Can the Taskforce on Nature-related Financial Disclosures solve the global ecological crisis?
The Taskforce on Nature-related Financial Disclosures (TNFD) officially launched on Friday (4 June) with an overarching aim to align corporate reporting and financial spending to alleviate nature-related risks. Here, edie explores whether the new initiative can generate enough momentum to deliver tangible change.
The TNFD has officially launched today
There has been a recorded 83% extinction of wild mammals and a 50% decline in the species of plants, according to the World Economic Forum (WEF). Those stats alone are stark, but not necessarily useful in helping corporate decision-makers understand the consequences of the impending ecological breakdown.
SPEECH
The embrace of the horizon: Forcefully moving with the changing tide for climate action in financial sector policies
Speech by Frank Elderson, Chair of the Central Banks and Supervisors Network for Greening the Financial System, Member of the Executive Board and Vice-Chair of the Supervisory Board of the ECB, at The Green Swan Conference – Coordinating finance on climate
Frankfurt am Main, 3 June 2021
Many thanks to the organisers for inviting me to address this conference with so many distinguished speakers. I am truly honoured to have the opportunity to speak at this important event and to discuss the immediate action the financial sector can and should take in the light of the ongoing climate crisis.
E-Mail
Researchers at the University of Zurich show how climate mitigation scenarios can be improved by taking into account that the financial system can play both an enabling or a hampering role on the path to a sustainable economic system.
To limit global warming, a profound transformation of energy, production and consumption in our economies is required. The scale of the transformation means that the financial system must have a proactive role. New green investments are needed, as well as a reallocation of capital from high to low-carbon activities. The Central Banks and Supervisors Network for Greening the Financial System (NGFS), of which the Swiss National Bank is a member, was recently established with the aim of better understanding and managing the financial risks of climate change. The climate mitigation scenarios developed by the NGFS in collaboration with the Intergovernmental Panel on Climate Change of the United Nations (IPCC) have been a major step in providing f
IEA Drops Bombshell Report On Oil And Gas yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.