Regulators to clamp down on greenwashing
Companies face growing pressure from stakeholders to be more transparent about their sustainability efforts and the environmental impact of their products, services, activities and policies. The Financial Conduct Authority also released a consultation paper proposing new rules for sustainable investment product labels in oct 2022, similar to the EU’s Taxonomy Regulation. These rules will be implemented in 2023. Read more
ESG Issues to Increase Credit Risk in 2023: Moody’s
According to a new report,”2023 ESG Outlook”, by Moody’s Investors Service, Corporate and sovereign credit quality is likely to be impacted by heightened ESG risks in 2023. Four key ESG-related trends have been identified that will impact credit this year, including growing scrutiny of corporate decarbonization plans, elevated social risks driven by high cost of living concerns, greater refinancing risk for lower-rated issuers with governance challenges, and an increasingly complex ESG regulatory and political landscape. “Read more
