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Turn Commitments into “Hard Numbers”, says GFANZ’s Carney

Chris Hall

Transition plans should demonstrate alignment with 2030 decarbonisation targets, says UN Climate Envoy. In addition, institutions should have interim decarbonisation targets that are “consistent” with the 2030 target, set by the Intergovernmental Panel on Climate Change , of reducing CO2 emissions by around 45% from 2010 levels.

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Unfinished Business

Chris Hall

Meanwhile, Hong Kong Exchanges and Clearing has outlined plans for mandatory climate risk reporting requirements in line with the ISSB’s climate standard, applying to ESG reports published in 2025. To date, for climate disclosures, issuers have only been required to ‘comply or explain’.