Natural capital disclosure is still in its nascence, despite the fact that businesses and their investors have already been exposed to its financial impacts. For the financial sector to be able to take natural capital into account, they need nature-related financial information from the businesses they invest in.
On 15 July, CDSB submitted its response to the European Commission’s public consultation on a renewed sustainable finance strategy. We have summarised the key points of our response.
ACCA, Accountancy Europe, Association of German Banks (BdB), CDSB, EFAMA, Frank Bold, IIGCC, Schroders, ShareAction, WWF have decided to form an informal group on Sustainable Finance. The group is used as a platform for collaboration and coordination and can serve in the future as a useful forum for further interactions with the EU institutions.
CDSB welcomes the final adoption of the EU Taxonomy Regulation after this week’s vote in the European Parliament.
Current corporate reporting practices could fall short on delivering on the objectives of the European Green Deal and the 2050 climate neutrality target.
Connecting CDP disclosures with the CDSB Framework to satisfy the TCFD recommendations
A four-year plan is currently underway by Climate Disclosure Standards Board (CDSB) in a bid to bring natural capital, including climate change, into the heart of financial decision-making.
Follow the 9 steps as outlined in the TCFD to-do list to ensure that you are making effective TCFD aligned disclosures.
CDSB welcomes the UK Financial Conduct Authority’s (FCA) efforts to speed up the uptake of high-quality climate-related financial reporting by premium listed companies, but warns that a comply or explain approach will not result in a timely and adequate response to the climate risks faced by the market.
Last week the European Commission launched the public consultation on the review of the Non-Financial Reporting Directive.
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