Apiday’s Post

📢Today the SBTi releases new criteria to enable financial institutions (FIs) to set ambitious near-term emission reduction targets. The Financial Institutions’ Near-Term Criteria Version 2.0 (FINT Criteria V2) aim to: 🔹Align with the SBTi Corporate Net-Zero Standard, notably by increasing minimum scope 1 and 2 mitigation ambition from well-below 2°C to 1.5°C 🔹Enhance clarity, actionability and usability  🔹Streamline coverage requirements 🔹Introduce criteria for the new Fossil Fuel Finance Targets method option to disclose, halt, transition and phase out FIs’ fossil fuel-related activities Other resources include: 🔸Main Changes Document describing the development process for the FINT Criteria V2 and summarizing the revisions 🔸Criteria Assessment Indicators for FINT Criteria V2 outlining the checks conducted during the target validation process to assess conformance the new criteria 🔸Financial Sector Near-Term Science-Based Targets Explanatory Document providing additional details on target setting methods, tools, and case studies The new criteria come into effect as of 30 November 2024. 👉Head over to our website access these resources and get a more detailed breakdown of the changes: https://lnkd.in/eJFc2bPM #sciencebasedtargets #FinancialInstitutions #netzero #financialsector

What does CIPFA’s latest financial resilience index tell us about financial pressures among local authorities? CIPFA Senior Policy Manager Joanne Pitt explores the main indicators of financial resilience within the local government sector in her latest article with PQ Magazine. The first indicator to note is local authority reserves, which have fallen during 2022-23. Read the other indicators (pg 30-31) and the next steps local authorities should take in order to improve the sector’s sustainability: https://lnkd.in/ePqzaiiz Access the latest edition of CIPFA’s Financial Resilience Index now: https://lnkd.in/efNceD-Q #publicfinance #financialresilience

As Ontario’s financial services regulator, FSRA is focused on principles-based regulation, innovation, consumer education, collaboration, and technological advancements. See how FSRA is committed to fostering a strong, sustainable, and competitive financial services sector. 👇 https://ow.ly/A5pw50SGo0K

EFRAG calls for feedback on its draft comment letter on the IASB’s ED Climate-related and Other Uncertainties in the Financial Statements – Proposed illustrative examples. 📅 We invite you to review and provide your comments by 15 November 2024. 📝 Read more and submit your feedback: https://lnkd.in/efy5Sca3 #IASB #FinancialReporting #FinancialStatements #EFRAG

With one in five councils facing the risk of financial failure within the next 12 months, how can local authorities build financial resilience? Find out what CIPFA Senior Policy Manager, Joanne Pitt, advises in the latest episode of CIPFA Speaks now: https://lnkd.in/gNNwXKSu Access CIPFA’s Financial Resilience Index: https://lnkd.in/gDmhtqVa #CIPFASpeaks #financialresilienceindex #financialresilience #localauthority #budgets #publicsector 

Our CEO Kenneth Farrugia writes about the recently launched supervisory priorities of the MFSA in today’s Times of Malta edition. In this piece he explains how Malta’s financial regulator is once again striving to reach new heights in the field of financial supervision, mainly through the introduction of an outcomes-based approach. He states that this will strengthen the MFSA’s risk-based approach, as the Authority’s finite resources are carefully allocated to achieve a set of concrete outcomes that will depict clear enhancements for the Maltese financial sector. https://lnkd.in/dPjBTuvf

This new paper from AFN answers key questions about the asset building case for supporting guaranteed income efforts. AFN’s perspectives are built upon member experience as well as data, resources, and publications by experts within the field of guaranteed income. Read: https://loom.ly/6PyiL7Q

The Taskforce on Nature-related Financial Disclosures (TNFD) invites corporations and financial institutions to register their intent to start adopting the TNFD Recommendations.   🌐 https://lnkd.in/gVxa7XUq TNFD Adopters are organisations (report preparers) who intend to start making disclosures aligned with the TNFD Recommendations in their corporate reporting. Companies and financial institutions can register their intent to start adopting in one of two timeframes: ✅ By financial year 2024 or earlier: "Our organisation will publish its first TNFD-aligned disclosures alongside financial statements for our financial year 2024 outcomes or earlier." ✅ By financial year 2025: "Our organisation will publish its first TNFD-aligned disclosures alongside financial statements for our financial year 2025 outcomes." 📆 Deadline to register – 11 October 2024 Early adopters from Germany are Commerzbank AG, RWE, The Landbanking Group and Vulcan Energy Resources Deutschland #TNFD #planetaryboundaries #SustainableFinance Melitta Group kuyua Yvonne Zwick Rainer Kant

📣 Registration is open for the AFI National Financial Inclusion Strategies (NFIS) Policy Model online course! Developed by AFI, this course aims to enable policymakers and stakeholders to learn and apply AFI’s NFIS Policy Model. It provides capacities for the design, implementation and monitoring of financial inclusion policies and programs embedded within an NFIS framework. Register now! 👉 https://bit.ly/3IDnmrS The course starts 📌 15 June 2024. Don't miss this opportunity to enhance your financial inclusion strategies! 🚀 #FinancialInclusion #GlobalGoals #NFIS #FinancialStrategy

🎓 FAFSA Filing Open! As of October 1st, you can now file for federal college financial aid for the academic year July 2025 – June 2026. Be sure to submit your FAFSA as early as possible to maximize your financial aid opportunities. Don’t miss out—get started today! #FAFSA #FinancialAid #CollegePlanning