Sallie Pilot

Check out the latest resources from the Transition Planning Taskforce (TPT)

1

Hot on the heels of London Climate Action Week, yesterday we were delighted to partner with the International Sustainability Standards Board (ISSB) (part of the IFRS Foundation) to host a client roundtable on preparing for the ISSB sustainability disclosure standards, which are set to become mandatory in the UK for large and listed companies (exact timing TBC). Connor Cahalane and Sophie Tuson, alongside the brilliant Mardi McBrien from the ISSB, led discussions on: ➡️ Interoperability with other disclosure regimes, including aligning the ISSB standards with the European Sustainability Reporting Standards ➡️ Internal governance strategies for uniting finance, sustainability, and legal teams to handle increasing sustainability reporting requirements ➡️ Mitigating greenwashing by drafting disclosures to minimise the risk of legal challenge #Sustainability #Governance #CorporateResponsibility #ESG #SustainabilityStandards

9

💡 As regulation relating to ESG reporting evolves, the Sustainability Reporting Standard for Social Housing (SRS) must continue to adapt and align. It is essential to housing providers that there is clear interoperability between reporting requirements and standards. In our first Insight Paper, we explore how the recommendations from the FSB Task Force on Climate-related Financial Disclosures (TCFD) interact with the SRS. While this paper is available to the entire SRS community, subsequent Insights Papers will be exclusive to Adopters. To discuss all the benefits of Adopting the SRS please get in touch. 📧 [email protected] 🔗 Read our TCFD Insights Paper here: https://lnkd.in/eSD-eCK7 #SocialHousing #ClimateAction #TCFD #Sustainability

3

Financial Reporting Council has today published the TAC’s final recommendations for endorsement of the IFRS Foundation Sustainability Disclosure Standards S1 and S2 for use in the UK. Minor recommended amendments include: ** extending the 'climate first' reporting relief from one to two years ** suggesting the development of guidance on implementing IFRS S1 to clarify how entities can align this standard with existing sustainability-related disclosure requirements under the current UK legal framework. See link to report in comments 👇 https://lnkd.in/eAP5FWDd

The Financial Conduct Authority is consulting on extending the Sustainability Disclosure Requirements (SDR) and investment labels regime to portfolio management. The regulator is proposing to apply a broadly similar approach to labelling for portfolio managers as introduced for fund managers, to have a consistent approach and create a level playing field. This would mean applying the labelling regime, naming and marketing rules, and disclosure requirements to portfolio managers. This consultation closes on 14 June 2024. We will be providing a response. If you would like to get involved and contribute, please contact our Maja Erceg #sustainability #regulation #financialservices

4

The #EY Net Zero Centre just published a new report highlighting the outlook for the global voluntary carbon market and the essential role carbon credits must play for effective and ambitious climate action. Key findings include: ➡️Carbon credits are essential to effective and ambitious climate action ➡️Quality credits are scarce and priced at a premium ➡️Those that engage early will be best positioned to create and capture opportunities and manage risks Read the full report: https://lnkd.in/e5G3wJBW Chestnut Carbon is proud to develop nature-based carbon removal projects that meet the most rigorous Gold Standard® verification criteria. We believe nature-based solutions offer the most scalable opportunity available today to capture carbon and help companies reduce their carbon footprint. Contact us today to learn more: https://lnkd.in/gmpXGe3u

37

1 Comment

It’s #LondonClimateActionWeek next week, here’s a few events you might like to keep your eyes on if you’re interested in the world of Impact, ESG, Sustainability, Investments, Innovation & Leadership: 💷 Get the Money Moving (Monday) Hosted by: Oliver Wyman & CDP Location: The Gherkin Bio: Oliver Wyman and CDP explore solutions to close the UK green investment gap, building on insights from their report based on responses from 1,600 European companies disclosing through CDP Tickets: By application 📈 IEEFA Sustainable Finance 2024 (Monday) Hosted by: Capita Location: Capita, EC2V 7NQ Bio: The Industry for Energy Economics and Financial Analysis gathers financial experts to discuss evolving investment standards and frameworks, aiming to reduce transition risks and safeguard long-term value Tickets: By application 🏙 Reset Connect London (Tues & Weds) Hosted by: Reset Connect Location: ExCel Center Bio: This event gathers industry leaders, investors, and innovators to discuss sustainable business practices and investment opportunities across sectors. Speakers include Stanley Kwong (KKR), Beverley Gower-Jones OBE FEI (Clean Growth Fund), Karen Pflug (IKEA, Ingka Group), Rhian Kelly (National Grid), and more. Ticket Prices: Free visitors; VIP packages available 🌊 Blue Earth Forum (Tues & Weds) Hosted by: Blue Earth Location: Protein Studios, Shoreditch Bio: Features 40+ high-growth businesses seeking funding from over 200+ impact investment funds, PE houses, VCs, and private investors, focusing on 1-2-1 meetings Ticket Prices: By Application 🌍 Climate Investment Summit (Weds) Hosted by: World Climate Foundation, London Stock Exchange and the Climate Investment Coalition Location: London Stock Exchange Bio: A prominent event featuring speakers from World Climate Foundation, London Stock Exchange, and Climate Investment Coalition. Focuses on climate finance, investment strategies, and achieving net-zero and nature-positive goals Ticket Prices: By application 🔋 Powering Past Coal - Solutions Dialogue Event (Weds) Hosted by: Powering Past Coal Alliance (PPCA) and Bloomberg Philanthropies Location: Battersea Power Station Bio: Sessions combining government, business, finance, and civil society leaders to accelerate action on the phase-out of unabated coal power, crucial for limiting global warming to 1.5°C Ticket Prices: Free 🌎 Climate Innovation Forum (Thursday) Hosted by: Institutional Investors Group on Climate Change (IIGCC) and Department of Energy, Security & Net Zero Location: Guildhall, London Bio: This forum features high-level speakers such as Jim Skea (Chair, IPCC) and Chris Skidmore (Chair, Net Zero Review), along with delegates from global financial institutions and sustainability leaders. It focuses on translating COP28 promises into actionable steps with themes including climate finance, policy implementation, and energy transition. Ticket Prices: Various 👉 All events featured here: https://lnkd.in/e7NmiruH

12

1 Comment

On Earth Day there are posts with lots of pretty pictures and pledges. But what should count is recognition of differentiated responsibilty for biodiversity loss; novel ideas to engage with traditional stewards and initiatives to do ecosystem strengthening. What exactly is Taskforce on Nature-related Financial Disclosures (TNFD) doing that is NOT business-as-usual. Are we still tracking corporate disclosures as important actions?

9

📣 Exciting developments in sustainability this week We're thrilled to announce that, in collaboration with key signatories, we’ve unified our support for the European Financial Reporting Advisory’s (EFRAG) new Voluntary Sustainability Reporting Standard for non-listed SMEs. Our collective statement isn’t just a show of support; it includes key recommendations to ensure the standard meets the needs of impact-driven and social economy ecosystems. Check them out here 👉 https://lnkd.in/gjM8PJ-m 🤝 Impact Europe, Global Alliance of Impact Lawyers (GAIL), Legally Said, ImpactCity, Smart Kolektiv, FEBEA - European Federation of Ethical and Alternative Banks and Financiers, Legal Innovation for Sustainable Investments (LISI), Responsible Business Forum, Impact Shakers

21

The #SustainabilityDisclosures landscape is evolving, and global standards are replacing the patchwork of voluntary frameworks that have existed until now. https://ow.ly/izL250S88qt Sue Lloyd #ESG #Sustainability #TRInstitute

3

If 2023 was the year of standard setting, we’re now in the years of implementation as most major economies introduce mandatory disclosure as part of Target 15 of the #BiodiversityPlan. 🌱 Disclosing through CDP is the best way to get prepared. Aligned with major frameworks and standards including the IFRS S2, CDP makes them truly interoperable in one questionnaire. 🔗 Find out more and start the disclosure process today: https://bit.ly/3JYl9qM

21

1 Comment

Putting the 'S' in ESG - Building a Social Licence for Resource Projects - Simon Corrigan Watch The Full Presentation: https://lnkd.in/gwtb_xDw #ESG #corporatewellness

2

The International Financial Reporting Standards (IFRS) Foundation's adoption of the Transition Plan Taskforce (TPT) guidelines marks a key step towards harmonised and credible climate-related disclosures. As we anticipate the UK Sustainability Disclosure Standards (UK SDS) in early 2025, businesses must align their strategies with these evolving standards to demonstrate leadership in the global decarbonisation effort. To read how these developments impact corporate climate reporting, follow the link to our latest insight by Simply Sustainable Consultant, Harry Freeman: https://lnkd.in/eTgbm-VV #IFRS #CSRD #SDS #decarbonisation #climaterelateddisclosures

8

ESG industrial complex heading to developing countries As fees decline in Europe and political battles escalate in the U.S., ESG and sustainability firms are rushing to EMDEs Their collaborators are jumping on board urging officials and business leaders not to be left out. Extraction not even with a new name…. Next time you see an ESG conference in a developing country, check the speakers list to see whether the recently laid off have found this route for income generation. Who is touting ESG standards and disclosures for the developing world.

4

Interested in understanding how your board can adapt to climate risk in 2025? Our latest report, 'The climate challenge for boards: Perspectives from the financial sector', is available to download for free. The report includes extensive research into the growing challenges that boards face in managing climate risk, providing insights into environmental, regulatory, business, litigation and reputational risks. Climate change is a critical concern for organizations across the globe, board directors are tasked with not only protecting their companies but also leading the transition to a sustainable future. Report topics include: 🔷 Unique challenges boards face in overseeing climate risk 🔷 Varying approaches across industries 🔷 Who holds responsibility for climate risk management: CROs or Board Directors? 🔷 Climate risk assessment by jurisdiction You can download the full report here: https://hubs.ly/Q02ZZCQp0 #ClimateRisk #BoardGovernance #RiskManagement #capitalmarkets #ESGreporting

7

Compliments of Wealth of Nations Impact Asset 's event participants' views on #impact #investing: > 69% of those surveyed have assets classified as impact investments. > 65% of those surveyed have less than #1% of total assets in impact investments. > 78% of those surveyed said there is an interest to increasing their allocation to impact over the next 5 years. > 82% said they do not require external advice or consultation for their impact investments, yet 60% said they do not have a dedicated team or resources for managing impact investments, and 78% stated that they have encountered significant challenges in pursuing impact investments. > When looking at where they want to invest in impact 52% highlighted that ‘Local’ was their primary focus for impact investments, where 43% said ‘Global’ https://lnkd.in/gaYvX2UK

2

2 Comments

🌱 Extension of Sustainability Disclosure Rules to Portfolio Management The FCA has launched a new consultation paper (CP24/8) discussing the extension of Sustainability Disclosure Requirements (SDR) to Portfolio Management services. This extension builds on the SDR introduced in the November 2023 PS23/16, mainly targeting Firms that manage investments and private equity or other private market activities firms that provide advice on investments or manage investments on a recurring or ongoing basis for the predominant purpose of investment in unlisted securities. Click the link below to read more: https://lnkd.in/erw6NK5B #sustainability #portfoliomanagement #FCA #SDR #investment #regulation #CP24/8

11

1 Comment

We're delighted to contribute to EFRAG's consultation on the Draft ESRS Set 1 XBRL Taxonomy. We value the opportunity to contribute to shaping the future of digital sustainability reporting through EFRAG's consultation process. We believe this open consultation process will facilitate EFRAG with the right input from market participants and stakeholders. #ESRStaxonomy #SustainabilityReporting #EFRAG

11