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Seven ways to inform better decisions with TCFD reporting

GreenBiz

Seven ways to inform better decisions with TCFD reporting. Each can apply TCFD reporting intelligence to inform better decisions in different ways. A large commercial bank wanted to estimate the impact of a carbon tax on the credit risk of companies in their loan book. Steven Bullock. Mon, 09/28/2020 - 00:00.

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Taking stock of Chase, HSBC, and Morgan Stanley's recent climate commitments

GreenBiz

Recent months have seen major moves on climate action by some of the world’s largest private banks, including JPMorgan Chase, HSBC and Morgan Stanley. Looking across their investments in different sectors and regions, more banks are considering how to reduce the carbon intensity of entire portfolios over time.

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UK Releases Proposed Sustainability and Climate Reporting Standards

ESG Today

As part of the consultation, the government said that it is seeking evidence of the costs and benefits of using the new UK SRS, which would inform its decisions on reporting requirements for companies. C goal of the Paris Agreement.”

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Investors Drive Banks Toward Greater Transparency on Climate in 2024 Proxy Season

3BL Media

May 24, 2024 /3BL/ - In a notable move for the 2024 proxy season, New York City Comptroller Brad Lander and New York City Public Pension Boards (NYCERS) submitted six shareholder proposals asking banks to disclose a novel metric for assessing their progress towards their net zero targets and contributions to the clean energy transition.

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NGFS Releases its First Short Term Climate Scenarios

ESG Today

The NGFS was established in 2017, with the purpose of helping to strengthen the global response required to meet the goals of the Paris agreement and to enhance the role of the financial system to manage risks and to mobilize capital for green and low-carbon investments in the broader context of environmentally sustainable development.

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ECB Sets Goal to Reduce Emissions of €331 Billion Corporate Bond Portfolio by 7% Per Year

ESG Today

According to the ECB, the new target is aimed at keeping its holdings on a path that supports the goals of the Paris Agreement and EU climate neutrality objectives.

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Hong Kong Central Bank Directs Banks to Integrate Net Zero Transition Planning

ESG Today

The Hong Kong Monetary Authority (HKMA), Hong Kong’s central banking institution released a series of principles for banks on planning for the transition to a net zero economy, including ensuring that setting objectives aligned with a net zero transition, and embedding transition considerations into internal processes.

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