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US financial regulators acknowledge climate action needed amid 'increasing threat'

US regulators have identified climate change as an "emerging and increasing threat" to US financial stability for the first time

TCFD recommends all companies disclose Scope 3 emissions

FTSE Russell publishes GHG targets framework to help TCFD forward-looking analysis

A framework for corporate greenhouse gas (GHG) emissions reductions targets has been published by FTSE Russell

TNFD kicks off 2023 framework plan as working group members appointed

More than 100 institutions have signed up to support the Taskforce on Nature-related Financial Disclosure (TNFD), with 30 members appointed to lead the development of the framework, which is expected to be finalised in 2023.

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.

$8trn investors back IIGCC 'Net Zero Investment Framework' launch