May 11, 2021 /3BL Media/ - Institutional investors with more than $88 billion in assets under management and a coalition of business leaders are calling on the California State Legislature to pass legislation that would require state-incorporated corporations, financial institutions, and insurers to report on climate-related financial risks.
COVID-19 has dominated virtually every waking moment for much of the past year. But with vaccination programmes now accelerating across the world, attention is shifting back to other societal challenges facing us globally. And of these, there is arguably none bigger than climate change. In 2015, climate change spurred investors and the financial industry to form the Task Force on Climate-Related Financial Disclosures (TCFD), which developed and released their recommendations for climate-related financial disclosure in 2017.
A flick of the baton and the strings stir to life. A grand sweep of the arms and the other instruments strike up in perfect harmony. The maestro on the podium skilfully unifies the musicians, sets the tempo, and directs the sounds of the ensemble.
Balancing harmony is an art. Transposed to the context of sustainability reporting, understanding the artistry behind the harmonisation requires an appreciation of the complexities of reporting instruments and the different viewpoints on how sustainability reporting should be orchestrated.
CSE Research explores why 'doing business as usual' is no longer a valid option and the shift to 'doing business in a sustainable way' is the only way to secure companies’ trust and financing.
CHICAGO, December 16, 2020 /3BL Media/ - The Center for Sustainability and Excellence (CSE) announces its fourth consecutive 2020 Annual Research into ESG Ratings and Sustainability Reporting Trends in North America, focusing in common ESG practices and frameworks used by companies and organizations with improved financial results (e.g Annual Revenues increase).
Bloomberg Now at Midpoint of Reaching 100% Renewable Energy Target by 2025
NEW YORK, 5 May 2020 /3BL Media/ – Bloomberg LP received 48.5% of its energy from renewable sources in 2019, up from 17% in 2018 and exceeding its 2020 interim goal of 35% of renewables use, according to the company’s 11th annual Impact Report released today.
By: Nadia Humphreys, Business Manager for Sustainable Finance solutions at Bloomberg
While the COVID-19 pandemic is forcing governments and the private sector across the globe to take drastic measures, many commentators are pointing out the analogies with climate change. There is a key difference however: climate change won’t come as a surprise.
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.