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The Assessing Sovereign Climate-related Opportunities and Risks (ASCOR) tool is expected to be expanded to 80 countries by the end of 2025.
The EU has been warned against a 'potentially reductionist approach' overly relying on its taxonomy at the expense of the theme of transition in an overhauled Sustainable Finance Disclosure Regulation (SFDR) by the International Capital Market Association (ICMA).
Canada and Japan are the next focus countries for the collaborative sovereign investor engagement initiative launched by the Principles for Responsible Investment (PRI).
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