TCFD

Basel committee to consult on climate extension to Pillar 3 framework by end-2023.

Clear implementation gaps when it came to TCFD and lack of disclosure on how managers deal with conflicts of interest in their responsible investments was also flagged in analysis.

Auditors are expected to play a key role in ensuring the integrity of ESG and climate reporting.

Separately, the FCA has warned that London-listed companies may face enforcement action for inadequate TCFD-aligned climate disclosures.

Elizabeth Maruma Mrema calls for government action ahead of crucial UN COP15 conference in December.

Minister voices hope that the UK could be first country to mandate TNFD reporting; move to Canada confirmed for COP15.