Breaking news – Sustainable Finance
What’s new in sustainable finance?
The Banque de France found that current economic models inadequately address the consequences of nature loss, missing critical ecosystem services and the impact of existing policies, and urged further integration of ecological science to improve their accuracy.
Few major North American investors use climate scenarios in strategic decisions, and only half disclose their climate advocacy efforts. Ceres found that while 69% have some climate transition plans, many lack action on policy advocacy and scenario analysis. Most use advanced scenario analysis, but few share their findings. Ceres stresses the need for investor engagement with policymakers. The most progress has been in investor disclosures, thanks to TCFD recommendations.
ESMA has published its translated Guidelines on the use of ESG or sustainability-related terms in fund names, which will apply from November 21, 2024, to ensure accurate claims and protect investors. National authorities must report their compliance by October 21, 2024.
