Mandatory reporting is fairly mild, as regulatory requirements go. The question is whether anyone will act on the information. Question for discussion: who will be the winners, and who will be the losers, in a context in which government requires the reporting of information that some investment funds already track and report? >>>
Pension funds, insurance companies and other institutional investors in France will be required to disclose how they are managing climate change risks. The announcement was made by France’s finance minister Michel Sapin at the Climate Finance Day conference in Paris on 22 May.
France is the first country in the world to introduce a carbon reporting obligation on financial institutions. It could pave the way for other countries with well-developed responsible investment movements such as Sweden to follow suit…..
What do you think?