ESG in 3D: Governance
Progress report on climate-related disclosures
11 November 2022
Digest:
- “The timely issuance of a final global baseline climate reporting standard, ready for adoption across jurisdictions, is critical to provide decision- useful information to investors and other stakeholders on climate-related risks and opportunities”
- “Globally consistent and comparable climate disclosures are an important tool to give investors and other market participants the information they need to manage risks, and seize opportunities, stemming from climate change”
- The survey responses showed that the most advanced economies and most EMDEs have taken active steps for firms to incorporate climate disclosures in their mainstream disclosures
Source/Context:
The FSB has surveyed its membership in July 2022 since the 2021 report to take stock of jurisdictions’ further progress on climate- related disclosure practices. This included implementing the FSB recommendations from the report, as well as jurisdictions’ potential approaches for adopting, applying, or otherwise making use of the ISSB climate-related disclosure reporting standard.
The recent survey responses as noted in the progress report showed that the most advanced economies and most EMDEs have taken active steps for firms to incorporate climate disclosures in their mainstream disclosures.
What does this mean for the FS and other industries?
Out of the 20 jurisdictions that have taken additional actions on advancing climate-related financial disclosures, the TCFD Recommendations continue to be referenced as the common basis in most cases.
Half of the 20 jurisdictions have further set out, or proposed for public consultation, in addition to the recommendations, more specific metrics or guidance that provide more detail than the TCFD Recommendations on disclosures to be made by non-financial companies and financial institutions.
Contents
- ESG in 3D, November 2022
- Investment Zones on hold?
- Lloyds becomes first UK bank to halt new oil and gas funding
- Floating offshore wind pipeline potential
- The FCA’s anti-greenwash proposals
- Environmental Act 2021 – statutory requirement to submit targets not complied with
- Investors groups are calling for action from the Government
- The Starling Bank disability discrimination decision
- FCA Financial Lives survey: Socio- demographics and financial vulnerability
- Disability and access in banking
- ESG in deals and investments
- Additional matters
- Summary of other ESG related news
Discover more
ESG
You may be interested in...
17 January 2024
Legal Update
Veganism and manufacturing: Plant based diets, environmental sustainability and the future of farming sustainability
17 January 2024
Legal Update
ESG and the path to net zero: Construction industry considerations
19 December 2023
Legal Update
COP28 – key outcomes agreed and what they mean for you
08 December 2023
Legal Update
Climate change related insurance decisions being made around the world
17 May 2023
Podcast - ESG in 3D
The ESG podcast: topics for business and government
16 May 2023
Legal Update
AI modelling biases in quote engines
06 April 2023
Legal Update - ESG in 3D
ESG in 3D - April 2023 (Edition 2)
04 April 2023
Legal Update - ESG in 3D
ESG in 3D - April 2023 (Edition 1)
16 March 2023
Published Article
ClientEarth claim may expand scope of directors' duties
15 March 2023
Legal Update - ESG in 3D
ESG in 3D - March 2023 (Edition 3)
10 March 2023
Legal Update - ESG in 3D
ESG in 3D - March 2023 (Edition 2)
01 March 2023
Legal Update - ESG in 3D
ESG in 3D - March 2023 (Edition 1)
09 February 2023
Legal Update
Browne Jacobson collaborates with the University of Nottingham on EDI survey in the UK insurance market
07 February 2023
On-Demand
Future of Care: Retirement living webinar
01 February 2023
Legal Update
Green Leases for the NHS
31 January 2023
On-Demand
Environmental, social and governance (ESG) in the context of retirement living
13 December 2022
Legal Update
Code of Conduct for ESG data and ratings providers – bridging the authenticity gap
11 December 2022
Legal Update - ESG in 3D
ESG in 3D, December 2022
11 December 2022
Legal Update
COP15: The most important unknown summit?
11 December 2022
Legal Update
Long live king coal?
11 December 2022
Legal Update
Code of Conduct for ESG data and ratings providers
11 December 2022
Legal Update
All the pieces of the conduct puzzle: Governance, culture, D&I, innovation
11 December 2022
Legal Update
Voluntary offset markets for carbon – a bad atmosphere?
11 December 2022
Article
‘Decentralised and autonomous’ – evolution or misunderstanding of unincorporated association law?
11 November 2022
Legal Update - ESG in 3D
ESG in 3D, November 2022
11 November 2022
Legal Update
Investors groups are calling for action from the Government
11 November 2022
Legal Update
The FCA’s anti-greenwash proposals
11 November 2022
Legal Update
Floating offshore wind pipeline potential
11 November 2022
Legal Update
Investment Zones on hold?
11 November 2022
Legal Update
Lloyds becomes first UK bank to halt new oil and gas funding
11 November 2022
Legal Update
Environmental Act 2021 – statutory requirement to submit targets not complied with
11 November 2022
Legal Update
The Starling Bank disability discrimination decision
11 November 2022
Legal Update
FCA Financial Lives survey: Socio- demographics and financial vulnerability
11 November 2022
Legal Update
Disability and access in banking
11 November 2022
Legal Update
Progress report on climate-related disclosures
06 October 2022
On-Demand
Enforced ESG sustainability: prepare for the planned and the possible
12 September 2022
Legal Update
FCA warns that vulnerable to scams amid cost of living crisis
12 September 2022
Legal Update
FinTech and financial inclusion
12 September 2022
Legal Update
Retained EU Law Bill 2022: Racing to the bottom?
12 September 2022