The second digital edition of ESG Magazine (Issue 8) is out now. Readers of ESG Magazine will know that it is the first dedicated digital publication for Environmental, Social and Governance (ESG) issues in financial markets. ESG Magazine is published for free (just click, no sign in required) four times a year and is the sister publication of Responsible Investor (RI). The aim of ESG Magazine is to pull together related articles on a sustainability topic of significant importance to investors and give a comprehensive overview of that subject.
It is published on the ESG app alongside our ESG Insight publication, a series of deep-dive thematic and country reports. The magazine is also a showcase for the issues that we cover within our suite of global ESG events, which are among the most respected in the financial services industry.
This issue of ESG Magazine is a special in-depth report into the final Guidelines published by the Taskforce on Climate-Related Financial Disclosure (TCFD).
We believe TCFD is one of the most important reports on a potential revolution in climate reporting by companies and investors, and its recommendations will dominate discussion in the coming months and years. In this issue of ESG Magazine we look at what the challenges for the TCFD are and what investors think of the work so far.
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Amazon Store 8. CONTENTS
FEATURE: TCFD. May the Task Force be with you
- Carney’s climate brainchild
How the Chair of the Financial Stability Board brought the TCFD to life.
- What does the future hold for scenario analysis?
The TCFD report has gone big on forward modelling: what chance of success?
- The space between climate change and financial statements
So far there are no specific standards or methodologies to integrate CO2 disclosures into accounting practices
- What do international investors, companies and civil society think of the TCFD report?
Critical mass and peer pressure will build momentum, but only if companies and investors back the Guidelines.
- The devil is in the disclosure
At launch, the TCFD unearthed some 400 different frameworks for climate reporting: what’s going to happen to them?
- The holy grail for investors: countries allying on Co2 reporting
Carbon reporting differs between nations: is the TCFD a golden chance for rule harmonisation?
- Remco Fischer, UNEP: Building a virtuous circle of investor-corporate climate disclosure
Implementing forward-looking, scenario-based, assessments for investors is a real challenge; but financial organisations can collaborate for climate disclosure 2.0
- California goes clear with the Carbon Initiative
One of the world’s most powerful insurance regulators is taking a major reporting stance on climate risk, but faces legal pushback.
- The EU has the TCFD firmly in its plans for a sustainable Capital Market Union
Both the Non-Financial Reporting Directive and the High-Level Expert Group on Sustainable Finance are aligning with the guidelines.
- Preventable Surprises: The mystery of the missing CEO signatories to the TCFD report
Some of the biggest names in the investment world backed the TCFD work with people and resources, but their management didn’t sign-on to the outcome: Preventable Surprises asks why?
ANALYSIS: The quarterly deep-dive into the most topical ESG issues
- ESG interview: Hiromichi Mizuno, CIO, GPIF, Japan
The investment head of the $1.3 trillion pension fund talks about the fund’s journey in responsible investment
- Nick Robins, Co-Director, Inquiry into the design of a sustainable financial system
Why investors need to add a social dimension to their climate strategies – and where to start?
- Tim Mohin, CEO, GRI: How can we get the ‘buy-in’ required from investors to make the SDGs work?
GRI and the UN Global Compact have partnered on a project: The Reporting on the SDGs Action Platform
- Carmen Nuzzo, PRI Senior Consultant, Credit Ratings Initiative: Fixed income investors and credit ratings agencies turn their gaze to ESG
Evidence of a link between poor ESG scores and potential defaults continues to emerge and be adopted in credit risk analysis.
- SPOTT the difference in influencing commodities players on deforestation
A timber, pulp and paper tool to launch in October will enable investors to assess companies in the sector via ranking and improvement scores.
- ESG Café
Book reviews and sustainable lifestyle stories
- The Challenger: our regular provocative think piece
Mark Van Clieaf and Cathy A. Hansell: We have to see the business upside if COP21 and the SDGs are to work!