EBA Issues Final ESG Risk Guidelines, Mandating Financial Institutions’ Compliance by 2026
The European Banking Authority (EBA) has released comprehensive guidelines on managing Environmental, Social, and Governance (ESG) risks targeting EU financial institutions, requiring robust governance to mitigate risks related to climate change, social issues, and governance structures. Read more
BlackRock Recalibrates ESG Strategy With Exit From UN Climate Initiative
Blackrock has officially withdrawn from the Net Zero Asset Managers initiative, a coalition focused on achieving net-zero greenhouse gas emissions by 2050. Despite this withdrawal, BlackRock maintains a significant presence in sustainable investing, managing over $1 trillion in assets related to sustainable and transitional investments Read more