Australia's financial sector is poised for a transformative journey as it embraces the Sustainable Finance Roadmap, a pivotal strategy unveiled by Treasurer Hon Jim Chalmers MP. This roadmap not only charts a course towards a sustainable economy but also mandates stringent compliance measures and integrates Environmental, Social, and Governance (ESG) considerations into financial practices.
The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR), France's financial regulators, have published their 4th annual report assessing climate commitments made by banks, insurers and asset managers in the Paris financial center.
Companies are anticipating business upsides as they prepare to comply with the European Union's Corporate Sustainability Reporting Directive (CSRD), even as they grapple with major operational hurdles, according to a new global survey by PwC.
The Council of the European Union has adopted its negotiating stance on proposed EU legislation aimed at combating greenwashing and ensuring environmental marketing claims about products and services are accurate and verifiable.
The Department of Justice announced a slate of major prosecutions for environmental crimes in May 2024, providing a stark reminder of the regulatory risks facing companies that fail to prioritize environmental, social, and governance (ESG) issues.
The journey towards comprehensive Environmental, Social, and Governance (ESG) reporting and assurance continues to challenge businesses, according to the latest findings from KPMG's second annual ESG Assurance Maturity Index. The survey highlights both advancements and persistent gaps in companies' readiness to meet new regulatory requirements for credible ESG disclosures.
The Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS) have developed a blueprint for an integrated platform to help financial authorities identify, monitor and manage climate-related risks in the financial system.