Following growing support for global non-financial standards, the International Financial Reporting Standards (IFRS) Foundation has published a consultation paper to formally assess the demand for sustainability standards, and gauge support for the Foundation’s role in developing them. An increasing number
PRA Clarifies Climate Disclosure
PRA Clarifies Climate Disclosure In light of a recent consultation, the UK’s Prudential Regulation Authority (PRA) have issued an updated supervisory statement clarifying climate-related disclosure requirements. Responses to the PRA’s consultation paper, Enhancing Banks’ and Insurers’ Approaches to Managing the
Climate Change Risk Assessment: A Framework for Insurers
Climate Change Risk Assessment: A Framework for Insurers It’s already clear that climate change will present real financial risks to insurers over the coming decades – but how should the sector respond? A cross industry working group set up by
BoE to Disclose Climate Risks in Annual Report
BoE to Disclose Climate Risks in Annual Report The Bank of England (BoE) is leading by example and disclosing its own assessment of how it is managing climate-related financial risk in its 2019/20 annual report. The BoE have been pushing
UK Launches Climate Financial Risk Forum
UK Launches Climate Financial Risk Forum On Friday 8 March the UK’s Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) hosted the first meeting of the Climate Financial Risk Forum (CFRF). With climate change threatening to create financial risks