Guidelines relating to the burgeoning green bond market and similar green lending initiatives represent the most widely adopted sustainable finance regulatory tool worldwide, according to ESG research by Institutional Shareholder Services.
Yet despite developments in the sustainability space - particularly with the implementation of the EU's taxonomy and SFDR, as well as the UK's soon-to-come SDR - ISS highlighted disparities between countries and a "myriad" of differing sustainable investment rules across the globe. The proxy advisory firm - which focuses on corporate governance and responsible investment issues for the funds industry - said green bond guidelines represent the only sustainable finance rules in some countries at the get go of the fund application process. Regulatory oversight plays a "decisive" role in ...
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