It is bittersweet to learn that the Task-force on Climate-related Financial Disclosures (TCFD), created by the Financial Stability Board in December 2015 in the wake of the Paris Agreement of COP 21, will be disbanded.
The European Securities and Markets Authority (ESMA) has issued a Public Statement on sustainability disclosures expected to be included in prospectuses, with the intention to promote coordinated action by national securities regulators across the EU regarding the sustainability-related disclosures that should be included in prospectuses.