London and Amsterdam top index of world’s green financial centres
European cities dominated an index of the world’s top green financial centres, with London and Amsterdam outperforming their peers.
BP to support CA100+ shareholder resolution
Oil and gas giant BP is set to broaden its corporate reporting to describe how its strategy is consistent with the goals of the Paris Agreement, after it committed to supporting a Climate Action 100+ (CA100+) shareholder resolution.
UK government rejects calls for mandatory climate-related reporting
The UK government has rebutted calls from a parliamentary committee to require companies to make climate-related financial disclosures.
90% of Green Finance Summit participants vote for mandatory TCFD
There was 90% support for making the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) mandatory within five years, according to a poll of the audience at the Green Finance Summit in London.
Climate reference in UK pensions legislation would be ‘unhelpful’, argues PLSA
A UK government proposal to require pension trustees to include climate change in their Statement of Investment Principles (SIPs) is misguided and could create more problems than it solves, according to a trade association.
Make climate risk reporting mandatory by 2022, says UK parliamentary committee
Asset owners and large companies based in the UK should be forced to report their exposure to climate-related risk within four years, the country's government has been told.
Lloyd's criteria for coal divestment fall short, say activists
Lloyd's of London will not invest in companies that get 30% or more of their revenues from coal, generate 30% or more of their electricity from coal, produce 20 million tonnes of coal a year or operate 10GW or more of coal-fired power stations, climate activists said today.
UK parliament to weigh merits of making TCFD mandatory
An independent audit committee is to examine whether the recommendations of the FSB's Task Force on Climate-related Financial Disclosures (TCFD) should be made mandatory by the UK government.