COP26 gets the royal treatment
The Pope, the Queen of England, President Biden, and Greta Thunberg walk into a room. This is not the setup to a bad joke…it’s the reality of the upcoming climate talks. In case anyone missed the gravity of the upcoming COP meeting in Scotland, this week the Queen of England and the Pope backed the negotiations. Pope Francis and other religious leaders made a joint appeal for concrete solutions to save the planet from "an unprecedented ecological crisis." 95-year-old Queen Elizabeth, announced she would join 120 heads of state to emphasize the importance of the negotiations to address what UN Secretary General Antonio Guterres declared a “code red for humanity.”
As we anticipate the outcomes of the talks, companies and investors are not waiting. More than 50% of the Global S&P 1200 companies now disclose their sustainability information using the Sustainability Accounting Standards Board (SASB) standards. Similarly, 30% of the companies listed on the London-based FTSE 100 are already reporting climate change risk in accordance with the framework from the “Task Force for Climate Related Financial Disclosures (TCFD).” And, a recent survey of 104 international asset managers found 76% consider climate-related risks and opportunities, and almost 30% are reporting against the Task Force on Climate Related Disclosures (TCFD).
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