The coming days should see greater certainty emerge in the environmental, social, and governance (ESG) standards-setting space, says XBRL International CEO John Turner.
The Financial Stability Institute (FSI) has published an Insights paper on ‘Stress-testing banks for climate change risk – a comparison of practices.’
A post by John Turner, CEO of XBRL International. While preparing a presentation that I gave this week to the Taiwan Stock Exchange it occurred to me that the next 99 days (well — it was 101 when I gave the talk) should see a significant degree of certainty arrive in the environmental, social, and […]
The G20 Finance Ministers and Central Bank Governors have given a ringing endorsement to sustainability disclosures and the development of international standards.
The recent communiqué from the G20 Finance Ministers and Central Bank Governors includes the use of carbon pricing mechanisms and incentives among the set of tools available to facilitate the shift to a more sustainable economy, alongside its support for global reporting standards discussed here.
The UK’s Financial Conduct Authority (FCA) is consulting on expanded climate-related disclosures, with comments due by 10 September.
The US Securities and Exchange Commission (SEC) has now closed its consultation on climate change disclosure rules and published the thousands of responses received, including heavyweight support for mandatory and digital approaches.
Yi Gang, Governor of the People’s Bank of China (PBOC), has promised ambitious new climate disclosure requirements and international collaboration as part of efforts to drive a ‘green transformation’ of Chinese banking.
The Group of Seven (G7) Finance Ministers and Central Bank Governors have issued a communiqué calling for the introduction of mandatory climate-related disclosures and endorsing international initiatives, among other concrete actions to address today’s historic challenges.
A recent post from the International Monetary Fund (IMF), on ‘How strengthening standards for data and disclosure can make for a greener future,’ lends its support to harmonised and consistent climate disclosures.
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