Tag: Climate
Australia champions corporate transparency with new climate law
The Australian Senate has approved a bill mandating climate reporting for large and medium-sized enterprises.
Twenty two US states’ challenge FASB’s climate rule integration
Financial officers from 22 US states have expressed opposition to the FASB over the proposed inclusion of the SECs climate-disclosure rules in US accounting standards.
Goldman Sachs exits Climate Action 100+ amid regulatory scrutiny
Goldman Sachs Asset Management (GSAM) has officially withdrawn from the Climate Action 100+ initiative, a move echoed by several other US-based asset managers following a wave of concern spurred by US political figures.
EY Climate Risk Barometer reveals climate goals and achievements gap
The fifth EY Climate Risk Barometer has recently highlighted a significant trend in corporate climate reporting.
Australian firms’ climate transition plans deemed inadequate by major investors
Three influential investor networks have criticised the current climate transition plans disclosed by Australian companies, branding them as "incomplete" or "inadequate" for investor needs.
Bank of Canada believes offline CBDC could boost financial inclusion
The Bank of Canada believes an offline Central Bank Digital Currency (CBDC) would help to boost financial inclusion.
Switzerland passes law to require mandatory climate reporting
Large Swiss companies and financial institutions will be required to disclose information on their climate-related risks, impacts and plans following new legislation passed.
OS-Climate launches three tools for climate-related investing
OS-Climate, a non-profit organisation providing open-source data and software tools to support climate-aligned finance and investing, has launched three analytic tools.
Its new tools, Physical...
ESMA publishes findings around ESG ratings
The European Securities and Markets Authority (ESMA) has published a letter to the European Commission around the findings of a call for evidence on ESG ratings.
Institutional investors spend an average of $1.3m annually related to ESG...
Institutional investors are spending an average of $1.3m annually to collect, analyse and report climate data to inform their investment decisions, according to a study from ERM.
