Brazil to require climate risk scenarios in stress tests from 2022
Switzerland plans to make climate disclosures obligatory
Large Swiss companies will have to disclose climate risk data, including their impact on the environment, in line with recommendations from the Task Force...
TCFD forward-looking proposals detrimental for asset owners, says TPI
The Transition Pathway Initiative (TPI) says its asset owner members are concerned at "significant gaps and technical weaknesses" in proposals by the Task Force on Climate-related Financial Disclosures (TCFD), in a fierce rebuttal of plans to recommend 'forward-looking' climate reporting.
News round-up: S&P, Barclays, EU taxonomy and more
Central banks should explicitly back net-zero measures, says report
Central banks should explicitly align their policies with achieving a net zero carbon emission economy by 2050, according to a paper prepared by a trio of economists, including through their prudential supervision, monetary policy and their own portfolios.
Cautious optimism for TNFD despite challenges
After the success of the TCFD in driving focus on climate-related disclosures, the mood is upbeat that the Task Force on Nature-related Financial Disclosures (TNFD) can do the same for natural capital - despite awareness of the additional challenges it faces. Ahren Lester reports
Physical climate risk disclosure initiatives still lacking, says WRI
Climate risk disclosure initiatives are still lacking in their coverage of several key physical risks, according to a report by the World Resources Institute (WRI), resulting in firms not being fully equipped to assess their exposure to these hazards.
TCFD 'implied temperature rise' metric gets Net Zero Asset Owner Alliance backing
An alliance of investors with more than $5 trillion in combined assets under management has told the Task Force on Climate-related Financial Disclosures (TCFD) secretariat that it 'fully supports' development of a measure of the 'implied temperature rise' of assets.
How Biden could boost ESG in the US
Donald Trump has left significant ESG policy holes to repair in the US for the administration of Joe Biden, reports Ahren Lester