A fifth of the lender’s portfolio faces high nature-related risks, says sustainability head Eric Lim, noting water’s broad impact and the lack of target-setting tools. Oil and gas, though a focus sector, was excluded from its analysis.
Companies are using the acronym less frequently, as politics, regulation and greenhushing are pushing environmental, social and governance topics out of fashion.
Ahead of mandatory reporting, nearly all small-cap issuers now disclose at least one of TCFD's 11 recommendations, a market regulator study finds. But Scope 3 emissions – still without a fixed disclosure deadline – remain a major challenge.