Bloomberg launches its own 'fully transparent' ESG scores
Bloomberg has launched proprietary, company-level environmental, social and governance (ESG) scores, marking a significant expansion of the sustainability data available on its terminals.
Task Force on Nature-related Financial Disclosures working group announced
Ten financial firms have joined a working group to develop a reporting framework for the impact of the financial sector on biodiversity and ecosystems to complement the Task Force on Climate-related Financial Disclosures (TCFD).
Investor climate pressure builds on US oil majors as BlackRock steps-up
US oil supermajors ExxonMobil and Chevron experienced significant investor pressure over their climate policies at their annual general meetings, with major investor BlackRock stepping up support for some proposals.
UK poised to require TCFD-style reporting from pension funds
The UK is set to become the first country to require pension funds to report in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).
BlackRock announces expanded sustainable investment measures
BlackRock has pledged to make sustainability its "new standard of investing," as it announced sweeping changes to its practices, including reducing exposure to thermal coal firms.
BoE widens climate risk stress test to banks
The Bank of England (BoE) has outlined proposals to stress test banks and insurers on climate risk as part of its 2021 testing round.
UK regulator prepares ‘comply or explain’ TCFD rules
The UK’s financial conduct watchdog will consult on new rules to encourage disclosure of climate-related risks by financial firms in early 2020.
Private equity will struggle to implement TCFD, lawyer predicts
Private equity firms will struggle to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) across their many portfolio companies, a lawyer has predicted.
Majority of world’s largest pension funds neglect climate risk, says AODP
Nearly two thirds of the world’s largest pension funds have little or no disclosed strategy on climate change, potentially putting them at risk of breaching their fiduciary duty to savers, according to a study by the Asset Owners Disclosure Project (AODP).