Khalid Azizuddin
Exceeding the TCFD could cause unsustainable workloads and fragmentation
The bank also said it would help develop and review client Net Zero transition plans
The provider says it is aligning with EU sustainable finance regulations including the Taxonomy and upcoming corporate sustainability disclosure requirements
It is the second initiative to be launched under the region’s sustainable finance roadmap
Climate pledges fall short on restricting oil and gas production, and underwriting, NGO warns
It comes as the Bank of Italy sets up two climate change bodies
Separately, another investor group has launched a non-profit dedicated to effective tech stewardship
Institute of International Finance also expects state-owned enterprises in emerging markets to increasingly prioritise climate when seeking to raise capital
Draft proposal quotes IOSCO's call for ESG data and ratings to be regulated
It is unclear whether the group’s objections will be sufficient to derail the proposed measures