In 2021, at COP 26, the UK Government announced its intention that the UK would become the world’s first net zero aligned financial centre. It also launched the Transition Plan Task Force (“TPT”) with a view to producing a Gold Standard Disclosure Framework for transition plans. Last week, the TPT published its Disclosure Framework and Implementation Guidance. The Disclosure Framework…
TCFD Update Finds Sharp Increase in Company Disclosure of Climate Risks and Opportunities
Companies are providing public disclosure on their climate-related risks and opportunities at a substantially greater rate than even a few years ago, according to the Task Force on Climate-related Financial Disclosures’ (TCFD) 2023 Status Report, although significant room for increased reporting remains, with the vast majority of companies not yet reporting across all TCFD recommendations. The new status report marks…
The perfect storm
The headlines rarely make for comfortable reading whatever your particular interest but for those of us who worry constantly about climate change the latest reports on September’s weather, and July’s, and August’s, is hard to digest. Yet again another set of records for each month. What stood out about Septembers is that the jump is huge. September beat the previous…
Finance for Biodiversity Foundation launches biodiversity-climate guide
The Finance for Biodiversity (FfB) Foundation has published a guide for financial institutions, explaining how financial institutions can manage biodiversity and climate nexus in their investments and lending. The guide, titled Unlocking the biodiversity-climate nexus, which was presented at the European Business and Nature Summit (EBNS) in Milan on the 11-12 October, was written by FfB Foundation’s Impact Assessment working…
Biden Announces $7 Billion Investment to Build National Network of Clean Hydrogen Hubs
The Biden administration announced the selection of seven sites across the U.S., alongside a $7 billion investment, for the establishment of new clean hydrogen hubs, aimed at dramatically scaling up capacity of low-carbon hydrogen production to decarbonize hard-to-abate industries. According to a White House statement, the hubs are anticipated to collectively produce three million metric tons of hydrogen annually, enabling…
Castlefield hires co-manager of sustainable funds
Castlefield has hired a co-manager of its sustainable portfolio funds and platform models. Calum Wells joined the employee-owned financial and investment management business on 3 October to take up the position. In the new role Wells works alongside co-manager Simon Holman on the CFP Castlefield Sustainable Portfolio Growth fund and the CFP Castlefield Sustainable Portfolio Income fund. Wells was most…
Bioenergy’s Complex Role in the Climate Transition
Policy guardrails to balance energy, land and nature competition are essential, says Mark Fulton, Founder of the Inevitable Policy Response. In a world grappling with the urgency of climate change, the role of bioenergy in the climate transition is a topic of growing significance for policy makers and investors. It sits at the nexus of the land and energy systems…