We discuss recent developments in the EU's social taxonomy, how financial firms are managing climate risk and the ESG implications in Ukraine
In this episode of ESG360, we discuss the EU’s social taxonomy with Ella Chalfon, a managing director in Nomura’s Sustainable Finance team. The taxonomy gives the EU an opportunity to be a leader in determining what ‘good’ looks like on social issues while encouraging new investment in socially beneficial enterprises. It also provides a yardstick for investors to benchmark companies and hold them accountable on their social credentials.
Victoria Collins, Nomura’s Head of Climate Risk, talks about how financial firms are managing climate risks arising from extreme weather like the $1.5 billion in damage caused by recent deadly flooding in Australia and how they are treating so-called stranded assets like coal-fired power stations when demand plummets. We also touch on the ESG implications in Ukraine, including how investors with a social mandate can address the unfolding humanitarian crisis, and the escalating risks from political instability and a change in country ratings.
Managing Director, Sustainable Finance
Head of Climate Risk
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