Emily A. Chien’s Post

it was great to be in Oxford discussing ESG trends and challenges with this amazing group of professinals. The report of the conference is now out. #ESG

very useful post

New Resources from TPT: The Transition Planning Taskforce is informing future transition plan requirements in the UK as part of the broader Sustainability Disclosure Requirements framework.  In October 2021, the UK Government published the Greening Finance Roadmap, committing to take action to help align UK financial flows with a net zero economy. From December 2021, the FCA introduced climate-related disclosure requirements aligned with the TCFD’s recommendations. Transition plan disclosures are provided for in the Financial Conduct Authority’s (FCA) rules. Listed issuers are required to make TCFD-aligned disclosures on a comply or explain basis. In doing this, issuers are expected to carry out a detailed assessment of the TCFD’s all-sector guidance, which includes that entities should describe their plans for transitioning to a low carbon economy. Similarly, FCA-regulated asset managers and owners are required to make TCFD aligned disclosures and take reasonable steps to ensure these disclosures are consistent with the TCFD’s all-sector guidance. FCA guidance also encourages listed companies, asset managers and asset owners that are headquartered in, or operating in, a country that has made a commitment to a net zero economy to consider the extent to which they have considered that commitment in developing and disclosing their transition plans. This month the TPT released a welath of resources for those committed to this course of action that can be found here: https://lnkd.in/eRcHU_5X Aslo in the coundations section you can find a whole host of addtional resources too... Please feel free to share and comment: Jo Parkin (MCIPS) Seb Butt Pia Pinkawa Sarah R Robbins, MBA Demi Turner (née Smoloktou) Dr Hushneara Begum Chris McCann Adam Elman Journal of Responsible Production and Consumption Journal of Public Procurement Vera Trappmann Kate Hutchinson Rosario Michel-Villarreal Iain Clacher Donal Daly Ingrid De Doncker Diane Crowe Holly Chaplin MCIPS Gareth Williams (CEnv) (MIEMA) Rachel Martin Alicia Dadlani Dominic King Kelly Barner Vaishali Baid Steve Saunders Jo Potts #sustainability #esg #fca #responsibleinvesting

Check out the latest resources from the Transition Planning Taskforce (TPT)

"A Legal Framework for Impact: Facilitating Sustainable Investment" Principles for Responsible Investment (PRI), in collaboration with the UNEP Finance Initiative (UNEP FI) and the Generation Foundation, published the conclusive summary ; "A Legal Framework for Impact". The evolving investment landscape necessitates the integration of Environmental, Social, and Governance (ESG) principles, rendering it obligatory rather than discretionary. This report examines the legal responsibilities of investors to include sustainability outcomes into their decision-making processes, while acknowledging the increasing demand for openness and accountability from beneficiaries and customers. The shift to sustainable finance is important to improving global capital markets. 📌 Key Observations from the Report: - Sustainability as a Financial Obligation: Investors are increasingly required to incorporate sustainability impact objectives into their fiduciary responsibilities. Favorable sustainability results are now regarded as essential for ensuring long-term profitability and mitigating systemic concerns. - Obstacles to Sustainability Objectives: Challenges including ambiguous legislative regulations, insufficient market infrastructure, and the prevalence of short-term financial objectives persist in hindering investors from fully engaging in sustainability results. Enhanced clarity and direction from policymakers are essential to overcome these obstacles. - Policy and Regulatory Reforms: Reforms in significant countries, like the EU’s Sustainable Finance Strategy and the UK Green Finance Strategy, are facilitating the integration of ESG principles in investment practices, thereby assisting investors in effectively navigating the sustainability landscape. - Double Materiality: New disclosure frameworks, such as those from the ISSB and the EU’s Corporate Sustainability Reporting Directive (CSRD), emphasize the necessity of addressing both financial materiality and the actual sustainability effects of investments. - Emphasize Transition Pathways: Corporations and financial entities are required to reveal transition strategies that correspond with net-zero objectives, providing investors with the clarity necessary to evaluate their enduring sustainability potential. This facilitates the attainment of global climate goals. - Impact Investing: The expanding impact investing sector, currently surpassing $1 trillion, demonstrates that deliberate initiatives aimed at generating positive social and environmental outcomes can align with financial rewards. The report concludes with a directive for policymakers and investors to expedite reforms that enable financial markets to tackle sustainability challenges to support beneficial change in society and the environment. #SustainableFinance #ESG #ImpactInvesting #LegalFramework #ResponsibleInvestment #PRI #ClimateAction #NetZero #Stewardship #SustainableEconomy #Sustainability #UNEP Source report below 👇

📝 On 14 November, Rachel Reeves announced a package of reforms designed to position the UK as a global leader in sustainable finance, including a consultation on the value case for a UK Green Taxonomy, draft legislation for regulating ESG ratings providers, and that the government will consult on transition plans in the first half of 2025. Read our latest blog post to learn more about the reforms. ⬇️ #SustainableFinance #ESG #GreenTaxonomy #TransitionFinance 

The UK is set to introduce legislation in 2025 to regulate ESG ratings providers, with the aim of enhancing transparency and reducing investor confusion. This new law will align with international standards, mandating the disclosure of methodologies and conflicts of interest by ratings providers. Led by Finance Minister Rachel Reeves, this initiative is part of the UK's broader strategy to reinforce its leadership in sustainable finance and address concerns regarding the reliability of ESG ratings, which significantly impact sustainability-focused investments. #UKFinance #ESG #SustainableFinance #ESGRatings #Transparency #GlobalStandards #FinanceRegulation #Sustainability #Investment #ESGInvesting https://lnkd.in/dNy9bTP3

The Sustainable Finance Disclosure Regulation (SFDR) was introduced as part of the European Commission’s action plan on financing sustainable growth. Effective from March 10, 2021, SFDR is now a cornerstone of the EU’s sustainable finance framework, alongside Commission Delegated Regulation (EU) 2022/1288 and the EU Taxonomy. SFDR mandates that financial market participants (FMPs) and financial advisors in the EU disclose how environmental, social, and governance (ESG) factors are integrated into the investment process. Read more at: https://lnkd.in/gg8dAMjT #SFDR #ESG #FMP #EU

Delighted to share an article we co-authored with Tom Göricke about the dynamic landscape of EU sustainable finance regulations. As ESG funds continue to shape the market, we explore the main challenges and upcoming reforms that could redefine the industry. ➡ Read the full article #sustainablefinance #investmentfunds

There are several reasons for financial institutions to consider sustainability criteria and risks in their decision-making process. Here are a few of them: 🟢To reduce the negative and maximize the positive environmental impacts of their investments. 🟢To manage their exposure to environmental, social, and governance risks. 🟢To respond to shifting consumer preferences and behavior. Can you list a few more reasons? Tell us below! Learn more👇