
Results from our inaugural survey of DC trusts in the UK show a widening appetite for private markets and a keen interest in renewable energy infrastructure
Climate fiduciaries: part II – the duty of even-handedness
The second instalment of this series on climate-related fiduciary duty explores the duty of even-handedness and its link to climate investing. This crucial fine print of fiduciary rules is at the heart of on-going legal proceedings against CPPIB
Climate fiduciaries: part I – the climate prisoner’s dilemma
Do pension funds have a fiduciary duty to make climate-aware investment decisions? Some members are prepared to take the question to court. In this three-part series, NZI investigates the pieces of the climate fiduciary puzzle
Ready, set, connect: Britain launches landmark grid connection reform
Rules for renewable energy grid connections have moved away from a ‘first come first serve’ approach. New rules, which prioritise viability, have implications for renewable infrastructure investment
EU agrees to water down sustainability reporting rules
The agreement significantly reduces the scope of both CSRD and CSDDD
Cleared for rating: FCA sets out plan to regulate ESG rating providers
The FCA has launched a consultation on its proposed ESG regulatory regime. Beginnning June 2028, ESG ratings providers will be FCA-regulated. The approach, the regulator says, will increase investor confidence in ratings
A tale of two tests: why Britain’s VFM needs Australia’s playbook
The upcoming Pensions Bill in the UK proposes a value for money (VFM) framework for DC schemes. A similar experience in Australia – the performance test – had unintended consequences for climate solutions investing. Will the VFM repeat the performance test’s errors? or will this time be different?
SFDR 2.0: European Commission sets out proposal to revamp sustainable fund labels
The EU is planning the most significant overhaul of fund labelling since the introduction of SFDR, key changes include a separate category for transition funds, PAI reforms and the exclusion of financial advisers from SFDR
‘Genuinely disappointed, deeply concerned’: AkademikerPension CIO Anders Schelde on Europe’s Omnibus vote
Schelde warns the EU’s watering down of sustainability reporting is a loss for investors
‘Wrong signal’: watering down Omnibus criticised
The European Parliament’s new negotiating position contradicts investor demands to protect CSRD and CSDDD