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Cautious optimism for TNFD despite challenges
08 March 2021After 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
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Physical climate risk disclosure initiatives still lacking, says WRI
16 February 2021Climate 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.
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TCFD 'implied temperature rise' metric gets Net Zero Asset Owner Alliance backing
12 February 2021An 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.
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How Biden could boost ESG in the US
20 January 2021Donald Trump has left significant ESG policy holes to repair in the US for the administration of Joe Biden, reports Ahren Lester
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Mandatory climate disclosure in France drove down fossil fuel holdings
13 January 2021The introduction of mandatory climate-related disclosures in France resulted in a "sharp relative decrease" in holdings of fossil fuels securities by institutional investors, according to a report by the Banque de France, indicating such requirements have a critical role to play in redirecting capital sustainably.
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IFRS 'should use TCFD' as basis for reporting standards, says FSB
24 December 2020The IFRS Foundation's proposal to devise international sustainability reporting standards should be underpinned by the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the Financial Stability Board (FSB) has said.
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Hong Kong regulators deliver action plan for greening financial ecosystem
18 December 2020A steering group composed of key Hong Kong regulators has announced its five-point action plan for a green and sustainable finance strategy for the major financial centre.
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Asset manager taskforce calls on bondholders to assert their rights
24 November 2020A UK government-initiated taskforce has announced recommendations to strengthen sustainable stewardship in the UK investment industry, including encouraging investors to assert their rights in the bond and private markets.
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Asian firms overtake US on emissions disclosure, says Arabesque
23 November 2020The proportion of Asian companies reporting carbon emissions has jumped above that of US firms in 2019, according to a report by sustainability-focused asset manager Arabesque, although European corporates continue to lead.
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UK government announces green sovereign bond and climate disclosure plan
09 November 2020The UK government has announced plans to issue its first green sovereign bond in 2021, as well as making for climate-risk disclosures mandatory for major companies by 2025.