Khalid Azizuddin
Responsible Investor talks to asset managers about the pros and cons of the popular climate metric.
The move could see the East African country become a leader on climate supervision.
European Systemic Risk Board says tweaks to IFRS accounting standards could improve climate disclosures, while ESMA has separately proposed new ESG disclosure requirements for CRAs.
Requests around additionality were toned down in the final guidance, which the regulator says is 'in principle compatible' with global guidance.
Aside from changing lending practices, research found little evidence of other climate-aligned outcomes.
Asset managers say the decision to exit was taken after extended engagement efforts.
At the same time, banks were also found to be 'highly exposed' to transition risk.
It follows a gradual broadening of the UN Guiding Principles to include the financial sector.
-80x80.jpg "GHG Protocol told to step in on facilitated emissions reporting")
The topic has drawn attention from regulators following the release of PCAF’s voluntary standard.
The minimum capital requirements for banks are also being reviewed for climate additions.