Archive

Physical climate risk disclosure initiatives still lacking, says WRI

Climate 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.

News round-up - 12 February 2021: Nordea, UK ETS, ESG-focused SPAC launch, HSBC ... and more

ESG-focused SPAC raises €250m through Amsterdam listing

Pension consultant climate competency framework published

Reporting organisations invite EU, IFRS collaboration

Five organisations working to create a globally accepted comprehensive corporate reporting system have invited the EU and the International Financial Reporting Standards (IFRS) Foundation to contribute to their work on harmonisation.

'Double materiality' splits market in IFRS sustainability standards consultation

IFRS 'should use TCFD' as basis for reporting standards, says FSB

The 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.

Asset manager taskforce calls on bondholders to assert their rights

A 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.

Asian firms overtake US on emissions disclosure, says Arabesque

The 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.

Climate transition: insurers should lobby government and engage corporates

Insurers have made progress on investment side but more effort needed in underwriting, Zurich head of sustainability says