Archive

Only a matter of time' before TCFD becomes mandatory in UK, says BofE

Bank of England (BofE) markets executive director Andrew Hauser said you can "reasonably expect" adoption of recommendations outlined by the Task Force on Climate-related Financial Disclosures (TCFD) to become mandatory in the UK.

Science Based Targets initiative launches financial sector framework

Science Based Targets initiative (SBTi) has launched its "breakthrough" pilot framework for financial institutions to set science-based climate targets, but campaigners were "disappointed" and "disturbed" by what they perceive to be shortcomings.

New Zealand first to make climate disclosures compulsory for financial firms

New Zealand has become the first country to make it mandatory for financial firms to report on climate risks, described as a "visionary" step by one of the architects of the Paris Agreement.

Central banks should step up to face environmental breakdown risk in finance

Market-fixing approaches such as the nascent Task Force for Nature-related Financial Disclosures (TNFD) are "unsuitable" for managing the risks posed by environmental breakdown, an academic paper has argued, instead proposing that central banks and financial regulators should introduce strict industry-wide exclusionary criteria.

£32bn Pension Protection Fund hails ESG progress

The UK Pension Protection Fund (PPF) has hailed its environmental, social and governance (ESG) progress in its first responsible investment report, including building pressure on external managers and increasing engagement, as it looks to push harder for disclosure improvements.

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.

People Moves, 6 March: DG FISMA, ResponsAbility, Carbon4 Finance

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).