Krystle Higgins

The proposals come in response to strong demand from investors who have complained that companies often fail to back up climate-related statements

The report outlines the Investment Association's plans to galvanise effective policymaking to accelerate the transition to a low-carbon and climate-resilient economy.

The guide has been developed in alignment with key initiatives on nature and climate change, including the TNFD, SBTN, and UNEP FI

Embedding carbon removal budgets into decision-making is necessary for an effective response to climate change

The Financial Conduct Authority (FCA) has included Carbon Tracker and ClientEarths' proposal for an 'atmospheric viability test' on fossil fuel reserves.

Chancellor Rachel Reeves said that the Financial Conduct Authority (FCA) will set the rules of the new regime which will mirror EU and international systems

Other major players to have departed the collaborative investor engagement initiative this year include Invesco, JPMAM and SSGA

How a company exerts broader influence on climate action should be reported in a different track to that for emission reduction efforts within its value chain

Investor group statement comes a year after the group urged the Institutional Shareholder Services (ISS) to step up on climate proxy voting advice.

Swedbank Robur Fonder AB, BVK, P+ and Velliv are among the 26 institutions signing a statement issued by the World Benchmarking Alliance