Janet Yellen

US Treasury Secretary Janet Yellen has said the US is ready to rejoin the fight against climate change “after sitting on the sidelines for four years”.

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IFRS logo

IFRS Foundation launches sustainability working group New collaboration aims to harmonise sustainability accounting initiatives In a bid to fast forward convergence in global sustainability reporting standards, the trustees of the IFRS Foundation have set up a working group. The group is aimed at structured engagement with initiatives focused on enterprise value reporting, with a view […]

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DWP confirms climate risk rules for pension schemes

Trustees of occupational pension schemes with more than £5bn will be required to publish a TCFD report The government has confirmed details of how UK pension schemes will be required to report on climate change issues affecting their portfolios. The Department of Work and Pensions (DWP) confirmed this week that from October 2021 occupational pension […]

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UK pensions sector gets closer to adopting stronger ESG rules

Pension Schemes Bill will soon receive Royal Assent Powers to impose climate change regulations on pension schemes, including requirements to have net-zero carbon emissions by 2050, have taken a step closer to reality as the long-debated UK Pension Schemes Bill is about to be given Royal Assent. The final parliamentary stage of the Pension Schemes […]

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London-listed companies need to start their net-zero journey

FCA confirms plans for TCFD rules from January London-listed companies need to start their net-zero journey All companies with a premium listing on the London Stock Exchange (LSE) will be required to make climate-related disclosures from January, the Financial Conduct Authority (FCA) has stated. Nikhil Rathi, the UK watchdog’s new chief executive, said listed companies […]

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Audit watchdog: UK companies must report climate disclosures

Audit watchdog: UK companies must report climate disclosures FRC to push companies to speed up on the race to net zero Companies are being urged to improve their reporting on climate change to meet the increased expectations of investors. On November 10, the UK’s Financial Reporting Council (FRC) called on public interest entities to report […]

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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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DWP launches pension scheme voting task force

Government signals drive to boost ESG options for pension funds UK government pensions minister Guy Opperman has signalled plans to accelerate ESG action for pension funds ahead of the milestone COP26 conference in 2021. “The government will be making announcements on climate change considerations on the whole investment chain and you can expect more and […]

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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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Environmental factors top list of investor priorities

One of the largest fund managers in Europe is pressing all companies in which it invests to employ the Taskforce for Climate-related Financial Disclosures (TCFD) framework to help boost their climate risk efforts. The move is being seen as a major win for shareholders amid their ongoing fight for more transparent and comprehensive company disclosures. […]

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