TCFD published its status report last month, with further guidance across a number of topics: Metrics and Targets (with specific additional disclosures for the Financial Sector); insight on Transition Plans (a timely addition given the UK government announcement of mandatory disclosures for all UK banks and listed companies by 2023); and the relevance of GHG emissions.With the exponential growth of supporters - including more than one thousand Financial Institutions that represent cumulative assets of $194 trillion - TCFD has yet again raised the bar through injecting transparency and driving best practices. However, could they have been bolder in pushing boundaries to accelerate the maturity of the reports?
The relationship between government, corporations, and the financial community is central to achieving net zero.
Reaction to the UK government’s announcement that large firms and financial institutions will be forced to show how they intend to reach climate change targets.
Spending Review 2021 comes at a pivotal moment, poised between the recovery from COVID-19, and the once in a generation challenge of achieving net zero by 2050. Much of the spending review related...