In this report, Ceres provides guidance to corporate boards on how they can effectively oversee risks posed by ESG issues, including questions for directors to ask management throughout the risk identification, prioritisation and mitigation processes. The report also offers concrete recommendations for boards looking to improve their companies’ resilience in the face of ESG risks.
Incorporating climate change risks into the existing risk management framework will likely be the best way forward. For many, this will be challenging and may take many years - each firm must therefore carefully define its priorities and development path now.
This paper suggests 8 steps that financial institutions should start with including adequate coverage of and accountability for climate change at board and executive levels, and identifying the most material climate drivers for the current business model.
This report describes how the integration of ESG issues into investment practice and decision making is an increasingly standard part of the regulatory and legal requirements for institutional investors, along with requirements to consider the sustainability-related preferences of their clients and beneficiaries, and to report on how these obligations have been implemented. It also identifies areas where further work is required and reflects on how investors’ duties and obligations may further evolve over time.
The Better Alignment Project, an initiative of the Corporate Reporting Dialogue (CRD), brings together CDP, CDSB, GRI,
IIRC and SASB to explore how these framework and standards setters can work together more to better support organisations in preparing environmental, social and governance (ESG) disclosures.
Fourteen global insurers worth over USD 3.5 trillion discuss how they manage the risks and opportunities of climate change.
The interviewees provide peers with practical ways to navigate an increasingly complex environment marked by escalating climate risks and regulatory pressure for better disclosure across underwriting and investment portfolios.
The report by ShareAction/AODP, called ‘Insuring a low-carbon future: A practical guide for insurers on managing climate-related risks and opportunities’, explores current leading practice, identifies common barriers, and presents a framework of industry-tested building blocks relevant for other insurers of all types. It also offers wider recommendations for policymakers, customers, insurers and their investors to help drive the industry towards aligning with a successful low-carbon and climate-resilient transition.
Environmental, social and governance (ESG) issues are becoming increasingly high profile with the spotlight on issues such as climate change, diversity, single use plastics, the rights of gig economy workers, the use of non-disclosure agreements and the negative social and economic impact of poor corporate culture.
This guide aims to cut through the confusion and set out the legal and regulatory requirements that apply to trustees, providers and asset managers. It also aims to consider how trustees, providers and those who advise them can meet these requirements in practice, and examine whether taking account of ESG considerations is likely to boost or dent investment returns. Finally, this guide,addresses some of the common myths around ESG, pensions and investing.
This report offers aggregate analysis of the responses to the PRI climate change indicators, over 200 investor climate transparency reports and, for the first time, anonymised interpretation of the quality of investor reporting over an ascending staircase of four steps: not reported, responsive, responsible and strategic (with the latter being the most advanced).
These Environmental Reporting Guidelines have been revised in accordance with changes in society’s expectations on non-financial reporting. The guidelines have shifted their focus from requiring entities to report their performance data to requiring them to identify material issues in their business and value chains and to explain their own sustainability. These new guidelines will also be reflected in the reporting format of the Environmental Reporting Platform Development Pilot Project, a Ministry of the Environment project aiming to use ICT technology to establish an environmental information disclosure platform that facilitates dialogue and analysis of environmental data.
Author: EU Technical Expert Group on Sustainable Finance
Industry Group: All Industry Groups
Guidance / Tool - 2019
On 10 January the TEG published its report on climate-related disclosures. This report corresponds to task 4 of the TEG’s mandate, which is to “Develop climate-related metrics in the context of its work on an EU taxonomy allowing improving disclosure on climate-related information and publish the outcome in a report.”