Investors urge companies to account for climate-related risks

The Financial Markets Law Committee (FMLC) has published a review on pension fund trustees’ fiduciary duties in relation to sustainability amid widespread uncertainty in the industry.

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Climate lawsuit

The Netherlands arm of Friends of the Earth, Milieudefensie, has filed a climate lawsuit against financial services group ING, calling on it to halve its carbon emissions.

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TCFD Climate Disclosures

IFRS takes over monitoring climate-related disclosures from TCFD December 8th, 2023 The International Financial Reporting Standards Foundation (IFRS) will oversee companies’ climate-related disclosures following the disbanding of the Task Force for Climate-related Financial Disclosures (TCFD). The Financial Stability Board (FSB) has announced that the work of the TCFD has been completed, with the International Sustainability […]

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biodiversity

The Finance for Biodiversity (FfB) Foundation has released recommendations for financial institutions on managing biodiversity and the climate nexus, the interaction between biodiversity and climate change.

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climate change, clean energy, scope 3

The US Treasury has published a set of voluntary principles for net-zero financing and investment, highlighting the best practices for financial institutions.

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Investors urge companies to account for climate-related risks

The Network for Greening the Financial System (NGFS) has urged central banks and financial supervisers to build up their capabilities for assessing and managing risks posed to the financial sector by climate litigation.

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net zero

The UK Sustainable Investment and Finance Association (UKSIF) has warned the government that climate wavering risks its position as a world leader in sustainable finance.

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investment analysis

Intercontinental Exchange (ICE) is pressing for avoided emissions to be included in mainstream investment analysis after developing a new framework with Ecofin Advisors to address the often-overlooked area.

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net zero

Some of the world’s largest asset managers are far off track on meeting their 2050 net zero commitments, a study by data tool FinanceMap has found, with many failing to improve their climate performance over the past two years. 

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The French national assembly has adopted a “Say on Climate” amendment to its Green Industry Bill, requiring all companies to establish climate and sustainability strategies.

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