U.S. SEC waters down its climate reporting rule under legal threats

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By Eugene Ellmen, Corporate Knights Will Canada align itself with weaker U.S. standard, or will it go further and adopt full-scope climate reporting like Europe, California and China?   The sustainable investment industry in the United States has grudgingly endorsed a watered-down regulation on climate disclosure, acknowledging a barrage of lobbying …

New Rules Will Force U.S. Firms to Divulge Their Role in Warming the Planet

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By Evan Halper and Maxine Joselow, Washington Post The Securities and Exchange Commission votes 3-2 to require companies to disclose their emissions and the climate risks they face Corporations will have to share key details about their role in driving climate change and the threat that warming poses to their …

EY: Boards Must Embolden C Suites to Embed Sustainability

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Sustainable Brands The 2024 EY Europe Long-Term Value and Corporate Governance Survey finds just 24% of EU company leaders understand how ESG priorities will create value; Boards must step up and challenge cooling corporate commitment to sustainability. Focusing on sustainability in today’s operating environment is clearly challenging; and EY sees worrying signs …

Exclusive: UN-backed Bank Group Seeks to Avoid Departures with New Climate Guidelines

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By Simon Jessop, Isla Binnie, and Tommy Wilkes, Reuters LONDON/NEW YORK, March 5 (Reuters) – A United Nations-backed alliance of banks is proposing its members disclose more information on their commitments to tackle climate change without requiring them to coordinate action, in a compromise it hopes will prevent departures, according …

US Regulator Drops Some Emissions Disclosure Requirements From Draft Climate Rules

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By Chris Prentice, Isla Binnie, Jarret Renshaw, and Douglas Gillison, Reuters Feb 22 (Reuters) – The U.S. Securities and Exchange Commission (SEC) has removed some of its most ambitious greenhouse gas emission disclosure requirements from corporate climate risk rules it is preparing to adopt, people familiar with the matter said …

Blue is the Next Green: Bonds Financing Water Conservation Projects are Approaching a ‘Tipping Point’

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By Aruni Soni, Business Insider The market for bonds financing water conservation projects is approaching a “tipping point.” The market is small, just about $5 billion, but it’s seeing more enthusiasm than the early green bond market.  “There’s a pretty strong economic argument to be made for investing in those …