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Global Regulatory Brief: Green Finance, January Edition

3BL Media

Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations Climate Change Conference (COP28) galvanized the energy around the global green finance agenda, setting the stage for a busy 2024 of green-related rulemaking and policy guidance for the financial services sector.

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TNFD Vital to “Operationalise” GBF’s Target 15

Chris Hall

Standardising nature data Non-profit disclosure platform CDP has declared its intent to align with the TNFD framework, signalling a significant expansion of its purview, which previously focused on climate, deforestation, and water security, but is broadening to encompass biodiversity and plastic pollution.

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The Era of Compliance: The Changing Landscape of ESG Reporting

3BL Media

Employees are seeking safety, security, and stability; regulators seek to ensure their communities are protected from contamination and competition for resources; investors are seeking “sustainable investments” and projects; and business leaders must protect and grow their organization in an ever-changing global economy.

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This Week’s Tech and Tools News: GRI Publishes New Coal Standard

Chris Hall

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including GRI, Sustainalytics, ISS ESG, CDP, Diginex, Esgaia and Normative. . GRI 12 will come into effect for reporting from January 2024. .

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

Financed emissions are the share of operational emissions from the companies under an institution's investment/lending portfolio, with methodologies such as PCAF or JIM providing a system for measuring these emissions. Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

Net Zero 147
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UK Urged to Move Away from Single Materiality Mindset

Chris Hall

Investment industry bodies have underscored the need for double materiality in response to the UK government’s consultation on non-financial reporting. The authority had already pushed the release back to Q3 earlier in the year and the rules are now not expected to arrive until H2 2024.

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Firms Face Double Trouble from Disclosure Rules

Chris Hall

The ability of corporates to comply is critical to investors, who will increasingly rely on the new standards to make sustainable investments. However, the report warned that EU firms are “running out of time”.