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.
CDSB and SASB team up to deliver TCFD 'how-to' guide
The Climate Disclosure Standards Board (CDSB) and the Sustainability Accounting Standards Board (SASB) have jointly published a 'how-to' guide to help implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) into mainstream corporate reports.
People moves: CDP, PRI, East Capital, GIG
Bruno Sarda has joined CDP, formerly Carbon Disclosure Project, as president of North America.
BMO launches SDG engagement fund
BMO Global Asset Management has launched an equity fund that will actively engage with investee companies、 using the UN Sustainable Development Goals (SDGs) as a framework.
US consumer goods sector must up its low-carbon game, CDP says
Major US companies in the fast-moving consumer goods sector, including Kraft Heinz, Estée Lauder and P&G, must up their game or risk falling foul of changing consumer demands and increased environmental regulation.
French funds dominate top 10 European funds for climate performance
French funds dominate a list of the top ten European equity funds for climate performance.
CPR and CDP launch disclosure-focused climate fund
CPR Asset Management and CDP have launched a ‘climate fund’ to invest in global equities that best manage climate change-related risks, based on company disclosures.