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Directors' liability and climate risk: White paper on India
This paper explores the legal obligations of directors in addressing climate risk and mitigating their environmental impact. This report studies the duties of directors in relation to trust and loyalty, competence, disclosure, and their application in the context of climate risk, according to existing company and securities laws in India.
Raising the bar: A baseline review of finance sector action on deforestation
The report provides a baseline review of 557 financial institutions' actions on deforestation, revealing that only a few are addressing commodity-driven deforestation and associated human rights abuses. Despite COP26 commitments, most lack comprehensive policies. Financial institutions must take urgent, concrete steps to eliminate deforestation and meet global climate targets.
An enhanced assessment of risks impacting the energy system
This report assesses the risks impacting the energy system. It explores the challenges, uncertainties, and opportunities organizations face in the near-term and long-term. The Dynamic Risk Assessment methodology is designed to incorporate future trends and their potential downstream exposures into risk management processes.
New legal opinion cautions Indian company directors to take climate change seriously or risk personal liability
This paper provides guidance to company directors in India regarding their obligations to consider climate change-related risks in the discharge of their duties under Indian law. It argues that directors' duties extend beyond shareholders to the community on matters concerning the environment, and that litigation risks to companies are increasing as a result of climate change.
Beyond diversity: Equity and inclusion as an overlooked opportunity for investors
This report argues that equity and inclusion, rather than diversity alone, are key drivers of business performance. It outlines organisational practices and leadership behaviours that foster inclusion, enabling diverse talent to contribute fully. Investors are encouraged to prioritise structural inclusion metrics over representational data for meaningful performance insights.
Climate endgame: Exploring catastrophic climate change scenarios
This report explores the potential for worldwide societal collapse and human extinction due to anthropogenic climate change. It argues that this topic has not been given enough consideration despite existing evidence of catastrophic outcomes. The proposed research agenda seeks to understand the likelihood and mechanisms of such events and their implications for policy.
Social tipping dynamics for stabilizing Earth’s climate by 2050
This report identifies the key actors capable of rapidly decarbonising industry, society, and economy, suggesting six social tipping elements to stabilise Earth's climate by 2050. The research provides social tipping elements candidates with their associated social tipping interventions and estimated time for triggering tipping.
Guidance and case studies for ESG integration: Equities and fixed income
The CFA Institute and Principles for Responsible Investment commissioned a survey on ESG integration, revealing that 56% of investors integrate governance into their equity analysis. Analysts may engage in ESG in fixed-income analysis to evaluate the risks and value of assets. ESG issues help investors arrive at estimates of fair stock value.
A4S essential guide to incentivizing action along the value chain
This is a practical guide for finance teams to collaborate with their value chains and promote sustainability. The guide delves into mapping the value chain, prioritising areas of action, incentivising action, and provides useful tips, resources, and a checklist.
Central banking and supervision in the biosphere: An agenda for action on biodiversity loss, financial risk and system stability
This report explores the role central banks and financial regulators can play to mitigate biodiversity loss risks. The report establishes that biodiversity loss poses a financial risk to the economy and makes recommendations for action.
The biomass blind spot
This report highlights the financial and reputational risks associated with the biomass power sector's impact on climate change. The report provides recommendations for investors and banks engaged with the sector, including not providing financial support for new biomass power infrastructure.
A pilot study on systems thinking in asset management
This pilot study analyses systems thinking in sustainable finance from a multidimensional perspective, highlighting six key dimensions for investment and asset management to consider. The study reveals the challenges of applying such approaches in finance while emphasising the importance of understanding sustainability impacts on all levels.
Asset-level data and the energy transition: Findings from ET risk work package 2
This report demonstrates the potential of asset-level data to manage risks and opportunities arising from the transition to a net-zero emissions economy. The authors develop a demonstrator database of assets across six carbon-intensive industries, calculating cumulative committed carbon emissions (CCCE) and potential reductions (RCCCE) through retrofits.
Leaders or laggards? Tax and revenue transparency of ASX listed mining, gas and oil companies
This report investigates the tax and revenue transparency disclosure policies of 20 ASX listed mining, gas and oil companies. It examines indicators deemed as "best practices" for conformity to standards, such as country-by-country reporting, mandatory disclosure legislation and The Extractive Industries Transparency Initiative. Recommendations are to move towards mandatory regulation and better disclosure.
Tobacco free portfolios: The toolkit 12th edition
This toolkit offers a framework for finance professionals to invest in tobacco-free portfolios. The toolkit covers various areas including the Tobacco-Free Finance Pledge, prospective investment risks and case studies, with a call to action for the industry to follow.
Right direction, wrong equipment: Why transition risks do not fit into regulatory stress tests
The authors of this report explore the challenges of integrating climate-related risks into regulatory stress tests. They demonstrate that supervisory risk assessment frameworks struggle to capture long-term systemic risks, and offer recommendations for developing a 'long-term risk;' supervision 'infrastructure.'