Archive

SASB and IIRC merge to help simplify reporting

The Sustainability Accounting Standards Board (SASB) and the International Integrated Reporting Council (IIRC) are to come together to form a new organisation, the Value Reporting Foundation.

News round-up: US exits Paris Agreement, Willis Towers Watson, PACTA and Generali

Only a matter of time' before TCFD becomes mandatory in UK, says BofE

Bank of England (BofE) markets executive director Andrew Hauser said you can "reasonably expect" adoption of recommendations outlined by the Task Force on Climate-related Financial Disclosures (TCFD) to become mandatory in the UK.

$20trn of investors urge firms to set science-based targets

Science Based Targets initiative launches financial sector framework

Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.

Water risk is accelerating cases of 'drying' or 'drowning' assets

The announcement of 'stranded' assets created by rising water risk is growing, environmental not-for-profit CDP says, with examples of these 'drying' or 'drowning' assets accumulating rapidly, but awareness and disclosure remains lamentably low.

Global accounting standard for 'financed emissions' open for consultation

A Global Carbon Accounting Standard to help international financial institutions consistently measure and disclose the greenhouse gas (GHG) emissions financed by their loans and investments is now available for public consultation.

2X Challenge publishes gender equality criteria for investors

The 2X Challenge to invest to improve gender equality has published investment criteria for private financiers, as the initiative announced it has surpassed its initial objective by 50%, to drive $4.5 billion in investments.

An update on the Science Based Targets initiative

Business and science must come together on the path to meeting the goals of the Paris climate agreement, argues Paul Simpson

EU launches NFRD consultation

The European Commission has launched a public consultation on the review of the non-financial reporting directive (NFRD) on environmental and social issues - which includes a question on whether companies should be required to report in line with the EU's sustainability Taxonomy.