Judge Matthew Kacsmaryk of the U.S. District Court for the Northern District of Texas, ruled in favor of the Department of Labor’s (DOL’s) 2022 rule, which allows retirement fund managers to consider environmental, social, and governance (ESG)...
Read MoreOn September 14, Ginne Mae announced the launch of a social bonds label for single-family MBS. Separately, on September 18, both Fannie Mae and Freddie Mac announced the expansion of single-family social disclosures for Super and Mega MBS pools. Read More
Read MoreBloomberg reports that on August 4, S&P announced that they would no longer publish an ESG score alongside a credit rating when rating debt instruments. The move comes in response to investor feedback, which indicated...
Read MoreHSBC’s recently released ESG survey indicates a rise in anti-ESG sentiment in the U.S. The survey, conducted from May to June 2023, polled 310 ESG professionals, representing 292 institutions with a collective $8.9 trillion in...
Read MoreThe European Commission has introduced a new package of policy measures designed to promote sustainable finance in the EU. The package includes proposed rules for Environmental, Social and Governance (ESG) rating providers, to bolster transparency...
Read MoreNew reports from Europe’s financial regulatory agencies identify a notable surge in the number of potential instances of greenwashing, defined by the European Supervisory Authorities as “a practice where sustainability-related statements, declarations, actions, or communications...
Read MoreConsumer Finance Protection Bureau (CFPB) Director Chopra announced a Notice of Proposed Rulemaking (NPR) to address agency concerns with residential Property Assessed Clean Energy (PACE) loans. These loans tie the debt for energy efficient home...
Read MoreProposed SEC climate change risk disclosures could qualify U.S. companies for a waiver from compliance with the EU corporate sustainability reporting requirements that were adopted by the EU in December 2022. The deciding factor may be the...
Read MoreOn April 12, the EPA announced its proposed emissions standards for vehicles built from 2027, with the National Highway Traffic Safety Administration (NHTSA) to also propose an update to the Corporate Average Fuel Economy (CAFE) standards soon....
Read MoreOn Monday, March 20, President Joe Biden used his first veto to strike down House Joint Resolution 30 that would have disapproved the Department of Labor’s final rule allowing fund managers to consider Environmental, Social and...
Read MoreStructured Finance Association Releases 2022 ESG Market Sentiment Survey Results The second biennial survey reveals issuer and investor perspectives on ESG in relation to the structured finance market. The Structured Finance Association (SFA) has released...
Read MoreFed’s Pilot Program for Climate-Related Stress Tests—Six-Month Deadline for Six Bank Participants Participants in the Federal Reserve’s climate stress test pilot program—Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo—have received...
Read More
