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ESG News: In 2021, the Financial Conduct Authority (FCA) finalized climate disclosure rules for asset managers, life insurers, and FCA-regulated pension providers, requiring firms to report in line with the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations.
Portfolio Adviser: Elston Portfolio Management have launched a range of model portfolios that invest entirely in UK SDR complaint funds. The Elston Sustainable range, which comprises of five risk-rated portfolios, aims to deliver a multi-asset portfolio strategy, with each allocating 100% of their assets in SDR-compliant funds.
Business Times: The chief executive officer of Standard Chartered, Bill Winters, has some strong words for banks that have recently walked back their commitment to achieving net zero emissions. “Shame on them,” he said during a call with journalists after StanChart released its second-quarter results.
ESG Today: UK-based bank Barclays published a new sustainability-focused presentation for investors, revealing that revealed that it earned approximately £500 million (USD$660 million) in revenues from sustainable and transition finance activities in 2024, and indicating that its sustainable and transition finance volumes have accelerated over the past few months.
ESG Today: The UK government announced that it has decided not to proceed with its plans to develop and implement a UK Green Taxonomy, its proposed classification system for categorizing climate and environmentally sustainable economic activities, and one of the key parts of its sustainable finance framework.
ESG News: Chancellor Rachel Reeves will direct UK financial regulators to address obstacles hindering businesses from cutting carbon emissions, as part of a broader push to accelerate green economic growth.
ESG News: The UK has announced a £12 million funding package aimed at bolstering disaster risk finance for climate-vulnerable countries—part of a broader strategy to position the UK as a global hub for sustainable finance and green economic growth.
Funds Europe: Traditional methods of estimating corporate carbon emissions are dramatically underperforming when it comes to Scope 3 emissions, according to a study by UK-based climate intelligence firm Carbon Responsible.
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.
Portfolio Adviser: The Financial Conduct Authority (FCA) has unveiled plans to cut 70% of the legal text required by investment firms in an effort to “remove unnecessary burdens on firms”.
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