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UK ESG Ratings Code of Conduct to be Explained in London
LSEG, the owner of the London Stock Exchange, will host an event to discuss how the UK’s code of conduct covering ESG ratings and data companies will work in practice. Companies are being invited to sign up to the code of conduct after it was launched in December following its proposal in the summer. The…
ESG Consultancy Growth Driven by Investor Data Demand
A string of sustainability consultancy deals and product launches highlights a growing trend among companies to engage outside help to boost their ESG performance – a trend that a recent survey found is being driven mostly by investors. Last week financial services provider Apex Group launched an ESG advisory and reporting unit called Holtara, built…
S&P DJI Launches Impact-Focused SDG-Alignment Benchmarks
Two new sustainability indices have been launched by S&P Dow Jones Indices (S&P DJI) enabling investors to benchmark against companies aligned with the United Nations’ 17 Sustainable Development Goals (SDGs). The S&P 500 SDG Index and the S&P Global LargeMidCap SDG Index are built on data that reflect the constituent companies’ impact on the environment…
Northern Trust Begins New Year with New ESG Offering
Northern Trust enters 2024 with newly acquired ESG capabilities courtesy of its recent investment in private-market data start-up Novata. The US-based asset servicing and investment management provider bought a minor stake in Novata late last year and has begun bedding in its data management solution into its own offering. Less than two months since the…
GRI CEO Sees Innovation Lab Easing ESG Data Pain Points
If Global Reporting Initiative (GRI) chief executive Eelco van der Enden had any doubts that a Sustainability Innovation Lab (SIL) it recently co-founded in Singapore would attract interest, he only had to wait a few moments into its launch to find out. No sooner had a chat bot been activated for interested parties to inquire…
Change and Consolidation: The Coming Year in ESG
Last year saw some potentially game-changing developments in the ESG data and technology space, especially with regards reporting standards and regulations. It was also the year that ESG became a political football, prompting some investors to review their commitment to sustainability. In many ways, ESG came of age in 2023. The concentration of responsibilities within…
Museum of Nature’s History Offers Investors Clues to its Future
From fossils of the largest beasts to have roamed Earth to microscopic organisms, the ornate halls of London’s Natural History Museum are stuffed with 80 million specimens that chart the past 5 billion years of evolution. The 142-year-old institution is also a repository and manager of data that may hold the key to predicting how…
2023 in Review: Nature Finds a Way
The publication of the Taskforce for Nature-related Financial Disclosures’ (TNFD) reporting framework in September cemented biodiversity as a sustainability cause just as important as climate change. In a 152-page document detailing its recommended approach to disclosing the impact on nature of financial institutions’ activities, the TNFD codified a way to channel capital into reviving lost…
Ground-Breaking Standard Setter TCFD Given Warm Send-off
The king is dead; long live the king. At the end of this year the Taskforce for Climate-related Financial Disclosures (TCFD) will cease to exist but its operations will be continued by the International Sustainability Standards Board (ISSB). The standard setter’s dissolution eight years after its creation has prompted a wave of reflection within the…
Basel Committee to Seek More Data Under Climate-Risk Disclosure Proposal
Banks may be expected to disclose detailed data on their exposure to climate risks under new proposals by the banking standards-setter, despite its expressed concern over the suitability of current datasets. The Bank of International Settlements’ Basel Committee has published its outline approach to protecting lenders and investors from the channelling of funds to potentially…