Why G7 backing TCFD is ‘enormously important’

  • Date: 09-Jun-2021
  • Source: Financial Times
  • Sector:Economy
  • Country:Middle East
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Why G7 backing TCFD is ‘enormously important’

Greetings from New York where I am currently in the throes of launching a new book, Anthro-Vision, (mostly) via zoom. It narrates how I started my career as a cultural anthropologist in Tajikistan “” and while that background once seemed weird in finance, it later helped me foresee the 2008 financial crisis, techlash and the rise of the sustainability movement. Why? Anthropology is a discipline that champions empathy and lateral vision “” or a desire to look at the world beyond the confines of economic models, corporate balance sheets and big data. Lateral vision is at the core of ESG, and I argue, what people need today to "build back better“.

The G7 finance ministers appear to agree: as we explain below, they have just thrown their support behind mandatory climate reporting for companies, in a way that essentially champions the concept of lateral vision “” and stakeholderism. This news took many people by surprise. But check out our exclusive interview with Mary Schapiro, former head the US Securities and Exchange Commission, about the development. (Coincidentally, she too studied anthropology before she became a regulator.) Gillian Tett

No 'wonderful paperweight': G7 embraces TCFD

When Mary Schapiro started working on the Task Force on Climate-related