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29th November 2023 News

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,
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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.
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ESG Chronicle Team