Series 9, Episode 11: Key takeaways from Week 1 of COP28 for financial firms

The United Nations Conference of the Parties on Climate Change (COP28) is underway in Dubai. Past COPs have led to governmental initiatives that have real consequences for financial services businesses in their day-to-day operations. Transition plans and internationally agreed sustainable reporting standards are two examples of this.In this episode of Compliance Clarified, Alexander Robson, managing editor of Thomson Reuters Regulatory Intelligence, is joined from Dubai by Lindsey Rogerson, senior editor for Thomson Reuters Regulatory Intelligence, to discuss the key initiatives emerging from COP28 and what they will likely mean for financial market participants.The discussion includes the methane pledge and what that will mean for asset managers and banks' lending books, and the significance of the International Organization of Securities Commissions (IOSCOs) consultation of 21 good practices for integrity in carbon markets. It also considers some of the emerging winners in terms of asset managers winning multi-billion-dollar investment mandates.The Compliance Clarified podcast series covers a wide range of topics that affect compliance officers at financial institutions and aims to help them navigate the often challenging regulatory environment. It considers the significant challenges of the day and offers practical ideas for emerging best practices.The podcast is available on Google, Apple & SpotifyAdditional resources:Navigating Past the Noise Report from Thomson Reuters: www.thomsonreuters.com/en-us/posts/wp-content/uploads/sites/20/2023/12/ESG_Navigating-Past-the-Noise.pdfAsset managers with proven green credentials to benefit from wall of money: http://go-ri.tr.com/qEbXTICentral banks announce task force on adaptation finance: http://go-ri.tr.com/tZIsYMNet Zero Banking Alliance unveils transition finance metrics to help banks better report on decarbonisation efforts: http://go-ri.tr.com/J9bIfxCFTC consults on voluntary carbon derivatives, as voluntary framework reached on environmental offset standards: http://go-ri.tr.com/WWCVNtIOSCO consults on good practices to promote integrity in voluntary carbon markets: http://go-ri.tr.com/2qPwFgIFRS launches sustainable knowledge hub at COP28: http://go-ri.tr.com/gEoJIo Compliance Clarified is a podcast from Thomson Reuters Regulatory Intelligence.Listen to wide-ranging, insightful discussions on all things compliance for financial services firms. We delve into the hot topics of the day, the challenges faced and offer up practical ideas for emerging good practice. We de-mystify regulation and explore the art, as well as the science, of the ever-expanding role of the compliance officer.  Enforcements, digital transformation, regulatory change, governance, culture, conduct risk – anything and everything impacting the compliance function is up for discussion.