Enforcement

Record Fine for KPMG Over Carillion Audit Failure

12/10/2023

KPMG was fined GBP 21 million and two former partners were fined a combined GBP 420,000 by the UK FRC.

ESG / Sustainability

UK Finalises Transition Plan Taskforce Disclosures Framework

09/10/2023

Harmonisation and interoperability key to transition plans being consistent, comparable and effective internationally.

OECD Unveils New Tool Supporting Global Tax Reform

09/10/2023

Adoption of the new multilateral instrument marks further progress towards the implementation of the Pillar Two minimum tax.

ESG / Sustainability

GTAG Releases Final Advice on UK Green Taxonomy

06/10/2023

Ingrid Holmes, chair of the UK’s Green Technical Advisory Group, is calling on the government to urgently implement a green taxonomy.

ESG / Sustainability

US Treasury Principles Aim to Make Net Zero “the Norm”

06/10/2023

Principles announced by Treasury Secretary Janet Yellen put emphasis on Scope 3 reporting from financial institutions and measurable targets.

ESG / Sustainability

New Asset Owner Working Group “Critical” for Climate Action – AIGCC

04/10/2023

The new AIGCC working group will help Asia’s asset owners to learn from their peers in the region, connect with experts, and share best practice.

ESG / Sustainability

Japan PM Signals Support for Sustainable, Impact Investing

04/10/2023

Japanese Prime Minister Fumio Kishida said a plan would be finalised by year-end to channel a greater share of savings into sustainable investment vehicles.

ESG / Sustainability

ESG Dominates FIs’ Regulatory Landscape – KPMG UK

28/09/2023

A noteworthy finding in the report is the growing divergence in regulatory approaches between the UK and EU.

ESG / Sustainability

ICMA Issues New KPI Guidance for Sustainability-Linked Bonds

28/09/2023

The resource aims to help issuers demonstrate their sustainability commitments and enhance accountability, ultimately bolstering the credibility of the SLB market