While recent speeches by Philip Hammond and Mark Carney—and a Greenpeace protest—have helped to focus attention on climate reporting, a status report from the Task Force on Climate-related Financial Disclosures says more needs to be done.
Comment: The EU’s revised Shareholder Rights Directive comes into force this week. But while some investment managers are embracing the opportunity to engage boards on ESG issues, others appear to be hoping they will go away.
The UN Conference on Trade and Development and the International Integrated Reporting Council have agreed to work together to promote the UN Sustainable Development Goals (SDGs) as a framework for building sustainable business models.
Survey by KPMG highlights chief executives' growing concern over the impact of climate change, with 76% claiming their organisations' future growth depends on their ability to navigate the shift to a low-carbon economy.
Fund manager State Street claims its new scoring system, dubbed "R-Factor", will help ESG information "become an integral part of the financial system" by meeting the needs of both investors and companies for a transparent scoring methodology.