What next for the TCFD recommendations? An interview with Russell Picot

by Carol Adams Main points: Support for disclosures being made mandatory Mark Carney established the TCFD to price climate change risks into capital markets Ignoring climate change risks presents risks to the financial system Speed of achieving outputs was a critical factor in determining structure of the TCFD Oil and gas sector leading in use […]

Revised ASX Corporate Governance Principles increase focus on climate change, environmental and social risks

by Carol Adams Main points: The ASX has released revised Corporate Governance Principles The term ‘social licence to operate’ has gone following consultation feedback Climate change and sustainability risks gain prominence Reference made to TCFD, GRI, CDSB and IIRC disclosures / Frameworks Importance of stakeholders to long term value creation is emphasised The Australian Securities […]

What does investment stewardship mean in the era of climate change and the Global Goals?

by Carol Adams Main points: The UN SDGs provide a useful framework for investors to consider social and environmental risks The UK Financial Reporting Council’s (FRC) revised Stewardship Code recognises that climate change poses risk to investment beneficiaries’ returns Responses to the Australian Senate Inquiry on the SDGs emphasised the role of investors Investment stewardship, […]