The World Resources Institute has found many “blind spots” in its assessment of the physical climate risk reporting guidance provided by six disclosure initiatives, including the EU Non-Financial Reporting Directive (NFRD) and the Task Force on Climate-Related Financial Disclosures (TCFD).
The taskforce, launched by His Royal Highness The Prince of Wales’ Sustainable Markets Initiative (SMI), will be chaired by Noel Quinn, group chief executive of HSBC and has members from leading banks, who will focus on sustainable transition challenges ahead of the COP 26 in November 2021.

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