Regulation
SEC Finalizes Climate Disclosure Rule, Omitting Scope 3
The rule has a staggered compliance calendar for different issuers.
Only 24% of investors say existing tools are adequate for assessing climate risk impacts.
The bank’s second climate stress test showed ‘there is a clear need for speed’ to meet the goals of the Paris agreement.
Hazards are already apparent for many institutional investors in infra funds, says French business school EDHEC.
The $315.6 billion pension giant expects portfolio companies to disclose Scope 1 and 2 emissions, at a minimum.
The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.