Pension schemes, insurance companies, asset managers and banks will all be forced to disclose their financial exposure to climate change by 2025 under new rules unveiled by the UK chancellor Rishi Sunak yesterday.
The number of organisations that have expressed support for the Task Force on Climate-related Financial Disclosures (TCFD) has increased by 85% over the last year.
A new scientific study has linked 15% of worldwide COVID-19 deaths with long-term exposure to air pollution, with the figure rising to as high as 27% in East Asia.
A growing number of investment firms are incorporating environmental, social and governance (ESG) metrics into their decision-making worldwide, an annual survey by Russell Investments has uncovered.
Insurers, banks and institutional investors worldwide can now validate their climate goals through the Science Based Targets Initiative (SBTi) for the first time.
The overwhelming majority of institutional investors that signed a UN agreement to help halt deforestation last year have failed to take sufficient action themselves.
More than a third of asset managers worldwide were unable to provide an example of climate change-related engagement efforts when interviewed by consultancy firm Redington recently.
The Science Based Targets Initiative (SBTi) has started developing the first-ever global standard to ensure corporations set credible targets for net-zero emissions by 2050.
