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The country’s central bank will also accelerate some of its domestic sustainable finance action plans.
The metric could be used to support transition financing decisions or meet regulatory requirements.
The latest developments in sustainable finance: LGIM opposes board member at Indian manufacturer on transition plan concerns; pharma co calls on EU to speed up roll-out of sustainability sector standards.
The latest ESG movers and shakers: PRI hiring nature specialist and workstream members for net-zero policy group; Michaelsen leaves Nordea.
Commonwealth Bank of Australia leans on CA100+ framework to cut ties with clients lacking credible transition plan.
The groups have also asked for further clarification that competition law should not impede sustainability collaboration initiatives.
Banks that adopted SBTi-approved targets were found to have priced in climate considerations to a greater extent than their peers.
The latest developments in sustainable finance: Commission publishes ESRS Q&A; UK reportedly planning ESG ratings regulation next year.
Members of the US House Judiciary Committee have named more than 130 organisations as part of an investigation into the climate engagement initiative.
International Accounting Standards Board solicits feedback on case studies of climate considerations being integrated into financial reporting.