G7 leaders are not short of advice, nor lessons from local history.
Central banks warn: 13% of global GDP would be at risk by end of century, even before accounting for severe weather events.
Exercise aims to support more robust management of climate-related financial risks across the sector, says governor.
Transition paths from brown to green assets are largely dependent on public policy, with finance sector playing supporting roles.
IIRC, SASB merger formalised, but “foundational layer” for globally accepted standards remains elusive.
Lack of awareness of human rights violations in apparel supply chains is no longer an excuse as incoming legislation forces accountability.
Cost of offsetting carbon emissions needs to increase “significantly”, while regulated sector faces “political challenges”.
Reporting organisations expected to implement double materiality perspective.
TCFD, IASB frameworks endorsed; communique also calls for progress on impact, nature-based and beneficial ownership reporting.
COP26 preparations started in earnest this week, but G7 outlook is uncertain.
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