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Just Transition
Annual CEC benchmark shows improvement; initiative separately notes public disclosures required for assessment after Canada greenwashing measures saw some firms remove sustainability claims.
Regional GFANZ chapter will also work on policy initiative and 'voluntary guidance' on transition strategies.
Lenders draw on CA100+ and TPT to develop increasingly sophisticated transition assessments, which they say could lead to clients or transactions being dropped.
Sustainable finance advisory board calls for co-operation with France and UK to harmonise transition plans.
A just, orderly and timely transition in developed markets is good for investors as well as workers, says Maria Nazarova-Doyle of IFM Investors.
Railways pension scheme will consider backing Just Transition resolutions, implements policies on supplier payments, dual class shares.
Investors praise private sector announcements and discussions on transition plans and nature, but credibility concerns remain over fossil fuels.
The pilot project will provide proof of concept for a new carbon credit scheme from Verra.
Overwhelming majority of firms fail to meet Just Transition indicators in first publication of revised benchmark.
The TPT also sets out how entities can consider nature, just transition and adaptation in plans.