UNEP logo, convenor of UNEPFI, a cofounder of the TNFD

Pilot test shows TNFD requires further guidance  April 13, 2023 Taskforce on Nature-related Financial Disclosures (TNFD) requires further guidance, according to results from pilot testing of the beta framework.  The UNEP FI-led pilot found that the current version of the framework lacks sufficient guidance to allow businesses to conduct robust reports on nature-related disclosures.  Amundi, […]

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SEC lambasted over shareholder rights change as companies fail to meet ESG targets

SEC open to easing controversial climate disclosure proposal February 15, 2023 Enhanced climate disclosure rules in the US could be subject to change after SEC chairman Gary Gensler admitted “adjustments” could be made. The ‘Enhancement and Standardization of Climate-Related Disclosures for Investors’ rules were proposed last year and have invited negative feedback. The proposals will […]

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emissions

The California Senate has passed the Climate Corporate Accountability Act, a new bill that requires companies doing business in the state to disclose greenhouse gas (GHG) emissions.

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overload

This week, Minerva CEO Sarah Wilson spoke to Mallowstreet editor Sandra Wolf for a feature on the growing reporting burden facing UK pension schemes.

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SEC creates new senior climate change role

Not-for-profit sustainability advocacy organization Ceres is urging companies and investors to get behind its campaign for more disclosure on carbon footprints.

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Timeline, Clock, Ticking, Waiting

New rules forcing asset managers and other financial services providers to disclose climate change risks will come into force later this year, the UK regulator has said.

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SEC forms climate and ESG taskforce

SEC forms climate and ESG taskforce  Headed by Kelly Gibson, team will analyse firms’ data submissions around ESG The Securities and Exchange Commission (SEC) has formed a new taskforce to focus on climate change and ESG-related misconduct. The 22-strong team will be headed up by acting deputy director of enforcement Kelly Gibson. This taskforce will […]

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Carbon emissions, net-zero

SEC reviewing decade-old climate disclosure rules Original rules on climate-related disclosure were originally published in 2010 The Securities and Exchange Commission (SEC) is reviewing its climate-related disclosure rules for companies, which have not been updated since 2010. In a statement, acting chair Allison Herren Lee said the regulator’s staff would be assessing how extensively companies […]

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Speed needed on financial impact of climate change disclosure

Speed needed on financial impact of climate change disclosure Asset owners and their managers need to encourage more companies to disclose the financial impact of climate change on their businesses using an internationally recognised code, according to a new report. The Task Force on Climate-related Financial Disclosures (TCFD), established by the Financial Stability Board, said […]

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TCFD Climate Disclosures

TCFD is set to get a boost after the FCA issued new rules requiring TCFD-compliant climate disclosures.

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