[ 👀 Breaking news – Sustainable Finance] What’s new in sustainable finance? Every week, Carbon4 Finance shares the latest headlines in sustainable finance. 🇬🇧 The UK government has launched a consultation to assess the value of implementing a Green Taxonomy, aiming to combat greenwashing and support sustainable finance. This follows extensive work initiated in 2021, but questions remain about its prioritization amid the focus on transition finance initiatives. The consultation seeks input on the taxonomy’s usefulness, its interoperability with global standards, and alternative policies to meet sustainability goals. It also highlights the intention to consult on requiring major companies to disclose under UK Sustainability Reporting Standards aligned with ISSB frameworks, while addressing nuances in classifying activities across transition pathways. 👉🏻 https://lnkd.in/e9vQ52qJ 🌏 The IOSCO report highlights the need for clearer guidance and safeguards for climate transition plans to address liability risks and support transparency. It urges regulators to define what constitutes reasonable forward-looking information, helping preparers avoid legal issues tied to estimates and projections. IOSCO supports global standards, focusing on five key components: target-setting, decarbonization actions, governance, resource allocation, and financial implications. It also backs IFRS and ISSB efforts to develop disclosure frameworks and educational materials. Strengthening sustainability assurance frameworks is recommended to enhance credibility and address greenwashing concerns. 👉🏼 https://lnkd.in/d8DMr2gN Find out more about Carbon4 Finance’s role in helping financial institutions in their sustainable decision-making process with climate and biodiversity data. https://lnkd.in/eg8q6gUU.
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