A summary of recent academic literature
The COVID-19 crisis is likely to have dramatic consequences for progress on climate change. Imminent fiscal recovery packages could entrench or partly displace the current fossil-fuel-intensive economic system. Here, we survey 231 central bank officials, finance ministry officials, and other economic experts from G20 countries on the relative performance of 25 major fiscal recovery archetypes across four dimensions: speed of implementation, economic multiplier, climate impact potential, and overall desirability.
This portal covers 6,685 coal units which represent ~95% (1,900 GW) of global operating capacity and ~90% (220 GW) of capacity under-construction. The portal provides current and forward-looking estimates of the (short and long-run) operating cost, gross profitability, relative competitiveness, phase-out year and stranded asset risk in a below 2°C scenario.
CDSB has reviewed the 2019 environmental and
climate-related disclosures of Europe’s 50 largest listed
companies, with a combined market capitalisation of
US$4.3 trillion, under the EU Non-Financial Reporting
Directive (NFRD also referred to as ‘the Directive’).
The purpose of this report is to inform policymakers
of the changes needed to improve environmental
disclosures under the Directive, to ensure it meets its
purpose of increasing the relevance, consistency and
comparability of company reporting. It also aims to
support corporate report preparers in enhancing their
disclosures under the Directive by identifying good
practice case studies and tips, drawn from the findings
of CDSB’s review
The number of modern slavery victims in global supply chains today is believed to stand at around
16 million1
, roughly the same number of enslaved people as during the transatlantic slave trade in the
18th century2
. While this statistic alone is suggestive of a dire reality, it does not include other human
and labour rights abuses experienced by many around the world: child labour, exploitative and unsafe
work conditions, poverty due to poor wages and suppression of unionisation.
Across the globe individuals, organisations and governments are starting to move from talk to collective
action as we strive to achieve inclusive economic growth without depleting natural resources. It is now
widely recognised that the financial services sector has a fundamental role to play in delivering
universally supported targets such as the Paris Agreement and the UN’s Sustainable Development Goals
(SDGs). However, despite its potential, the current financial system can be a cause of, rather than a
solution to, some of the pressing challenges our planet and its people currently face. In trying to address
this predicament Scotland is reflecting on its heritage and seeking to emerge as a leading centre for a
new financial paradigm that looks beyond profit and shareholder value to deliver social, economic or
environmental impact as well as financial returns.
This paper provides a useful tool to the market to ensure that companies are reporting on climate-related risks and opportunities in line with the TCFD Recommendations in a highly efficient and investor-useful manner in the mainstream report, ideally readying them for the inevitable policy response of mandatory climate disclosure.
The guidelines are based on the legal requirements of German company and investment laws as well as industry standards to provide asset managers with guidance on how stewardship should be understood and implemented. They reflect Stewardship comprising the responsible allocation and active management of assets with the aim of creating sustainable, long-term value for clients including regard for ESG factors. This includes monitoring and active dialogue with portfolio companies, targeted exercise of shareholders' rights and exchange with other asset managers as legally permitted.
This report focuses on sustainable finance efforts currently undertaken by individual countries, regional groups, multilateral development banks (MDBs), international organizations (IOs), private sector entities, and non-governmental organizations (NGOs).
Building and operating coal is becoming a political decision that increasingly conflicts with underlying economic realities.