. Until the pandemic hit, TCFD was mostly a lofty aspiration for leading-edge companies. The voluntary initiative was also the antithesis of top-down regulation in the style of America's Dodd-Frank regulation or the EU’s sustainable finance taxonomy.
Now, while Mark Carney argues “we’ve made huge progress with the TCFD,” he agrees with Thallinger that it's time to move on to mandatory disclosure. Others argue regardless of whether it is voluntary or mandatory, a standard like TCFD is now insufficient. Brian Deese, global head of Sustainable Investing at BlackRock , says TCFD is not enough to fully price climate risks. More is needed for climate factors to become "the core of the financial system,” he said.first TCFD report“It’s not as prescribed . It’s much more qualitative and focused on the specific risks to the company’s long-term sustainability,” she said.
Sasfai’s TCFD journey is also a tale of caution that real-life progress can move slower than the rhetoric at the Petersberg Dialogue. “I called each of our top 50 investors to talk to them about the framework and whether it would work for us,” Sasfai told POLITICO, adding that “putting the TCFD report together required a lot of cross-functional cooperation.” It was worth it, she said: “It’s allowed us to pivot in a lot of different ways.
Hitch wants to solve the problem of the sticky and inconvenient used coffee container, and also those cups going to landfill, by incorporating your coffee cup into a water bottle. Hitch raised more than $95,000 this week onJytte Guteland, the European Parliament’s lead lawmaker on the EU's climate plans, wants to raise the bloc's 2030 emissions reduction goal to 65 percent, she told POLITICO this week.
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