1、UK-China Climate and Environmental Information Disclosure Pilot 2019 Progress Report 2 UK-China Climate and Environmental Information Disclosure Pilot 2019 Progress Report Participants Pilot Coordinators 3 UK-China Climate and Environmental Information Disclosure Pilot 2019 Progress Report To achiev
2、e the goals of the Paris Agreement and our wider environmental ambitions, financial institutions worldwide need to be proactive in channelling global funds to support the green economy by monitoring and evaluating the risks and opportunities brought by climate and environmental factors. There is inc
3、reasing international recognition of the importance to integrate climate and environmental factors into mainstream financial decision-making. Established in December 2015, the Task Force on Climate-Related Financial Disclosures (TCFD) is supported by Mark Carney (Chair of the Financial Stability Boa
4、rd) and chaired by Michael Bloomberg. The TCFD framework has gained increasing influence, being endorsed by institutions representing $120 trillion of assets globally. Developing green finance and promoting the green economy is of major strategic significance for China. In 2016, seven ministries and
5、 commissions including the PBoC jointly issued the first national green finance policy in the world, Guidelines for Establishing Chinas Green Financial System, which explicitly requires gradually establishing and improving an information disclosure system. The China Securities Regulatory Commission
6、(CSRC) also set forth uniform standards for climate and environmental information disclosure by listed companies. The countrys financial authorities began working on a unified system of green finance standards and statistics and introduced a series of regulations and standards, including: the Green