As natural disasters cause mass destruction and evacuation worldwide, the risks of a changing climate are being felt far and wide. Yet in many cases, discussions in C-suite meeting rooms are failing to acknowledge the changes happening around us. Generally, there’s been less discussion around climate risk in industries that aren’t traditionally considered carbon-intensive. However, […]
Alex
Unpacking the European Union’s CSRD
June 28, 2023 The European Union’s Corporate Sustainability Reporting Directive (CSRD) came into force on January 5, 2023. This wide-ranging legislation calls for the robust reporting of corporates’ climate-related financial risks and opportunities — and not just for companies in the European Union. Tens of thousands of companies in the US, UK, Canada, and elsewhere […]
Church of England funds dump oil and gas investments, and more.
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. Church of England to divest from oil and gas The Church of England’s £10.3bn (USD$13.1bn) endowment fund said it will dump investments in oil and gas companies after it concluded that […]
EP5: How the Finance Sector Can Address Climate Risk
The impacts of climate change pose a massive risk to the financial sector. Companies that continue to invest, lend, or insure assets that fail to transition to a low-carbon economy or are highly exposed to natural disasters have the potential to lose significant capital. All this means firms need to actively manage their climate-related financial […]
EU proposes loosening CSRD rules and more
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. EU proposes loosening CSRD standards The European Commission proposed easing climate and environmental, social, and governance disclosure rules that underpin the Corporate Sustainability Reporting Directive (CSRD) amid concerns of the regulatory […]
Want to Tell a More Effective Climate Story? Here’s How
In the era of ESG investing and conscious consumerism, companies are pouring more resources into communicating their environmental targets and actions as part of their ‘climate story.’ Your company’s climate communications provide essential transparency and accountability into its climate-related risks and opportunities. But not all climate stories are effective, and publishing endless amounts of data […]
World Economic Forum partners with ISSB to support global disclosure baseline, and more.
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. WEF and ISSB partner to achieve sustainability disclosure baseline The World Economic Forum (WEF) is convening an expert group of sustainability professionals to share best practices and perspectives on climate and […]
Climate Risk Regulation Rundown: May 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas Commissioner Mark Uyeda of the US Securities and Exchange Commission (SEC) warned that the agency may become the “global police” for environmental, social, and governance (ESG) issues. In a speech before the Managed Funds Association on May 16, Uyeda said the SEC […]
Five Ways Technology Can Improve Your Climate Disclosure
As the climate disclosure landscape evolves, sustainability teams are struggling to keep up with investors’ and regulators’ changing demands. These teams, which are often small and under-resourced, end up spending a ton of time manually researching, benchmarking, and assessing how their reporting aligns with certain disclosure frameworks and standards. This pulls them away from high […]
EU Parliament advances sustainability due diligence law, and more
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. EU Parliament approves sustainability due diligence law The European Parliament voted to advance new rules that would force corporations to produce wide-ranging climate transition plans and integrate environmental and social factors […]