Exercise aims to support more robust management of climate-related financial risks across the sector, says governor.
Transition paths from brown to green assets are largely dependent on public policy, with finance sector playing supporting roles.
IIRC, SASB merger formalised, but “foundational layer” for globally accepted standards remains elusive.
FTSE Russell CEO Arne Staal says passive vehicles can – and must – join the race to net-zero if the investment sector is to achieve positive real-world impact on people and planet.
Lack of awareness of human rights violations in apparel supply chains is no longer an excuse as incoming legislation forces accountability.
Asset owners and managers encouraged to turn up the heat as banks prove slow to withdraw from historic relationships.
Three-year implementation aimed at overall improvements to the international audit-related standard-setting system.
Net Zero Investment Framework to widen scope to new asset classes; collaborative efforts also stepped up.
Cost of offsetting carbon emissions needs to increase “significantly”, while regulated sector faces “political challenges”.
Reporting organisations expected to implement double materiality perspective.
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