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On the fifth anniversary of the TCFD, a call to action

GreenBiz

They recognized that without reliable climate-related financial information, assets could be mispriced and capital could be misallocated, meaning the global economy potentially could face a tumultuous transition to a low-carbon future. government announced that all companies must be TCFD-compliant by 2025. So, the TCFD was born.

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Statement on behalf of We Mean Business Coalition ahead of COP27

We Mean Business Coalition

Deforestation must be removed from supply chains by 2025. In a global economy no-one will be unaffected when climate-related disasters hit. Deliver on the US$100 billion per year climate finance commitment, including a 50-50 share for mitigation and adaptation, and make progress on the post-2025 climate finance plans; .

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Decarbonising Investment Portfolios on the Journey to Net Zero

3BL Media

CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions. Financial organisations thus have a major role to play in the decarbonisation of the global economy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5

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TPT Framework “Complements and Builds” on ISSB Standards

Chris Hall

These new requirements are anticipated to come into force for accounting periods from January 2025. This guidance is essential in increasing that number,” Bartlett added. The first reporting would begin from 2026.

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Water Must Be “Third Peak” in Climate, Nature Challenge

Chris Hall

billion people worldwide lack access to water and at the current global water consumption rate the situation will severely worsen. By 2025, two-thirds of the world could face water shortages. The global population is projected to reach just short of 10 billion by 2050, which would require 55% more water.

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Third of Global Market Cap Covered by Emissions Reduction Targets

Chris Hall

The 2021 Progress Report, ‘ Scaling Urgent Corporate Climate Action Worldwide ’, found that companies committed to cut emissions in line with climate science now represent US$38 trillion of the global economy, more than one-third of global market capitalisation (up from 20% in 2020).

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UK Urged to Move Away from Single Materiality Mindset

Chris Hall

In its consultation response, the UN Principles for Responsible Investment (PRI) said that the UK government must commit to implementing the ISSB’s general sustainability disclosure requirements standard (IFRS S1) and climate standard (IFRS S2) on an economy-wide basis by 2025 “at the latest”.