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Khalid Azizuddin

Khalid retrained as a journalist after working for a number of years in corporate strategy at Sime Darby in Malaysia. He focuses on sustainability data & disclosures, policy and developing markets. He is a former winner of the CFA UK Journalist of the Year Award for his coverage of the human rights issues involved in investment in Chinese surveillance companies.
The climate targets initiative has been accused of sidelining staff and advisory bodies.
Parts of proposed global framework for prudential climate disclosures slammed as ‘out of sync’ with market practices.
Responsible Investor talks to asset managers about the pros and cons of the popular climate metric.
The move could see the East African country become a leader on climate supervision.
European Systemic Risk Board says tweaks to IFRS accounting standards could improve climate disclosures, while ESMA has separately proposed new ESG disclosure requirements for CRAs.
Requests around additionality were toned down in the final guidance, which the regulator says is 'in principle compatible' with global guidance.
Aside from changing lending practices, research found little evidence of other climate-aligned outcomes.
Asset managers say the decision to exit was taken after extended engagement efforts.
At the same time, banks were also found to be 'highly exposed' to transition risk.
Wooden hammer with gold details and books in the background.
It follows a gradual broadening of the UN Guiding Principles to include the financial sector.

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