ISSB

OSFI Issues New Guideline on Climate Risk Management

Retrieved on: 
Tuesday, March 7, 2023
Chapter Two, Materiality, Climate change, International Sustainability Standards Board, Risk, Disclosure, Superintendent, Financial institution, Task Force on Climate Related Financial Disclosures, OSFI, ISSB, Guideline, Safety, Cryptocurrency, Medical device, Tax advisor

Today, the Office of the Superintendent of Financial Institutions (OSFI) published Guideline B-15: Climate Risk Management , which sets out OSFI's expectations for the management of climate-related risks.

Key Points: 
  • Today, the Office of the Superintendent of Financial Institutions (OSFI) published Guideline B-15: Climate Risk Management , which sets out OSFI's expectations for the management of climate-related risks.
  • The Guideline is OSFI's first prudential framework that is climate sensitive and recognizes the impact of climate change on managing risk in Canada's financial system.
  • Releasing final Guideline B-15 was included as a guidance priority in OSFI's Annual Risk Outlook for 2022-2023.
  • OSFI will continue to engage stakeholders in our climate risk management work by launching the Climate Risk Forum later this spring.

Kloopify Launches Climate Action Platform After Raising $1.5 Million Seed Funding

Retrieved on: 
Tuesday, February 14, 2023
City, NW Innovation Works, ReNew Power, Urban Redevelopment Authority of Pittsburgh, Carbon, CO2, Disclosure, Unity, ISSB, Black, Climate, URA, Cryptocurrency, Renewable energy

PITTSBURGH, Feb. 14, 2023 /PRNewswire-PRWeb/ -- Kloopify, the only climate action platform for the commodities companies buy, announced a $1.5 million seed funding round led by Black Tech Nation Ventures, a Pittsburgh-based venture capital fund aimed at funding tech start-ups founded by Black and diverse entrepreneurs. This capital will further Kloopify's mission of accelerating revenue growth for businesses making the transition to environmentally sustainable purchasing decisions. Also participating in the round are Innovation Works, Hypothesis, The Fund Midwest, The Unity Now Fund and The Urban Redevelopment Authority (URA).

Key Points: 
  • PITTSBURGH, Feb. 14, 2023 /PRNewswire-PRWeb/ -- Kloopify , the only climate action platform for the commodities companies buy, announced a $1.5 million seed funding round led by Black Tech Nation Ventures , a Pittsburgh-based venture capital fund aimed at funding tech start-ups founded by Black and diverse entrepreneurs.
  • In a pilot for the City of Pittsburgh, Kloopify ingested data from $71 million in purchases across 1,419 suppliers.
  • Kloopify is the leading solution that provides purchasing professionals with automated, near-time data into the climate impact of the commodities they buy.
  • Today, Kloopify is the strongest solution providing near-time visibility into the emissions associated with procurement and turning sustainability goals into action," said Kelauni Jasmyn, general partner, Black Tech Nation Ventures and Kloopify board member.

Datamaran renews agreement with IFRS Foundation for use of strategic infrastructure software

Retrieved on: 
Tuesday, February 14, 2023
ISSB, ESG, Risk, Map, International Sustainability Standards Board

LONDON and NEW YORK, Feb. 14, 2023 /PRNewswire/ -- Datamaran has signed a two-year deal for the IFRS Foundation to use its strategic ESG infrastructure software.

Key Points: 
  • LONDON and NEW YORK, Feb. 14, 2023 /PRNewswire/ -- Datamaran has signed a two-year deal for the IFRS Foundation to use its strategic ESG infrastructure software.
  • Since 2019, Datamaran has integrated the SASB Standards, which are now maintained and enhanced by the IFRS Foundation's International Sustainability Standards Board (ISSB).
  • "We are pleased to renew our agreement with Datamaran and for Datamaran's support of the IFRS Foundation's work, including their sponsorship of our inaugural IFRS Sustainability Symposium," says Nicolai Lundy, Chief of Market Relationships, IFRS Foundation.
  • With this information Datamaran creates the ESG infrastructure for business leaders to use ESG as a strategic tool rather than compliance.

The Tipping Point Fund on Impact Investing (TPF) Awards $3.2 Million in Grants to 16 Organizations Working to Improve Data, Metrics and Measurement

Retrieved on: 
Tuesday, January 24, 2023
Benchmark, Private, Icebreaker, Social entrepreneurship, Sustainable Development Goals, Duke University, WBA, XBRL International, Scorecard, MFI, Oxfam, Investment, CDP, TPF, ESG, Benchmarking, Index, DEI, IEN, Disclosure, ISSB, Private sector, EFRAG, CASE, Collection, ETF, ABC, FSB, Omidyar Network, Digitization, EIB, Growth, Social, SPI, Universal, ANDE, Capitalism, Organization, Anti-racism, Senior, Global North and Global South, Renewable energy, Management, Risk management, Cerise

NEW YORK, Jan. 24, 2023 /PRNewswire/ -- The Tipping Point Fund on Impact Investing (TPF), a donor collaborative committed to creating and supporting public goods that are critical to the continued growth and fidelity of the impact investing market, today announced that it will award approximately $3.2 million in grants to a diverse cohort of 16 organizations. These organizations are working on a range of projects related to improving best practices for impact metrics and measurement and advancing the data infrastructure that is needed to scale the impact investing field with integrity.

Key Points: 
  • These organizations are working on a range of projects related to improving best practices for impact metrics and measurement and advancing the data infrastructure that is needed to scale the impact investing field with integrity.
  • "High-quality data and metrics are the foundation of well-functioning, efficient, and transparent capital markets," said Fran Seegull, Executive Director of the TPF and President of the U.S. Impact Investing Alliance.
  • "As impact investing continues to grow in scope and scale, so too must the tools and frameworks used to assess impacts across a range of environmental, social, and economic factors."
  • Icebreaker One – Icebreaker One will develop and improve the data infrastructure and practices for sharing impact investment data.

Only about a third of Canadian companies report on biodiversity loss: KPMG Sustainability Report

Retrieved on: 
Monday, December 19, 2022
Acceleration, Organization, LLP, Language, Health, International, Partnership, KPMG, Assurance, Biodiversity, ISSB, Nature, International Sustainability Alliance, Carbon, Auditing and Assurance Standards Board, Biodiversity loss, Integrity, ESG, KPMG LLP, Lithium, Mining, Agriculture, Renewable energy, Audit, Accounting, Courage

This is a stark contrast to the nearly three quarters (72 per cent) that report against their carbon reduction targets.

Key Points: 
  • This is a stark contrast to the nearly three quarters (72 per cent) that report against their carbon reduction targets.
  • "With nearly two-thirds of Canadian companies not yet disclosing how their operations impact nature, biodiversity and natural capital preservation is the rapidly emerging next frontier for climate disclosures," says Katie Dunphy, partner in the ESG practice at KPMG in Canada.
  • "How companies report ESG information externally is critical to understanding their overall performance," says Farah Bundeali, a partner in Audit and Assurance at KPMG in Canada.
  • For more trends on corporate sustainability reporting, see the full 2022 KPMG sustainability report - Canadian Addendum .

KPMG delivers strong global revenues, reporting 14% growth in FY22

Retrieved on: 
Tuesday, December 13, 2022
Consulting, Professional Services, Finance, Culture, Private law, ISSB, Automation, Growth, Data science, Audit, Learning, Data visualization, ESG, US, Woman, KPMG, Investment, Policy, Microsoft, Chief digital officer, Advisory, Transaction, Azure, IDE, International Sustainability Alliance, Organization, Renewable energy, Risk management, Accounting

Advisory achieved the largest growth increase up 19% on FY21 across KPMG firms globally.

Key Points: 
  • Advisory achieved the largest growth increase up 19% on FY21 across KPMG firms globally.
  • Few organizations have the expertise and global reach that KPMG has, and were at our best when we work together to inspire confidence and empower change.
  • The KPMG global organizations worldwide headcount continues to grow, increasing by 12.4% in FY22, bolstered by more than 29,000 net new roles created.
  • KPMG is the brand under which the member firms of KPMG International Limited (KPMG International) operate and provide professional services.

ICSWG-US Votes to Support the ESG Integrated Disclosure Project

Retrieved on: 
Monday, December 12, 2022
Professional Services, Environment, Sustainability, Finance, Asset Management, Consulting, Loan Syndications and Trading Association, ISSB, ESG, Sustainability Accounting Standards Board, LSTA, Disclosure, Consultant, Government, EDCI

The Investment Consultants Sustainability Working Group - United States (ICSWG-US) announced today that the groups steering committee has voted to support the ESG Integrated Disclosure Project (ESG IDP) with the objective of improving prospective credit borrowers data disclosure and reporting on standardized, decision-useful, environmental, sustainability and governance (ESG) metrics.

Key Points: 
  • The Investment Consultants Sustainability Working Group - United States (ICSWG-US) announced today that the groups steering committee has voted to support the ESG Integrated Disclosure Project (ESG IDP) with the objective of improving prospective credit borrowers data disclosure and reporting on standardized, decision-useful, environmental, sustainability and governance (ESG) metrics.
  • In November 2022, the ESG IDP launched a harmonizing ESG reporting tool for credit markets.
  • The template is intended to support investor needs for more quantitative and more comparable, decision-useful data, in the absence of government regulated disclosure.
  • As investment consultants, we support having a widely agreed upon template that can help harmonize ESG reporting for credit markets.

Think tanks call for innovation in responsible sourcing of minerals and metals across Africa, Western and Central Asia

Retrieved on: 
Monday, December 12, 2022
Mineral, Mining, ISSB, ESG, DPI, COP26, FMF, Government, International Sustainable Development Studies Institute, Organization, Renewable energy, Weapon, Kingdom

RIYADH, Saudi Arabia, Dec. 12, 2022 /PRNewswire/ -- Ahead of the 2023 and second edition of the Future Minerals Forum (FMF), scheduled to take place between January 10th and the 12th, in Riyadh, the Development Partner Institute and Clareo are calling on  the industry to maximise and fully develop close collaboration with stakeholders. The joint paper emphasises the need for standardized environmental, social and governance (ESG) principles to address critical concerns, not least the reduction of  greenhouse gas emissions, and the drive towards creating a fossil-fuel-free economy.

Key Points: 
  • Future Minerals Forum (FMF) partners, the Development Partner Institute (DPI) and Clareo, are jointly issuing a cogent new paper focused on the importance of responsibly sourcing minerals.
  • They call for a multi-stakeholder, multi-sector approach, and stress the role Saudi Arabia and the wider region covering Africa and Western and Central Asia could and must play in spearheading innovation.
  • The organizations urge the mining industry to embrace a universal but flexible approach, adopting international standards while still taking local factors into account.
  • DPI and Clareo point to the role that Saudi Arabia can now play in supporting the creation of a universally adopted set of principles that support the adequate, affordable, secure and responsible sourcing of minerals.

Think tanks call for innovation in responsible sourcing of minerals and metals across Africa, Western and Central Asia

Retrieved on: 
Monday, December 12, 2022
Mineral, Mining, ISSB, ESG, DPI, COP26, FMF, Government, Multimedia, Centre for International Sustainable Development Law, Organization, Renewable energy, Weapon, Kingdom

RIYADH, Saudi Arabia, Dec. 12, 2022 /PRNewswire/ -- Ahead of the 2023 and second edition of the Future Minerals Forum (FMF), scheduled to take place between January 10th and the 12th, in Riyadh, the Development Partner Institute and Clareo are calling on  the industry to maximise and fully develop close collaboration with stakeholders. The joint paper emphasises the need for standardized environmental, social and governance (ESG) principles to address critical concerns, not least the reduction of  greenhouse gas emissions, and the drive towards creating a fossil-fuel-free economy.

Key Points: 
  • Future Minerals Forum (FMF) partners, the Development Partner Institute (DPI) and Clareo, are jointly issuing a cogent new paper focused on the importance of responsibly sourcing minerals.
  • They call for a multi-stakeholder, multi-sector approach, and stress the role Saudi Arabia and the wider region covering Africa and Western and Central Asia could and must play in spearheading innovation.
  • The organizations urge the mining industry to embrace a universal but flexible approach, adopting international standards while still taking local factors into account.
  • They identified three specific areas in which Saudi Arabia is poised to make the biggest impact.

SEC's Emily Pierce Joins Persefoni as Associate General Counsel and VP of Global Regulatory Climate Disclosure

Retrieved on: 
Tuesday, December 6, 2022
School, Trust, Pierce, Government, Martha Plimpton, ISSB, Jurisdiction, Jordan Securities Commission, ESG, University of Pittsburgh Graduate School of Public and International Affairs, International Organization (journal), Climate, Assistant, Disclosure, Monetary Authority of Singapore, Commission, International Organization of Securities Commissions, International Sustainability Alliance, Multimedia, CMAP, Money, Temperature, Yale Law School, Princeton University, Private practice, Carbon, Associate, Financial adviser, Renewable energy, Online shopping, IOSCO

She is formerly the Assistant Director in the Office of International Affairs at the U.S. Securities and Exchange Commission (SEC), where she was responsible for engaging on international regulatory issues

Key Points: 
  • She is formerly the Assistant Director in the Office of International Affairs at the U.S. Securities and Exchange Commission (SEC), where she was responsible for engaging on international regulatory issues
    TEMPE, Ariz., Dec. 6, 2022 /PRNewswire/ -- Persefoni, a global leader in climate data disclosure and management, today announces that Emily Pierce has joined the company as Associate General Counsel and VP of Global Regulatory Climate Disclosure.
  • Emily Pierce will support Persefoni to respond to rapidly evolving global climate disclosure regulations.
  • Pierce joins Persefoni from the U.S. SEC, where she served as Assistant Director in the Office of International Affairs.
  • "Emily joins us during what continues to be a defining period globally for climate and sustainability transparency and disclosure," said Kentaro Kawamori, CEO & Co-Founder of Persefoni.