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Items tagged with "Sustainability"

Where Next for the TCFD?

The demand for climate-related financial disclosures has been growing. However, for climate risk and resilience to make it into the heart of financial decision making, there is still more to be done to ensure climate disclosures are comprehensive, high quality and useful to investors. Mark Carney, Governor of the Bank of England, speaking at the Task-Force for Climate-Related […]

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Simplify ESG Reporting with Better Alignment

Key co-ordinating body,  the Corporate Reporting Dialogue, has reported that alignment between different ESG frameworks with the Task Force on Climate-related Financial Disclosures (TCFD) recommendations is better than expected. In order to offer more clarity on the relationships between different ESG reporting frameworks, the Better Alignment Project has brought a varied group of standard setters together to […]

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Effective Climate Change Disclosure is Key

Mark Carney, Governor of the Bank of England, recently gave a speech on sustainable finance at the United Nations Climate Action Summit highlighting the need for effective climate disclosure to build a sustainable financial system. Carney sees the initiatives and innovations of the private sector as key to underpinning the work of governmental climate policy, […]

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UK Tackles Climate Risk with Forum

Earlier this year the UK’s Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) announced the launch of the Climate Financial Risk Forum (CFRF), holding their second meeting in July 2019. The CFRF aims to tackle climate-change related financial risks with practical tools and strategic approaches. It brings together senior representatives from the financial sector to […]

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FRC Consult on SECR Taxonomy

The UK’s Financial Reporting Council (FRC) has opened consultation on the draft Streamlined Energy & Carbon Reporting (SECR) Taxonomy, with comments welcome until September 30. On April 1 2019 the UK government introduced the new SECR policy, building on the previous Mandatory Greenhouse Gas Reporting policy to extend mandatory energy reporting to more companies. The […]

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UK Considering Mandatory Climate-Related Financial Disclosure

Under a proposed new Green Finance Strategy announced this week the UK Government expects listed companies and large asset owners to disclose the impact of climate change on their businesses from 2022. The Treasury is considering the most effective way of ensuring that this disclosure happens, including, if necessary, requiring mandatory disclosure. The Green Finance […]

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Scaling up Green Finance: What Next?

Dr. Sabine Mauderer, Member of the Executive Board of the Deutsche Bundesbank, recently gave a speech on the role central banks, policymakers and standardisation have to play in scaling up green finance. Mauderer discussed the work of the Central Banks and Supervisors Network on Greening the Financial System (NGFS). The NGFS’s key message is that […]

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TCFD Status Report Shows Steady Progress

The Task Force on Climate-related Financial Disclosures (TCFD) have published their second Status Report, analysing the extent to which companies have aligned their disclosures with the TCFD’s core recommendations. The Status Report has found an encouraging steady increase in the support for TCFD recommendations – with more than 800 organizations expressing support – and has […]

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Climate Change Risk Assessment: A Framework for Insurers

It’s already clear that climate change will present real financial risks to insurers over the coming decades – but how should the sector respond? A cross industry working group set up by the UK’s PRA has published a framework for the general insurance sector to guide them through assessing the financial impacts of climate change. […]

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TCFD Implementation Guide Now Available

Global markets have, in theory, recognised the need for climate-related-risk reporting – but in practice, implementing effective disclosure practices can be a daunting task. More than 600 organisations have shown support for the Task Force on Climate Related Disclosure’s proposals; however, take-up has been slow, with a number of companies calling for more practical guidance. To […]

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