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FCA’s new rules on climate-related disclosures to help investors, clients and consumers

Two Policy Statements confirming final rules and guidance to promote better climate-related financial disclosures have been sent out by the FCA.  Market pricing and support for business, risk and capital allocation decisions will be made thanks to better corporate disclosures. Moreover, improved disclosures to clients and consumers will assist them to make more informed financial

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CDSB Launches Biodiversity consultation

CDSB is pleased to announce the release of its Biodiversity application guidance, which is now open for consultation. It is becoming overwhelmingly understood that biodiversity is playing a key role in the underpinning the human life support. As a result, threats to biodiversity have the potential to create significant and long lasting impacts for business.

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First internationally-agreed recommendations for a set of core climate change-related indicators will inform urgent action

The UNECE has published a Set of Core Climate Change-related Indicators and Statistics. This was accompanied by a collection of Implementation Guidelines, both endorsed by the Conference of European Statisticians (CES). Climate change is an existential risk, presenting a gigantic challenge for humanity. To decide on the best course of action, a deeper understanding of all its

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Guidance and online course launched by CDSB to help companies disclose water-related financial information to investors

A new guidance and an online course to assist the disclosure of financial water-related information by companies has been released  by the Climate Disclosure Standards Board (CDSB). Sustainable management of water is paramount to businesses. In 2020, corporates announced water-related risks to total US$301 billion through CDP; while commenting that the investment needed to allay those risks was just US$55 billion.

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Switzerland Announces Mandated Climate Reporting for Public Companies, Financials

A planned timeline for mandated climate disclosure for major companies has been announced by the Swiss government. The idea behind this is to join the ranks of nations in order to boost the requirements of sustainability reporting. Public companies, banks and insurance companies with greater than 500 employees, more than CHF 20 million in total

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Public sector lags behind private sector on climate reporting

More than half (56%) of public sector organisations do not currently report on their climate impact as revealed by a recent international survey of public sector professionals by CIPFA, the Chartered Institute of Public Finance and Accountancy. This research sets out a baseline from which the evolution of sustainability reporting in the public sector may

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API Unveils New Climate Reporting Template For Natural Gas And Oil Industry

 Following the release of the industry’s Climate Action Framework this spring, the American Petroleum Institute (API) last week unveiled the next step in its efforts to accelerate climate solutions – a new template for individual companies in the natural gas and oil industry to more consistently report and track greenhouse gas (GHG) indicators. While many companies have reported GHG

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Swiss watchdog FINMA requires banks, insurers to disclose climate risks

Large Swiss banks and insurance companies will have to provide qualitative and quantitative information about risks they face from climate change, Swiss financial watchdog FINMA said on Monday as it released an amended publication on disclosure. FINMA’s updated circular on the new obligations, to take effect on July 1, follows similar moves by the European Central Bank,

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Scaling the e-mobility transition: climate-related financial disclosure and the automotive sector

Yesterday, through collaboration with the World Business Council for Sustainable Development (WBCSD), leading automotive manufacturers and service providers provided an in-depth look at climate-related scenarios, risk management and disclosure in Planning to scale the e-mobility transition: climate-related financial disclosure and the automotive sector. As part of the Task Force on Climate-related Financial Disclosures (TCFD) Preparer Forum

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New ISO standard for assessing and reporting green finance activities

Climate change is upon us, and it isn’t cheap. Not only does managing the effects of global warming require funding, but more money is needed to bring greenhouse gas (GHG) emissions down. It is estimated that many trillions of dollars of investment are required if we are to meet the world’s net-zero carbon goals.  Green finance, or investing