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German finance ministry warns against 'biodiversity leakage' risk « Carbon Pulse carbon-pulse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carbon-pulse.com Daily Mail and Mail on Sunday newspapers.
European investors are sounding the alarm over sustainable reporting rules, which they say have been weakened by the European Commission. Many reporting requirements that were mandatory in an earlier draft have been made voluntary, including climate, biod. ....
In the face of US and Chinese competition, the EU has put forward a draft delegated act on corporate sustainability that lets companies determine themselves if the standards apply to them. ....
By Susanna Rust2021-05-11T14:55:00+01:00 The first achievement of the EU’s sustainable finance disclosure regulation (SFDR) has been to provide a clear segmentation of sustainable investing products, according to asset management advisor Indefi. Under the SFDR, asset managers and other financial market participants have to make different disclosures about different products depending on their ambitions with respect to environmental and/or social considerations. The disclosure requirements for the two main sets of sustainability-related ambitions are set out in Articles 8 and 9, with the latter seen as the more ambitious category. In an overview of the open-ended fund market two months after SFDR entered into force, Indefi said asset managers had “adopted the Article 8/Article 9 segmentation as the new language of sustainable investing at a blistering pace”. ....
By Susanna Rust2021-04-30T14:58:00+01:00 The EU’s sustainable finance disclosures regulation (SFDR) was not intended to be a “pure labelling scheme”, the head of asset management in the European Commission’s financial services division has said. Speaking during IPE’s recent ESG Forum, Sven Gentner said it was a bit early to comment on how the SFDR was being applied, but he noted that “it’s becoming a kind of label”, which was not the intention. “It was never intended to push industry to separate their products into one or the other baskets,” he said. Under the SFDR, asset managers and other financial market participants have to make different disclosures about different products depending on their ambitions with respect to environmental and/or social considerations. ....