SDR SUSTAINABILITY DISCLOSURE REQUIREMENTS ANTI-GREENWASHING FINANCIAL INVESTMENTS

SDR & SUSTAINABLE GREEN FINANCE

ANTI GREENWASHING SUSTAINABLE DISCLOSURE REQUIREMENTS

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IT KILLS THEM GETTING IT OUT, IT KILLS US USING IT - Drilling and pumping oil is a messy occupation playing with carcinogenic fluids, that traditionally makes millionaires of those prospectors. Hence the name "Black Gold" and "Texas Tea." Years ago oil prospecting was respectable, today those investing in oil companies are deemed by many to be climate criminals - because it kills us when we burn it. Thus, investing in oil is investing in cancer, death and suffering - knowingly engaging in spreading disinformation, such as employing professionals to tell people that something is good for them, or not harmful, when it is obvious from scientific data, that it is not good for them.

ANTI-GREENWASHING - SUSTAINABILITY DISCLOSURE REQUIREMENTS (SDR)

On the 18 October 2021, UK Chancellor Rishi Sunak published a roadmap setting out the Treasury's new Sustainability Disclosure Requirements (SDR). The requirements, which will affect asset managers, investment products and listed corporates, require firms to disclose the environmental impact of any activities they finance and "clearly justify any suitability claims [they] make".

Some key points in the report, entitled Greening Finance: A Roadmap to Sustainable Investing, include reporting environmental impact using the UK Green Taxonomy, timescales on SDR disclosures and the potential for ESG ratings agencies to come into the scope of Financial Conduct Authority (FCA) authorisation and regulation.

Although the UK Taxonomy has not yet been produced, the document says it ‘draws on the EU approach, which the UK helped design' and the six environmental objectives are exactly the same as the EU Taxonomy, down to applying the climate change mitigation and climate change adaptation before the other four, having technical screening criteria for each economic activity, and requiring any activity to both contribute to at least one objective and also to do no significant harm to any others.

ENVIRONMENTAL, SOCIAL, GOVERNANCE (ESG)

Investors are increasingly applying these non-financial factors as part of their analysis process to identify material risks and growth opportunities.

ESG metrics are not commonly part of mandatory financial reporting, though companies are increasingly making disclosures in their annual report or in a standalone sustainability report. Numerous institutions, such as the Sustainability Accounting Standards Board (SASB), the Global Reporting Initiative (GRI), and the Task Force on Climate-related Financial Disclosures (TCFD) are working to form standards and define materiality to facilitate incorporation of these factors into the investment process.

As ESG investing accelerates in demand, several key trends are emerging – from climate change to social unrest. The coronavirus pandemic, in particular, has intensified discussions about the interconnectedness of sustainability and the financial system.

There is no one exhaustive list of ESG examples. ESG factors are often interlinked, and it can be challenging to classify an ESG issue as only an environmental, social, or governance issue.

ESG factors can often be measured (e.g., what the employee turnover for a company is), but it can be difficult to assign them a monetary value (e.g., what the cost of employee turnover for a company is).

SUSTAINABLE ENERGY

The benefits sustainable energy to mankind, land and marine animals are manifold. Think of all those islanders being displaced by melting arctic ice, raising sea levels. Why not plant more trees, instead of cutting natures filtration system down. Why would anyone deny climate change?

G20 abusers will say they had no choice. They needed to keep burning coal, gas and oil for their economies. But that is not true. We all have choices. There are clean alternatives, such as solar and wind power. There is no need to keep building coal fired electricity generating stations, and no need to drive carcinogenic petrol or diesel vehicles that contribute to lung cancer. We have hydrogen fuel cells, electrolyzers and zero emission electric vehicles. We also have low cost flatpack service stations. All the G20 have to do is join up the technology dots and introduce policies to make it happen.

ADDICTED TO OIL - Oil and coal deposits are the Banks of Death for cowardly administrations, who it appears, refuse to even try to to fix the climate, for fear of the unknown, and reduced party political contributions. Are they Chicken? You betcha. Chicken and homicidal at the same time, playing with your lives. Dozens of potential solutions abound, of which SmartNet™ is just one example. We hope that by giving examples and showing what the state of the technology is, or can be, that we will inspire at least one world leader and one giant energy corporation to take the plunge - and give it a go.

COMMON LAW - Postericide is committed when an agent intentionally or recklessly performs conduct fit to bring about the extinction of humanity. International criminal law contains no precedents for the prosecution of postericide, because to obtain a conviction you would need to prove that the activity complained of was the fault of the parties concerned, acting either independently, or in concert. Meaning that upwards of four world leaders would need to be prosecuted. But that such prosecution would be likely to ignite hostilities and so be unenforceable in real terms. As the culprits brought up military barriers to protect themselves.

But we do have Corporate Manslaughter as a steer, since the crimes and intention to commit such crimes have been admitted by India and China during COP26 by Narendra Modi and Xi Jinping, in that they intend ramping up coal usage. In the full knowledge of the harm that will cause: Desertification, Sea Level Rise and Temperature Rise. In that an administration is and operates much like a Corporation, the controlling minds would be the guilty party.

Prosecution in the International Criminal Court, would be such as to declare those Leaders, incompetent and thus incapable of leadership. The requirement, apart from fines and/or imprisonment, would be to call a General Election. Advertising the extant Conviction as the basis for the Election. The Rome Statute of 1998, already contains such power to prosecute offenders.

Hence, in our view, the offence of, 'Postericide,' or a lesser charge, not so much directed at 'Extinction,' but directed at behaviour that will contribute to human deaths and displacement, is a moral necessity in the Anthropocene Age.

LINK & REFERENCE

https://www.

CANCER KINGS - The oil barons know about respiratory victims dying of lung cancer from carcinogenic and particulate vehicle exhausts, as they reap export dollars in return from selling such automobiles. They had/have a duty to their fellow man, abandoned to keep the $dollars rolling in. Cash for lives = climate butchers. Climate butchers are criminals that need to be brought to justice.

PROFESSIONAL CLIMATE DENIERS A - Z

Fiona Wild
Marc Morano

Myron Ebel

COAL & OIL COMPANIES - In seeking to extend the use of fossil fuels, the world's oil, gas and coal companies, and the nations that continue to develop coal generation for so-called cheap energy, are turning the whole planet into one giant carcinogenic gas chamber. The oil barons know about cancer victims dying of lung cancer from carcinogenic and particulate vehicle exhausts, as they reap export dollars in return. As with cigarettes, this makes them vicariously liable, all the while fossil fuels are sold without a health warning clearly displayed.

LINKS & REFERENCE

https://www.oxfordhandbooks.com/view/10.1093/oxfordhb/9780190881931.001.0001/oxfordhb-9780190881931-e-44

https://www.breitbart.com/the-media/2015/09/15/climate-change-deniers-bad-hitler-yale-history-professor-goes-full-godwin/

CONTINUED USE OF FOSSIL FUELS WILL CAUSE EARTH'S TEMPERATURE TO RISE AND EXTINCTION