ESG / SUSTAINABILITY

Enforcement

US SEC Fines WisdomTree for ESG Compliance Failures

By Nithya Subramanian | 22/10/2024

The investment adviser agreed to pay a $4mn fine for failing to exclude fossil fuel and tobacco investments from its ESG-marketed funds.

ESG / Sustainability

CME Group Launches Trading in ACCU Futures on NYMEX

By Editors | 22/10/2024

CME Group’s Peter Keavey said the CBL ACCU futures contract was launched to help firms manage the risks associated with carbon reduction strategies.

ESG / Sustainability

EEX to Help Develop Hydrogren Trading Market in India

By Editors | 19/10/2024

The project will be supported by funding from the German government, which aims to promote green hydrogen projects in selected emerging markets.

ESG / Sustainability

ICMA Offers Impact Reporting Guidance for Social Bonds

By Editors | 28/09/2024

The handbook offers impact reporting metrics for affordable housing. Future iterations will cover other social bond project categories.

ESG / Sustainability

Korea FSC Unveils Preliminary Feedback on ESG Disclosure Standards

By Manesh Samtani | 27/09/2024

91% of businesses agreed on the need for climate disclosures, with companies increasingly aware of climate impacts on their operations.

ESG / Sustainability

New Zealand Considers Ways to Ease Climate Reporting Burden

By Mark Johnston | 26/09/2024

The XRB is considering easing certain disclosure and assurance requirements to allow time for improvements in data availability and quality.

ESG / Sustainability

Malaysia SC Launches Sustainability Reporting Framework

By Nithya Subramanian | 26/09/2024

Bursa Malaysia has also opened a consultation on proposed enhancements to its sustainability reporting requirements.

Enforcement

ECB Start Penalising Banks for Slow Progress on Climate Risk

By Mark Johnston | 26/09/2024

The ECB has begun issuing fines to banks that fail to meet its expectations on climate risk management.

Capital / Liquidity

BCBS Advances Follow-up Response to 2023 Banking Turmoil

By Editors | 25/09/2024

The BCBS has finalised a new report on the lessons learned from the 2023 banking turmoil, focusing on liquidity risk. The report will be published next month.