$35trn investors urge governments to step up climate change action
Institutional investors with $35 trillion in assets under management (AUM) have urged the world's governments to do more to tackle climate change ahead of next week's UN climate action summit.
CPR-CDP fund out to prove value of disclosure
The manager of a ‘first-of-its-kind climate fund’ that could grow to more than €1 billion in size is encouraged by early results, Michael Hurley writes
'Silence is deafening' by corporates on deforestation, says CDP
As many as 70% of large companies are failing to report on their connections to deforestation, according to a report by the CDP, formerly Carbon Disclosure Project. "The silence is deafening when it comes to the corporate response to deforestation," is how Morgan Gillespy, global director of forests at the environmental NGO described the situation.
The ESG data files - part one: reported data
Investors are demanding an increasing amount of data from companies. What are its strengths and weaknesses, asks Peter Cripps
Shipping sector lacks investments in transformative technologies to stem climate risks
Most major shipping companies have failed to deploy transformative and innovative technologies to protect themselves against climate-related risks, according to a CDP study.
EU's non-binding guidelines adopt TCFD framework
New EU guidelines on corporate climate-related reporting have integrated the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and signal a growing alignment for the disclosure regime globally.
Investors name and shame 700 companies for poor environmental impact reporting
Investors with almost $10 trillion in assets have begun pushing more than 700 companies, including ExxonMobil, Amazon and Volvo, to disclose better environmental impact information.
Companies report $1trn at risk due to climate change
Some of the world's biggest companies have reported a total of almost $1 trillion in potential bottom line losses due to climate change, according to the CDP (formerly known as the Carbon Disclosure Project).
$7bn of Chinese soy chain capital ‘exposed to deforestation risk’
Chinese financial institutions have been urged to manage their exposure to deforestation risks, after a study found that about $7 billion in bond and share issues by companies in the country’s soy supply chain are exposed.
CDP names its 43 A rated cities, to spur greater ambition
Forty-three cities have received an 'A' rating from CDP for their work in combating climate change, including London, Paris and Hong Kong.