Carbon Emissions

Climate Bonds Initiative has established itself as a leading developer of global taxonomies. RI talks to the NGO about sectoral approaches, red lines and the competitive landscape.

It comes just months after banks came to an agreement on a voluntary disclosure standard.

The data firm has identified two key Scope 3 categories for disclosure in each sector and calls on regulators to provide greater guidance on what corporates should report on.

The ECB also flags elevated litigation and reputational risks for banks that have publicly committed to decarbonise by 2050.

New guidance provides detail on the ESG disclosures and risk management systems that will be assessed under the EU’s prudential regime.

Part 4 of RI's Scope 3 Series: As companies face rising regulatory assurance requirements on emissions reporting, auditors highlight the challenges of assessing Scope 3 disclosures.

Separately, the ECB has published research on different types of carbon emissions regulations and what these could achieve,

Part 3 of RI's Scope 3 Series: Machine learning and disclosures of prediction error for estimates could help improve Scope 3 data usability for investors.

Significant progress is being made on the topics of coal phase-outs, scenario analysis and improving ESG data.

The supervisor is planning to test the concept through a pilot transaction.