Consultation respondents diverge over technical screening criteria for companies in transition.
Seven in ten have no carbon-footprint reduction targets in place for externally managed portfolios.
Closer coordination planned to support COP26 goals
Paris Agreement anniversary marked by asset manager pledge and new European 2030 target.
Less than a fifth of listed firms have plans for emissions reduction in line with 2°C or below pathway by 2050.
Advisory group calls for mandatory net-zero targets on path to “world’s first net-zero financial system”.
Disclosure organisation reveals 45% increase in top-rated firms, “welcomes growing environmental awareness”.
Lack of progress on climate-related disclosures means TCFD recommendations should be “explicitly” embedded.
Climate-first strategy should not be to detriment of investor awareness of broader ESG risks.
Governance factors had the highest impact, while environmental factors generally deemed irrelevant to supranational credit ratings.
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