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FSB developing climate early warning system as it warns of risks to financial stability
16 January 2025A draft framework for regulators that can "provide [an] early signal on potential drivers of transition and physical risks that can impact the financial system ... [and] quantify the scale of financial impacts" has been published by the Financial Stability Board (FSB).
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Regulators divided on value of transition plans for ensuring financial stability
14 January 2025Financial regulators globally are divided on whether climate transition plans should be used to assess financial institutions' risk management, according to a report by the Financial Stability Board (FSB).
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IFRS flags concern at lack of company reporting on expected impacts of climate change
12 November 2024A review of company reporting has found little progress on company reporting in areas including the impacts of climate change on their businesses, strategies and financial planning, raising concern that investors are being starved of information they need.
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FSB setting up transition plan working group
13 July 2023The body that established the Task Force on Climate-related Financial Disclosures (TCFD) is setting up a group to study how climate transition planning can inform how regulators supervise risks to financial stability.
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Regulators' climate scenario analyses could be understating risks, warns FSB
15 November 2022The climate scenario analyses carried out by financial authorities may underestimate exposures and vulnerabilities, as they are not capturing the second-order impacts associated with climate change, the Financial Stability Board (FSB) has said.
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FSB chair hints at end of TCFD with 'handover' to ISSB
14 July 2022The chair of the body that created the Task Force on Climate-related Financial Disclosures (TCFD) has hinted that the foundational disclosure initiative may be coming to an end.
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FSB identifies global sustainability assurance standards among priorities
14 July 2022The Financial Stability Board (FSB) has identified the development of globally applicable sustainability assurance standards among key areas of work to promote sustainable finance.
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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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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.