On Wednesday, the FSB’s Task Force on Climate-related Financial Disclosures issued its landmark report with a set of recommendations, applicable to organizations across sectors and jurisdictions. Eurosif, who has been a strong advocate of this very vision, is very much supportive of this approach. Executive Director, Flavia Micilotta welcomes the approach “as it recognises the value it must enable investors have a view on how companies are managing such challenges. A truly ‘functional’ reporting is the only way forward.”
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TCFD Reaction: 'Turning point for climate disclosure': The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting. Helen Wildsmith, head of stewardship at the CCLA, said: "I think it's an important turning point. This is the FSB recognising the potential macro risks in the system."
Sweden’s biggest institutional investors commit to UN SDGs in investment approach: Six of Sweden’s biggest institutional investors: Alecta, Folksam, Sjunde AP fond (AP7), Skandia, Swedish pension insurer SPP, and The Church of Sweden have declared that they will integrate the Sustainable Development Goals (SDG) set by the UN’s Agenda 2030 in their business, corporate governance and investment approach, and called on other investors to look at possibilities to cooperate in reaching the SDG objectives.
Carbon markets face fresh uncertainty: Political changes in the UK and US have reversed recent progress towards greater clarity in the world's largest carbon markets, says Graham Cooper.
LuxLeaks trio back in court for appeal: The three men at the heart of the LuxLeaks scandal that saw PwC pilloried over the number of tax avoidance schemes its Luxembourg office was involved in, were back in court today appealing against last June’s court verdict.
OECD's BEPs measures seriously flawed: The OECD’s proposals for creating a level playing field for emerging economies on tax are seriously flawed and their piecemeal implementation has led to a deepening of the tax gap, according to research from Tax Justice Network.
Eurosif is the leading European association for the promotion and advancement of sustainable and responsible investment across Europe, for the benefit of its members.
Eurosif's purpose is to:
1. Promote best practice in Sustainable and Responsible Investment (SRI) on behalf of its members
2. Lobby for European regulation and legislation that supports the development of SRI
3. Support its members in developing their sustainable and responsible investment business
4. Promote the development of, and collaboration between SIFs across Europe
5. Provide research and analysis on the development and trends within the SRI market across Europe
6. Raise awareness of and increase demand for SRI throughout the European capital markets www.eurosif.org
Eurosif’s EU Transparency registration number with the European Commission is 70659452143-78.