Over 4% of Global GDP at Risk from Climate Change by 2050, S&P Warns
According to a new study released by S&P Global Ratings, more than 4% of GDP could be lost annually due to the physical impact of climate change, if temperature increase exceeds 2°C, with developing nations significantly more exposed and less prepared,
FCA releases Sustainability Disclosure Requirements
UK regulator the Financial Conduct Authority (FCA) has made changes in its final policy statement for its long-awaited Sustainability Disclosure Requirements (SDR). Some of which are, a fourth investment label, scrapping of the requirement firms outline a causal link between stewardship activities and asset improvements, and a new implementation timeline. The policy paper sets out the regulator’s final package of measures, the first of which will come into force on 31 May next year.