TCFD

The latest developments in sustainable finance: SBTN publishes pilot results; nearly half of NZ stewardship code signatories plan to boost capacities.

The latest developments in sustainable finance: Storebrand to pre-disclose votes five days ahead of AGMs; TPR questions ‘generic’ pension scheme TCFD reporting.

The rules largely mirror the TCFD reporting structure, in addition to bank-specific KPIs.

Separately, the ECB has published research on different types of carbon emissions regulations and what these could achieve,

An ECB paper has separately criticised banks for joining net-zero initiatives without a clear decarbonisation strategy.

The exchange has told companies to start working on climate transition plans.

ANZ has been identified as the worst performer due to policy, governance and disclosure shortcomings.

The group has slammed the antitrust criticisms in the US backlash as being disingenuous and harming investors.

Planned framework provisionally encompasses social and inequality-related risks and opportunities affecting financial stability and long-term enterprise value creation.

Report card comes as a raft of central banks publish TCFD-aligned reports of their investment portfolios, many for the first time.