Investors press fast food giants to 'urgently' improve supply chain sustainability
A coalition of investment firms with more than $6.5trn in assets under management have called on six of the world's largest fast food companies to take more ambitious action to tackle the climate and water risks within their supply chains, as a "matter of urgency".
Survey: Two-thirds of UK businesses will include climate risks in this year's financial reports
Two-thirds of the UK's largest 100 companies are planning to incorporate climate risks in their annual financial or combined report this year as client, investor and customer demand for transparency on sustainability issues grow.
Fujifilm to adopt TCFD recommendations
Multinational photography and printing firm Fujifilm has pledged to report on its sustainability progress in line with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and is encouraging other corporates to follow suit.
Will 2019 be the year of climate-risk reporting?
The next 12 months will see a steep rise in the number of companies embedding climate-related data and disclosure into core business models, according to ING's global head of sustainability.
Shell to pay executives in line with decarbonisation achievements
Oil and gas giant Royal Dutch Shell has today (3 December) pledged to link progress made towards its carbon reduction aims to the amount of pay awarded to members of its executive board, in a move to engage senior stakeholders with sustainability.
CDSB: European corporates failing to track climate change impacts
Less than half (44%) of European corporates are currently tracking how climate challenges will affect their business models in the future or disclosing the full extent of their environmental impacts.
How does the Task Force on Climate-Related Financial Disclosures impact the SDGs?
The Task Force on Climate-Related Financial Disclosures, or TCFD, is all about climate change. Or is it? Carolina Karlstrom, independent action researcher and sustainability expert, takes a closer look at the financial disclosure initiative and identifies how its impact on the Sustainable Development Goals (SDGs) is wider than you might think.
Corporates 'set to lose $1.6trn' without action on natural capital
FTSE100 firms face collectively losing $1.6trn of market capital if they fail to adopt a natural capital approach to decision-making, by assigning a monetary value to natural resources.
Report: Oil and gas industry failing to invest in low-carbon projects
Global oil and gas firms have collectively invested just 1.3% of their combined capital expenditure (CAPEX) into low-carbon technologies and projects since the start of 2018, new research from CDP has concluded.
Corporate reporting bodies launch project championing TCFD alignment
A coalition of corporate reporting bodies including CDP and the Global Reporting Initiative (GRI) has launched a new scheme aimed at unifying the business community's approach to sustainability reporting.
Report: Just 5% of UK pension funds possess a climate change policy
Just 5% of the UK's largest pension fund managers have a specific policy on climate change in place, despite almost three-quarters (74%) claiming to acknowledge the risks that climate challenges pose to the finance sector.
Government snubs MPs' calls for mandatory climate-risk reporting
Ministers have rejected recommendations from MPs to introduce mandatory climate-related financial disclosures for large firms and asset owners.
Clean Growth Fund spearheads Government's green finance commitments
As part of Green GB Week, the UK Government has announced a new £40m venture capital fund to help bring innovative clean technologies to market.
Global investors call on pension funds to address climate-related risks
A group of 161 investment firms with more than €21trn in collective assets under management have called on pension fund managers to factor climate-related risks into their planning processes.
IPCC 1.5C report: How can business drive the creation of a carbon-neutral world?
The UN's Intergovernmental Panel on Climate Change (IPCC) is celebrating its 30th birthday this year, and has done so by releasing a landmark report that acknowledges the severity of the challenge at hand. But how can business stop being part of the problem, and co-create the necessary solutions?
Climate disclosure enters 'mainstream', but better reporting required, warns TCFD
More than 500 companies have expressed support for the Task Force on Climate-related Financial Disclosures' (TCFD) recommendations. However, many businesses are failing to translate climate impacts into business risk.
FTSE 100 firms step up efforts to manage climate change risks
A new report has highlighted a positive trend among FTSE 100 companies taking action to manage the risks and opportunities of climate change over the past 12 months.
TCFD, SDGs and pop-up squads: What the future holds for sustainability reporting
Sustainability and corporate responsibility managers from a range of businesses recently gathered in London for an exclusive roundtable hosted by edie and reporting and assurance firm DNV GL to discuss how new standards, systems and stakeholder demands are together revolutionising sustainability reporting.
Fresh warnings over lack of climate action across finance sector
The reinsurance and pension fund sectors are failing to progress the finance sector towards key climate goals by continuing to invest in coal projects over low-carbon alternatives, two reports have claimed.
How the TCFD recommendations are reshaping Moody's CSR efforts
EXCLUSIVE: Moody's Corporation's global head of CSR Arlene Isaacs-Lowe believes that adopting the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) has enabled the company to become green finance "standard-setters" and champion the benefits of transparency to the wider industry.
Finance firms 'slowest' TCFD signatories to report climate impacts
Financial services firms that have committed to the Task Force on Climate-related Financial Disclosures’ (TCFD) recommendations tend to be less transparent in disclosing their climate impacts than TCFD signatories from other industries, a new study has revealed.
edie at 20: How did sustainability become so business-critical?
edie's 20th anniversary as a sustainable business media brand is an ideal opportunity to remind ourselves of the past two decades of corporate sustainability, which have seen it evolve from an environmental add-on to a fundamental aspect of growth.
What's the business case for climate science?
Let's be honest, the transition to a low carbon economy is going to require some difficult and far-reaching change from most companies and sectors. But emerging leadership from the corporate world is showing that remodelling business strategies around climate science is already driving innovation, growth and other business benefits.
Environmental verification: less mechanical, more collaborative
With the simultaneous advent of the Task Force on Climate-related Financial Disclosures (TCFD) and the EU Non-Financial Reporting Directive (EU NFR) over the course of the last 18 months, environmental reporting is being driven into the limelight in boardrooms in a manner it has seldom seen before.