December 17, 2019 /3BL Media/ - CLP Holdings Limited (CLP) today announced its latest decarbonisation actions under the updated Climate Vision 2050, pledging not to invest in any additional coal-fired generation capacity and to progressively phase out all remaining coal assets by 2050.
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.
The airline releases its environmental social governance report to investors using Sustainability Accounting Standards Board (SASB) and Task Force on Climate-Related Disclosures (TCFD) standards
NEW YORK,May 30, 2019 /3BL Media/ – JetBlue (Nasdaq: JBLU) this week released its annual environmental social governance (ESG) report detailing the airline’s long-term emissions and climate risk management strategy, among other topics. The 2018 report is available here.
Meet the leaders making a difference in the global economy
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Bloomberg's Global Head of Sustainable Business & Finance Curtis Ravenel joined Nasdaq's Tomorrow's Capital Podcast and discussed the mainstreaming of ESG, the future of the industry and our work on the FSB Task Force on Climate-related Financial Disclosures (TCFD). Listen to the full episode here.
The Bloomberg Terminal’s geospatial solutions add eye-opening geographic context to financial analysis
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With growing interest in global warming's impact on business, we’ve built a collection of mapping tools to help companies, investors and researchers better visualize climate-related risks & opportunities.
In today’s digital world transparency is a given, but evidence is now critical. The TCFD recommendations and the SDGs will change sustainability reporting adding further pressure on companies to disclose validated data, quantify impact and showcase future resilience.
Financial players and their investors have much to gain from the shift toward greater sustainability. These investments offer a dual benefit: they lower emissions, speeding the transition to a low-carbon economy, and they can make (or save) money. People are increasingly aware of the first two pillars of sustainable investing -- risk identification and transparency. Now we need to inform them about the third: the need to drive capital toward sustainable opportunities, both at home and internationally.