Companies too often make the mistake of thinking climate change is a long-term issue, but it’s actually affecting decisions today, according to a report by a global commission set to evaluate transparency into financial climate risks and opportunities.
To better understand current climate-related financial disclosure practices and how they have evolved, the Task Force on Climate-related Financial Disclosures (TCFD or Task Force) reviewed—using artificial intelligence technology—reports for over 1,000 large companies in multiple sectors and regions over a three-year period. In addition, the Task Force conducted a survey on companies’ efforts to implement the TCFD recommendations as well as users’ views on the usefulness of climate-related financial disclosures for decision-making.
Nearly 800 organizations have now expressed support for the TCFD and its recommendations
NEW YORK, June 5, 2019 /3BL Media/ – The Task Force on Climate-related Financial Disclosures (TCFD) published its 2019 Status Report to the Financial Stability Board (FSB) today. The TCFD’s second status report provides an overview of disclosure practices aligned with the Task Force’s recommendations between 2016 and 2018. The report also examines the decision-usefulness of existing climate-related financial disclosures to users of disclosure, and evaluates disclosures of strategy resilience and the challenges faced by preparers using scenario analysis.
Bloomberg commits $2.3 million to University of Maryland and Rocky Mountain Institute to further analyze U.S. GHG emissions reductions to present to UN at Climate Conference
COLLEGE PARK, Md., May 28, 2019 /3BL Media/ – Today, Michael R. Bloomberg, the United Nations Secretary-General’s Special Envoy for Climate Action, is doubling down on his commitment to support ongoing efforts at the state and local levels to combat the climate crisis as the current U.S. administration fails to act. Bloomberg will grant $2.3 million to the University of Maryland’s Center for Global Sustainability and the Rocky Mountain Institute (RMI) to evaluate and analyze current U.S. greenhouse gas emissions reductions.
The U.S. Asian-Pacific community, spanning more than 50 racial/ethnic groups and speaking more than 30 languages, isn’t easily defined.
The term “Asian American” was coined in 1968 to help establish a collective identity in the U.S. at a time when communities with Asian roots could benefit from embracing their shared history. But simplifying racial categories has brought both benefits and setbacks.
Today, Bloomberg’s sustainability initiatives are built into our everyday lives at work. Our coffee cups are compostable. Lights and screens shut down when not in use. Our printers default to double-sided printing, and most office paper has recycled content. But just ten years ago, our global offices looked very different.
By identifying areas of opportunity across the company to decrease our environmental impact, we’ve been able to make our company more efficient and resilient, while transforming our culture and avoiding $116 million in operating costs.
May 1, 2019 /3BL Media/ The submission period for the 2020 Bloomberg Gender-Equality Index (GEI) opened today to more public companies around the world than ever before. Now in its third year, the GEI recognizes companies that are committed to transparency in gender reporting and offer best-in-class policies and practices in support of women in the workforce. Nearly 6,000 companies in 84 countries will have the opportunity to disclose their data using Bloomberg’s gender reporting framework.