The EU presidency is expected to propose that corporate climate-accountability rules initially exclude financial institutions as member states give in to bank lobby groups.
European Parliament members “held the fort” in favour of sustainability reporting rules to begin in January 2024. …
Transition Plan Taskforce released a “gold standard” disclosure framework for reporting on climate transition plans. …
The TNFD released its final recommendations for how companies should explain nature-related risk to investors. …
Responses to draft disclosure standards reveal split on whether ISSB should prioritise biodiversity or social issues. …
Study explores utilising nature-related data and developing a public facility to connect existing but disparate nature data.
Letter penned by 77 Democrats underlines the importance of settling a “strong and durable” climate disclosure rule for the US corporate sector. …
Climate models in financial services are found unfit for purpose by a new report, failing to capture the consequences of surpassing critical climate tipping points.
The EU’s climate change disclosures could impact as many as 3,000 US firms, requiring them to report scope 1, 2, and 3 emissions. …
Proposed reporting will require companies to incorporate scenario analysis and climate transition plans into their disclosures, but double materiality is “not the main objective”. …
Due to be implemented next year, the standards are anticipated to serve as the foundation for worldwide reporting obligations on sustainability.
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