Biden ordered the US Federal Government to achieve Net Zero by 2050, accelerating major actions across the government’s buildings, vehicles fleet, procurement activities and operations. Read more.
European Central Bank (ECB) published its supervisory priorities for 2022-2024. Climate and environmental risks is one of the top three priorities within the Eurozone financial system vulnerabilities. Read more.
European Commission (EC) officially delayed application of detailed reporting rules (for the second time) under the Sustainable Finance Disclosure Regulation (SFDR) until 1 Jan 2023. The initial deadline was 1 Jan 2022; then 1 July 2022. Read more.
The Bank of England (BoE) became the first central bank to adopt a green lens for its corporate bond buying programme. The scheme now supports the transition to a net-zero economy as a secondary objective. Read more.
ECB published the first of its kind report assessing banks’ progress in meeting supervisory expectations, concluding no supervised bank is close to meeting the expectations and progress is slow. Read more.
FCA set out its ESG strategy; aiming to support the financial sector in transitioning to net-zero. Based on five core themes: Transparency, Trust, Tools, Transition and Team. Read more.
FCA published a discussion paper on a new classification/labelling system for sustainable investment products and sustainability disclosure requirements for FCA-regulated asset owners. Read more.
Australian PRA published its final guidance for banks to manage their climate risks, recommending that short and long-term views of evaluating climate risk and opportunity should be taken. Read more.
European Securities and Markets Authority (ESMA) published its preliminary report on the EU carbon market. The report presents an overview of the financial regulatory environment for the carbon markets under Market Abuse Regulation (MAR), MIFID II and European Market Infrastructure Regulation (EMIR) and the tools available. Read more.
European Commission (EC) published a proposal to set-up the European Single Access Point (ESAP) that will aim to provide a uniform platform to make all public corporate data centrally available in the EU, including sustainability data.