Supranationals lack climate transition plans, says top Aviva exec

Sep 26, 2022

“The UK government recently announced mandatory requirements for listed companies and financial institutions to publish transition plans by 2023, while the influential Task Force on Climate-related Financial Disclosures (TCFD) has provided guidance on climate transition plans since October last year.

Accordingly, individual sectors – and the companies within them – are developing their own transition benchmarks and strategies. In the past week alone, the Investor Leadership Network, an initiative representing some $10trn in assets under management (AUM), and Guernsey Finance, an industry and government initiative, published guidelines for achieving net zero emissions. These come after the UK’s Transition Plan Taskforce completed a consultation on a sector-neutral framework for transition plans in July.”

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