Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. Holcim Ltd
  6. News
  7. Summary
    LHN   CH0012214059

HOLCIM LTD

(LHN)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

HSBC, BlackRock, Nestle to help design nature-driven risk framework

09/30/2021 | 01:16am EST
FILE PHOTO: Dead fish is seen at dried-up creek bed in a drought-affected area near Chivilcoy

LONDON (Reuters) - HSBC, BlackRock and Swiss Re are among the companies seeking to create a risk management and disclosure framework aimed at moving capital away from activities that damage nature.

The Taskforce on Nature-related Financial Disclosures (TNFD) was launched in June to tackle nature loss, which it says poses significant risk to corporate and financial stability. It said on Thursday that senior executives from up to 35 companies would aim to create the new draft framework for launch in early 2022.

The TNFD will be voluntary and aims to follow in the footsteps of the Taskforce on Climate-Related Financial Disclosures (TCFD), championed by United Nations climate envoy Mark Carney and which is increasingly being made mandatory.

While TCFD requires companies to disclose risks connected to climate change, such as the impact of rising sea levels on a factory located near the coast, many of which are also connected to nature, the TNFD will go further in its scope.

Nature-related issues that could affect a company's share price include those such as deforestation, water shortages or the potential hit to food producers if declining bee numbers impact the pollination of plants which they rely upon.

Alongside the other Taskforce members, which also include Nestle, Citi and Holcim, a further 200 institutions have expressed interest in joining the TNFD Forum, which will assist the work of the Taskforce.

"The business and financial world's race towards net zero emissions will only succeed if they race equally fast towards nature-positivity," TNFD Co-Chairs Elizabeth Mrema and David Craig said in a statement.

Each Taskforce member would be part of one of five working groups focused on defining nature-related risks, assessing the available data, looking at current standards and metrics, developing the beta framework and pilot testing it.

"The financial rationale for managing nature-related risks is increasingly clear now, but the information for identifying and acting on the risks in practice is not easily available," Herry Cho, Head of Sustainability and Sustainable Finance, Singapore Exchange, said.

(Reporting by Simon Jessop; Editing by Alexander Smith)

By Simon Jessop


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HOLCIM LTD 1.44% 45.03 Delayed Quote.-8.76%
NESTLÉ S.A. 0.91% 120.1 Delayed Quote.12.99%
SWISS RE LTD 1.27% 89.3 Delayed Quote.5.09%
All news about HOLCIM LTD
03:12aHOLCIM : announces Africa's largest 3D-printed affordable housing project
PU
03:02aHolcim announces Africa's largest 3D-printed affordable housing project
EQ
12/01Holcim Chairman to Represent Unit Lafarge in French Hearing for Funding Terrorists in S..
MT
12/01HOLCIM : Statement following court interview of Lafarge SA on 29 November 2021, Paris, Fra..
PU
12/01Holcim Group Statement following court interview of Lafarge SA on            29 Novem..
EQ
12/01Holcim Completes Sale Of 75% Shareholding To China's Huaxin
MT
12/01HOLCIM : closes divestment of business in Zambia in line with portfolio transformation
PU
12/01Holcim closes divestment of business in Zambia in line with portfolio transformation
EQ
11/25Holcim Extends Chairman's Term Until Spring 2023
MT
11/25HOLCIM : launches DYNAMax high-performance concrete to build more with less
PU
More news
Analyst Recommendations on HOLCIM LTD
More recommendations
Financials
Sales 2021 26 522 M 28 781 M 28 781 M
Net income 2021 2 362 M 2 563 M 2 563 M
Net Debt 2021 9 858 M 10 698 M 10 698 M
P/E ratio 2021 11,6x
Yield 2021 4,56%
Capitalization 27 136 M 29 522 M 29 447 M
EV / Sales 2021 1,39x
EV / Sales 2022 1,23x
Nbr of Employees 67 409
Free-Float 86,1%
Chart HOLCIM LTD
Duration : Period :
Holcim Ltd Technical Analysis Chart | LHN | CH0012214059 | MarketScreener
Technical analysis trends HOLCIM LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 44,36 CHF
Average target price 60,90 CHF
Spread / Average Target 37,3%
EPS Revisions
Managers and Directors
Jan Jenisch Chief Executive Officer & Director
Géraldine Picaud Chief Financial Officer
Beat W. Hess Chairman
Keith Carr Head-Legal & Compliance
Adrian W. Loader Independent Director
Sector and Competitors
1st jan.Capi. (M$)
HOLCIM LTD-8.76%29 522
ANHUI CONCH CEMENT COMPANY LIMITED-23.48%30 256
XINJIANG TIANSHAN CEMENT CO., LTD.-8.94%18 004
JAMES HARDIE INDUSTRIES PLC45.08%17 329
SHREE CEMENT LIMITED9.48%12 425
DANGOTE CEMENT PLC14.33%11 593