ESG Today: India’s Ministry of Finance announced the release of a draft framework for its Climate Finance Taxonomy, its classification system for identifying sustainable economic activities aligned with its climate goals, aimed at enabling the facilitation of major capital flows required to support the net zero transition, while preventing greenwashing.
ESG News: Euronext’s announcement includes tailored financing tools, new bond listing efficiencies, and a revamped approach to ESG indices. This initiative comes amid growing pressure from EU leadership to scale up defence readiness and reduce dependence on U.S. arms.
BNN Bloomberg: Royal Bank of Canada’s decision to drop its sustainable finance commitment has sparked speculation that other major Canadian players could quietly walk away from their own goals on climate-related lending, underwriting and advisory work.
ESG Today: State Street Global Advisors (SSGA), one of the world’s largest investment managers, announced the launch of its new Sustainability Stewardship Service, offering institutional clients with the ability to follow a sustainability-focused engagement and proxy voting framework.
Banking Dive: The British bank appointed Julian Wentzel — who has worked at HSBC for almost a decade — as its new chief sustainability officer in February.
ESG Today: EU markets regulator the European Securities and Markets Authority (ESMA) announced the publication of its draft Regulatory Technical Standards (RTS) under the EU’s ESG Rating Regulation, setting out its proposed rules for ESG ratings providers.
ESG News: The Bank of England has issued new proposals to reinforce its climate-related supervisory expectations for banks and insurers, citing patchy progress and immature risk frameworks since its 2019 guidance.
Yahoo Finance: While the first 100 days of the Trump administration were rough on equity ETFs, among those taking the biggest hits were ESG exchange-traded funds.
ESG Dive: The court order directs the DOL to “inform this court within 30 days from the date of this order what specific actions the Department will take, if any, as a result of its reconsideration of the challenged rule — either to maintain the rule or to rescind it.”
ESG News: Investor appetite for sustainable investments remains robust, according to Morgan Stanley’s latest Sustainable Signals report.
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