Preparers of company accounts and reports lack ‘standardised metrics and targets’, according to the TCFD“Respondents that identify as users, on the other hand, ask for more clarity on the financial impact of climate-related issues on companies, which would help to make the disclosures more decision-useful.“Overall, more companies beyond the ones that have traditionally been engaged on climate-related issues need to start their disclosure journey.”The TCFD tends to distinguish between “preparers” and “users” rather than companies and investors; banks and insurance writers can also be users of company reports, for example.Progress ‘must accelerate’Michael Bloomberg, chair of the TCFD, said the growth in the number of companies adhering to its guidelines was encouraging, but progress needed to be accelerated “to keep people out of harm’s way and build a more resilient global economy”.“Today’s disclosures remain far from the scale the markets need to channel investment to sustainable and resilient solutions, opportunities, and business models,” he wrote in a letter to the chair of the FSB.“I believe in the power of transparency to spur action on climate change through market forces.”Publication of the TCFD’s second “status report” comes as the European Commission is expected to release guidelines this month for climate-related reporting by companies falling under the scope of the Non-Financial Reporting Directive.The Network for Greening the Financial System, a group including influential central banks and financial supervisors, recently said action from policymakers or supervisory authorities was needed to accelerate disclosure of climate-related information, with the TCFD recommendations “an obvious avenue of convergence” for a global standardised framework.The Task Force will deliver another status report to the FSB in September 2020. Stacy Coleman, a member of the TCFD secretariat and lead author of 2019 report, said the group had not had time to “nail down” what its focus would be, but that there was broad agreement it needed to help companies with regard to scenario analysis.Two major corporate reporting standard setters recently produced a guide to help bridge the TCFD “implementation gap”. However, the TCFD said that, despite an encouraging commitment to implement the recommendations, “actual disclosures still face challenges”.“Most notably the preparers surveyed find disclosing scenario analysis assumptions difficult and lack standardised metrics and targets,” it said. Strong support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) has not yet translated into a satisfactory state-of-play as regards actual disclosures, according to a stocktaking exercise by the industry-led group.Using artificial intelligence (AI) technology, the Task Force – an industry-led body set up by the Financial Stability Board (FSB) in 2015 – reviewed financial filings and various other reports prepared by more than 1,000 large companies in multiple sectors and regions over a three-year period.It also surveyed companies about their efforts to implement the TCFD recommendations, and polled users about the usefulness for decision-making of the information companies did make available.The AI-based review found that more companies were disclosing information aligned with at least one of the Task Force’s recommendations, and that the average number of recommended disclosures being made available per company had also increased.
Published on November 2, 2019 at 9:28 pm Syracuse (3-6, 0-5 Atlantic Coast) entered Saturday’s game looking for its first conference win of the season, and despite a promising start, Boston College (4-5, 3-3) ran all over the Orange in the second quarter, scoring 34 points and blowing the game open. The Orange allowed 496 rushing yards on Saturday.Our beat writers discuss the Orange’s season-defining loss: Facebook Twitter Google+ Comments
This year’s UEFA Champions League schedule, which was interrupted in March when the COVID-19 pandemic shut down live sports, resumes this month with a completely new look.Not only is the Champions League schedule for the quarterfinal and semifinal rounds condensed into a straight knockout tournament featuring single-leg fixtures, but Champions League games are being shown on a different TV channel then they were in the spring — assuming the match you want to watch is even on TV. MORE: Watch select Champions League games on fuboTV (7-day trial)CBS, which is taking over Champions League broadcasts in the United States a year ahead of schedule after Turner Sports backed out of its deal to show the rest of the 2019-20 season, is showing all Champions League action this month on CBS All Access, the network’s online streaming service.Only three games on the Champions League schedule, a couple Round of 16 matches and the Final on Aug. 23, will broadcast on live TV via CBS Sports Network.Below is the complete Champions League TV schedule as the tournament to crown a 2019-20 European champion continues, plus how to watch all Champions League games in the United States.Champions League TV scheduleThe coronavirus shut down live sports on the same day (March 11) that Paris Saint-Germain beat Dortmund and Atlético Madrid topped Liverpool to advance to the Champions League quarterfinals. That left four Round of 16 games left on the schedule.The Champions League recently determined all four remaining Round of 16 matches could play out at their originally scheduled locations before the tournament heads to Lisbon, Portugal, the neutral site for all semifinal and quarterfinal matches as well as the Final.All Champions League matches are scheduled to start at 3 p.m. ET. Below is the complete Champions League schedule from what’s left of the Round of 16 through the Final at the end of the month.Friday, Aug. 7Round of 16 second legMatchTimeTV channelLive streamJuventus vs. Lyon (1st leg: 0-1)3 p.m. ETN/ACBS All AccessManchester City vs. Real Madrid (1st leg: 2-1)3 p.m. ETCBS Sports NetworkCBS All Access/fuboTVSaturday, Aug. 8Round of 16 second legMatchTimeTV channelLive streamBayern vs. Chelsea (1st leg: 3-0)3 p.m. ETN/ACBS All AccessBarcelona vs. Napoli (1st leg: 1-1)3 p.m. ETCBS Sports NetworkCBS All Access/fuboTVWednesday, Aug. 12QuarterfinalsMatchTimeTV channelLive streamAtalanta vs. Paris3 p.m. ETN/ACBS All AccessThursday., Aug. 13QuarterfinalsMatchTimeTV channelLive streamLeipzig vs. Atlético3 p.m. ETN/ACBS All AccessFriday, Aug. 14QuarterfinalsMatchTimeTV channelLive streamBarcelona vs. Bayern3 p.m. ETN/ACBS All AccessSaturday, Aug. 15QuarterfinalsMatchTimeTV channelLive streamMan. City vs. Lyon3 p.m. ETN/ACBS All AccessTuesday, Aug. 18SemifinalsMatchTimeTV channelLive streamAtalanta/Paris vs. Leipzig/Atlético3 p.m. ETN/ACBS All AccessWednesday, Aug. 19SemifinalsMatchTimeTV channelLive streamBarcelona/Bayern vs. Man. City/Lyon3 p.m. ETN/ACBS All AccessSunday, Aug. 23Champions League FinalMatchTimeTV channelLive streamTBD vs. TBD3 p.m. ETCBS Sports NetworkCBS All Access/fuboTVHow to watch Champions League games in the USACBS was supposed to take over the exclusive English language rights for Champions League matches in 2021, but it did so ahead of schedule after Turner Sports prematurely ended its deal in June. So CBS is now the home for Champions League action in the United States, but it will not show any of the 11 remaining matches on its over-air cable network.All Champions League matches are available live on CBS All Access, which is the network’s online streaming service. A select few, including the Champions League Final, will be shown on TV via CBS Sports Network.MORE: Watch CBS Sports Network on fuboTVCBS All Access starts at $5.99 a month, but it is offering a one-month free trial promotion for new subscribers through mid-August. Users can cancel subscriptions at any time.Below are the devices on which CBS All Access can be streamed: AndroidiPhoneiPadApple TVGoogle ChromecastAmazon FireTVLGPlayStation 4Xbox OneRokuSamsungVisioXfinityFor the select games on TV, including the Champions League Final, CBS Sports Network has a channel finder feature for users across the country.CBS Sports Network is available on most cable provider systems. It’s also available from satellite providers DirecTV (channel 221) and Dish Network (channel 158).As for live TV streaming services, CBS Sports Network is available on fuboTV, YouTube TV and Hulu. All three come with free trials for new subscribers. read more
DES MOINES — After ten days, the revived 2020 Iowa Legislative Session has ended and the partisan debates waged in the closing hours are likely to continue through the fall campaign. Senate Majority Leader Jack Whitver of Ankeny said “unprecedented” is the best word to describe the session.“The state of Iowa has never seen a legislative session that takes a two month pause and comes back and still has a productive session,” Whitver told Radio Iowa.The Republican-led legislature’s big policy pieces, Whitver said, were dictated by the times.“The pandemic that hit Iowa caused a lot of concern for a lot of people. It caused concern for our state budget and so finalizing a solid budget that keeps us in a strong fiscal position will be one of the great accomplishments,” Whitver said, “and then the liability protections for all the churches and schools and cities and businesses that want to open up I think is really important.”This weekend, Republicans in the legislature voted to cut the state budget for conducting elections by a quarter of a million dollars and to force the state’s top election official to get permission from legislative leaders if he intends to send absentee ballot request forms to voters. GOP lawmakers have also voted to create new voter verification steps for casting an absentee ballot. Senator Roby Smith, a Republican from Davenport, said if a ballot request form has the wrong voter I-D number on it, a county auditor cannot use voter registration data to correct it and send a ballot out, but must contact the voter by phone, email or letter to verify the person is a qualified voter.“This is about security,” Smith said early Sunday morning. “This is about making sure the people that voter are the right ones.”House Democratic Leader Todd Prichard and all the Democrats in the legislature opposed these election-related moves.“I can’t believe that I’ve had to do more in this House in defense of voter rights,” Prichard said midday Sunday. “…What’s more fundamental to democracy than elections?”On Saturday, Senate Democratic Leader Janet Petersen of Des Moines railed against another bill GOP lawmakers sent the governor to establish a 24-hour waiting period for abortions.“In the middle of a global pandemic when we have Iowans in the hospital fighting for their lives, Iowans scared to go to work because they’re not sure if their employers would tell them the truth if they’ve had a COVID outbreak — and this is what we see,” Petersen said. “This is wrong.”Republicans hope the bill sparks a reversal of a 2018 Iowa Supreme Court opinion on abortion. Read more here.Republican Representative Gary Mohr of Bettendorf — chairman of the House Appropriations Committee — said many new ideas “had to be put on the shelf” because of the pandemic, but while other states are dealing with massive deficits, Iowa lawmakers shaved about $360 million from next year’s state budget plan without using any of the state’s emergency and cash reserves.“We expect to take in enough revenue to maintain the status quo,” Mohr said, “and maintain our commitments to our schools and our health care system.”Democrats like Representative Chris Hall of Sioux City say Republican legislators are giving Republican Governor Kim Reynolds too much leeway to spend federal money and adjust the state budget plan in the midst of the pandemic.“We hope to goodness that nothing bad happens, that we don’t see another second wave of outbreak,” Hall said, “but this was our opportunity to prepare for it and this legislature’s punting.”A move to automatically restore voting rights to released felons stalled in the final hours of the 2020 legislative session. In 2019, Governor Kim Reynolds began lobbying legislators to advance a proposed constitutional amendment on the topic. The Iowa House took bipartisan action last year, but there were never enough Senate Republican votes for it. Republican Senator Brad Zaun of Urbandale said there has always been concern about the message it would send to victims.“It’s a very emotional issue and secondly all indications are the governor is going to sign an executive order,” Zaun told Radio Iowa.On Friday, Governor Reynolds and a group of Black Lives Matter protesters discussed using her executive authority to automatically give released felons the right to vote now, rather than waiting until the constitution might be amended in 2022. Representative Ras Smith, a Democrat from Waterloo, said a permanent solution of a constitutional amendment is always the best.“If it’s a bargaining chip every year that we can count on them pulling back from the table when it comes time to ante up, that’s disappointing,” Smith said.The Senate completed action on bills at six o’clock Sunday morning. House suspended debate at about 10 p.m. Saturday, then resumed debate mid-day Sunday. The House and Senate adjourned shorty after 1:30 p.m. read more