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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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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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 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 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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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 is set to get a boost after the FCA issued new rules requiring TCFD-compliant climate disclosures.
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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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UK pensions to pioneer mandatory climate change reporting UK pensions are set to be the first in the world to be legally required to assess, and rectify, their exposure to climate change risk. An amendment, including reporting requirements in line with the Task Force on Climate-related Financial Disclosures (TCFD), has been tabled to form part […]
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Nearly nine in 10 investment professionals doubt that climate risks are being correctly priced into company valuations, a major poll reveals. The survey, conducted by the prominent Global Sustainable Investment Alliance (GSIA), found an overwhelming 87% of respondents do not believe markets are consistently and correctly pricing climate risks into company and sector assessments. Disbelief […]
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