While our banks are not yet at the point of completing the climate stress test, the interpretation applied by central banks (#TCFD) is quite inadequate in measuring the risks posed by the climate crisis. I also agree #climatestresstest #climatecrisis #NGFS
https://www.energymonitor.ai/finance/risk-management/why-climate-stress-tests-are-not-fit-for-purpose/

Bizim bankalarımız henüz iklim stres testini tamamlama noktasında değilken, merkez bankalarının uyguladığı (#TCFD) iklim krizinin yaratacağı riskleri ölçmekte oldukça yetersiz kalır yorumu. Ben de katılıyorum. #iklimstrestesti #iklimkrizi #NGFS
https://www.energymonitor.ai/finance/risk-management/why-climate-stress-tests-are-not-fit-for-purpose/

2021- saw the “S” in #ESG rise with the #metoomovement #blacklivesmatter 2022- saw the “E” rise with the various reporting regulations being in-forced #greentax #tcfd #issb. 2023- I think it will be “G” that would Rise. Thoughts? #esgs2022 #peopleandplanet #governance #CyberSecurity #dataprotection

2021- saw the “S” in #ESG rise with the #metoomovement #blacklivesmatter 2022- saw the “E” rise with the various reporting regulations being in-forced #greentax #tcfd #issb. 2023- I think it will be “G” that would Rise. Thoughts? #esgs2022 #climatechange

@starbuck All great points, thanks. Although the important report also recommends including #Scope3 emissions and goes beyond #TCFD by excluding 'intensity' metrics, it doesn't headline the importance of delegitimising fossil fuels sufficiently from my reading.. I'm wondering if it would, for example, strengthen #divestment campaigns, or permit delays through 'engagement'.

https://cdn.friendsoftheearth.uk/sites/default/files/downloads/Briefing%20Pension%20Funds'%20engagement%20with%20fossil%20fuel%20companies%20March%202018.pdf

"Mandated disclosures under the new ordinance include reporting on climate-related risks, as well as on the impact of company activities on climate change."

- Mark Segal, EsgToday

#esg #climatedisclosure #tcfd

https://www.esgtoday.com/switzerland-adopts-law-requiring-mandatory-climate-reporting-for-public-companies-banks/

« Times are changing! And fast.
@FSB_TCFD based climate risk reporting is to become mandatory for @PRI signatories from 2020.
What is also needed is a rigid and realistic @IEA scenario that will bring industries Paris compliant. And then fast implementation.
#Climaterisk #TCFD https://twitter.com/RI_News_Alert/status/1097845047117205504 »

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