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Showing 1 - 10 of 147 results for "Regulations"

Funding green buildings risks greenwashing accusations

ROSE MARY PETRASS  |  THURSDAY, 18 APR 2024  |  NEWS
... banks' current strategies rely on investing in "business-as-usual" real assets that "meet minimum energy efficiency regulations" - leaving the banks "open to accusation of greenwashing". Between 44% and 72% of climate-related capital allocations flows ...

Experts issue warning over AI washing

ANDREW MCKEAN  |  WEDNESDAY, 20 MAR 2024  |  NEWS
... yet sounded the alarm on AI washing, but chair Joe Longo has voiced apprehensions regarding the adequacy of current regulations. "ASIC will continue to act, and act early, to deter bad behaviour whenever appropriate and however caused. We're willing ...

Final text of EU ESG laws released

ROSE MARY PETRASS  |  MONDAY, 19 FEB 2024  |  NEWS
... governance rating activities. It requires alignment for entities outside of the EU that trade on the EU market. The regulations hope to increase transparency, prevent greenwashing, drive investment into sustainability products, and help businesses in ...

Investors back modern slavery compensation

ROSE MARY PETRASS  |  MONDAY, 12 FEB 2024  |  NEWS
... group argues that business models and supply chains that rely on underpayment of workers, underpaid workers, weak regulations, and illegal activities such as forced labour, are unsustainable. Companies that practice such activities are exposed to compliance ...

ESG skills in hot demand in risk, compliance hiring

RACHEL ALEMBAKIS  |  MONDAY, 12 FEB 2024  |  NEWS
... support, ASIC and ACCC's focus on greenwashing, and APRA's updates to SPS and CPS 230 and 530 - Investment Governance Regulations. In SPS 530, APRA states that super fund trustees must demonstrate "how risk considerations connected to ESG factors are ...

Australia climbs quickly on climate policy development

ROSE MARY PETRASS  |  MONDAY, 5 FEB 2024  |  NEWS
... concerned they will be unable to keep up with the pace of change, as the development of these laws, standards and regulations happen at breakneck speed. The materiality and immunity of directors and companies reporting climate-related financial disclosures ...

China relaunches offsets market, releases biodiversity framework

ROSE MARY PETRASS  |  THURSDAY, 25 JAN 2024  |  NEWS
... area, by 2030. The country issued more than 40 relevant policy documents and released or revised more than 30 laws and regulations on environmental protection, state-owned newspaper the People's Daily reported. At COP28 China joined Australia in signing ...

BNP Paribas updates sustainability strategy

ROSE MARY PETRASS  |  TUESDAY, 16 JAN 2024  |  NEWS
... its Global Sustainability Strategy with a focus on ESG integration and stewardship. It comes as a response to new regulations as well as evolving consumer and investor expectations. As of September 2023, its ESG-integrated assets totalled EUR €346 ...

Report reveals progress on green finance

ROSE MARY PETRASS  |  WEDNESDAY, 10 JAN 2024  |  NEWS
Current financial regulations and central banking activities have an outsized focus on climate, and neglect broader impacts such as biodiversity loss and its effects on communities who rely on nature for their livelihoods. While progress has been made ...

ESG in 2024: key trends and legislative changes for the year ahead

ROSE MARY PETRASS  |  THURSDAY, 28 DEC 2023  |  NEWS
... pressure to streamline reporting, enhance transparency, and mitigate the risk of greenwashing litigations. New ESG regulations will necessitate ESG integration across all business functions, moving away from siloed ESG departments. Artificial intelligence ...
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