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June 24, 2024 /3BL/ - Franklin Templeton has released its annual CorporateSocialResponsibility (CSR) Report that addresses its approach to responsiblecorporate citizenship and outlines its efforts and accomplishments as it looks toward a better future for clients, shareholders and employees as well as the communities it serves around the world.
Here’s what he had to say: Addressing the Elephant in the Room No sustainability gathering could take place in 2024 without addressing the context of global conflicts, the upcoming U.S. elections and ESG investing and DEI policy debates. These topics set the tone for many Climate Week events.
The SEC subsequently proposed its climate disclosure rule , including attention to physical climate risk and geolocation data, which expected to be released in 2024. Impax AM also partnered with the New York State Common Retirement Fund (NYSCRF) to request S&P 500 companies to report geolocation data points.
It is now squarely a central and strategic risk management issue.” From voluntary to mandatory The recommendations were launched at an event at the New York Stock Exchange as part of New York Climate Week. The TNFD will now encourage and support voluntary market adoption of the recommendations.
Large companies (initially those with more than 3,000 employees and from 2024 those with more than 1,000 employees) will face a fine of up to 2% of their global turnover for violation. How have corporates responded to policy initiatives?
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