EcoActive

FCA Temporarily Eases Rules for Sustainable Fund Naming The UK Financial Conduct Authority (FCA) has extended the deadline for sustainable fund marketing rules to April 2025, targeting "naming and marketing" requirements aimed at preventing greenwashing. Funds must still submit applications for Sustainability Disclosure Requirements (SDR) by October 1, 2024, but now have more time to adjust names and marketing. The FCA noted that some firms need extra time to meet new ESG labeling standards, stressing they must still work toward compliance by the full enforcement date of December 2, 2024. Introduced in November 2023, the SDR ensures accurate ESG claims. With ESG-focused funds expected to hit $34 trillion by 2026, these rules are key to keeping the UK competitive in sustainable investing. While firms can use this extension, the FCA urges them to comply as soon as possible. #FCA #SustainableFinance #ESG #Greenwashing #SDR #SustainableInvestment #FinancialRegulation #ESGCompliance #InvestingResponsibly #Finance https://lnkd.in/dtsSQu6r

#Sustainability EPA Proposes New Standards and Ecolabels to Identify Sustainable Products The U.S. Environmental Protection Agency (EPA) has proposed an update to its Recommendations of Specifications, Standards, and Ecolabels for Federal Purchasing. The update helps government and other buyers identify environmentally sustainable products across 35 categories, focusing on attributes like energy conservation, recycled content, and reduced PFAS use. The update follows the Biden administration's Sustainable Products and Services procurement rule and adds 14 new standards for healthcare, labs, and clothing. It also expands food service ware to include reusable, compostable, and recyclable products while removing seven standards that no longer meet EPA criteria. https://lnkd.in/gJwmAhGZ #EPA #Sustainability #SustainableProducts #Ecolabels #EnvironmentalStandards #GreenPurchasing #ClimateFriendly #EcoFriendly #PFASReduction #RecycledContent #GovernmentPurchasing #SustainableProcurement #EnvironmentalProtection

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#Biodiversity Latin America Leading Global Biodiversity Discussions Andrea Pradilla explores the significance of COP16 in Cali, Colombia, and the pivotal role of impact reporting in biodiversity preservation. The conference aims to unite governments, businesses, civil society, and local communities to drive collective action for a sustainable relationship with nature. Pradilla underscores that a multi-stakeholder approach, as advocated by GRI, is crucial for COP16's success. She views this event as a potential turning point for advancing biodiversity accountability in Latin America. At COP16, GRI will emphasize the revised Biodiversity Standard (GRI 101) and advocate for ongoing improvements in corporate transparency regarding biodiversity impacts. #COP16 #Biodiversity #ClimateAction #GRI #Sustainability #BiodiversityReporting #CollectiveAction #LatinAmerica #EnvironmentalImpact #CorporateResponsibility https://lnkd.in/gRuZtGTi

Mandatory Climate Reporting Begins in Australia on January 1, 2025 Starting January 1, 2025, entities must begin climate reporting based on their size. Companies are required to assess both 1.5°C and catastrophic global warming scenarios. Reporting will be phased: Group 1 (large entities) reports in 2025, followed by Group 2 in 2027, and Group 3 in 2028. This mandate applies to entities reporting to ASIC with revenues over $50M. #ClimateReporting #Sustainability #GlobalWarming #ClimateRisk #CorporateResponsibility #EnvironmentalImpact #ASIC #PhasedReporting #ClimateAction #SustainableBusiness #ESG https://lnkd.in/dq_YPsMd

#blog Understanding ESG Risk Management: A Comprehensive Guide Explore how to effectively integrate ESG factors into your risk management strategy. Read the full guide here: https://lnkd.in/ebKgNtyG #ESG #RiskManagement #Sustainability #BusinessStrategy #Governance #EnvironmentalImpact #SocialResponsibility #CorporateGovernance #SustainableBusiness #EcoActiveTech

FCA Postpones Implementation of SDR Sustainable Fund Labeling Rules to April 2025 The Financial Conduct Authority (FCA) has announced a postponement of the implementation of its new naming and marketing rules for sustainability-related investment products to April 2025. These rules, part of the FCA’s Sustainability Disclosure Requirements (SDR) introduced in November 2023, are designed to help investors evaluate the sustainability attributes of investment products and mitigate greenwashing risks. The SDR introduces four labels to distinguish different sustainability objectives for investment products, with specific criteria for their use. Initially scheduled for December 2024, the extension provides firms additional time to meet the required standards. The anti-greenwashing rule, effective from May 2024, remains unaffected by this change. #FCA #Sustainability #InvestmentProducts #SDR #Greenwashing #FinancialRegulation #SustainableInvesting #AssetManagement #ESG #Compliance https://lnkd.in/gX7iMKbU

Climate transition plans among companies grow by 44% in 2023, according to research The number of companies reporting climate transition plans aligned with global targets has increased by nearly 50%, according to non-profit CDP. However, many of these companies do not provide sufficient information for investors to verify their claims. Of the 5,906 companies submitting data to CDP, one in four reports having a plan aimed at limiting global warming to 1.5°C. Despite this, the UN projects a potential increase of 2.9°C. While some regions are introducing mandatory reporting requirements, many countries still rely on voluntary disclosures. CDP has identified 21 key indicators, such as supply chain emissions data and board oversight, to assist investors in evaluating the quality of these climate plans. #ClimateTransition #CDP #ClimateAction #GlobalWarming #Sustainability #ClimateReporting #InvestorTransparency #ClimatePlans #EnvironmentalDisclosure #UNClimateGoals https://lnkd.in/gsymaAUY

#blog CSRD vs. SEC ESG Requirements: Key Considerations for Multinational Corporations As ESG regulations evolve, multinational companies must navigate the EU's CSRD, which emphasizes comprehensive sustainability reporting, and the SEC's ESG framework, focused on material risks and climate disclosures. Understanding these distinctions is essential for ensuring compliance and developing a cohesive global ESG strategy. #ESG #CSRD #SEC #Sustainability #CorporateCompliance #GlobalBusiness https://lnkd.in/gneTDEPM

Building climate resilience and closing the protection gap: key takeaways from the Climate Resilience Dialogue Global temperatures are rising, causing severe weather and long-term damage to people, businesses, and infrastructure. In the EU, only a quarter of climate-related damages are insured, revealing a protection gap. The European Commission's 2021 Climate Resilience Dialogue brought stakeholders together to address this issue. Its 2024 Final Report proposes actions to improve climate risk awareness, risk assessments, and explore public-private partnerships in insurance. The report highlights key risks like floods, wildfires, and storms, emphasizing collective responsibility for boosting resilience. The European Commission will consider these solutions to strengthen Europe’s climate preparedness and competitiveness. #ClimateResilience #ClimateChange #EU #Sustainability #RiskManagement #InsuranceGap #PublicPrivatePartnership #ClimateAdaptation #EnvironmentalProtection #SustainableFuture https://lnkd.in/ednyYr5Y