On October 7, 2023, California Governor Gavin Newsom signed SB 253 and SB 261 into law, requiring companies doing business in the state to disclose their climate-related risks and greenhouse gas emissions. SB 253 will mandate emissions reporting for companies with over $1 billion in revenue, while SB 261 compels climate risk disclosures from those […]
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At COP28, What Will the Global Stocktake Mean for Corporate Climate Disclosures?
With COP28 kicking off this week, it feels as though all eyes in the climate space are watching Dubai. From clean energy transitions to developments in carbon removals, many are hopeful that COP28 will mark the beginning of a new era for climate action. At Manifest Climate, we help companies better align their climate action […]
How to Structure Your Climate Team for Success
With its myriad physical, regulatory, and market-based risks, ‘climate’ can no longer be simply the domain of CSR (corporate social responsibility) or ESG (environment, social, and governance) teams. Investors are increasingly looking for evidence that companies are integrating climate considerations into business decisions and future planning. At the same time, new disclosure requirements will put […]
How to Build Climate Consensus in Four Easy Steps
Addressing corporate climate risks and opportunities is now too large of a task to be the sole domain of a single team. To effectively manage climate risks and opportunities, there needs to be buy-in and support from all levels of an organization. This is because the companies that succeed in managing and adapting to climate […]
The 7 Steps to a Strong Climate Strategy
Building a comprehensive climate strategy is one of the most important actions a company can take to manage its climate-related financial risks and opportunities. While the best climate strategies are unique to an organization, all companies should follow these seven important steps when approaching climate management for the first time. 1. Identify climate-related risks and […]
Building Climate Resilient Portfolios: Considerations for Physical Risks
Discover the crucial role of climate risks in shaping investment strategies with Manifest Climate and Los Angeles Capital Management’s latest white paper. Learn how global warming pressures are impacting asset managers’ decision-making and why financial markets may be underpricing climate physical risks like extreme weather events, including floods and wildfires. Explore Los Angeles Capital Management’s […]
Climate Risk Regulation Rundown: August/September 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas On September 25, the US Securities and Exchange Commission (SEC) fined DWS Investment Management Americas, a Deutsche Bank majority-owned asset manager, USD$19 million for “materially misleading statements” concerning ESG investments. This marks the largest ESG-related enforcement action against an asset manager by […]
Assessing Climate Risk in Asset Management: A Conversation with Los Angeles Capital Management
October 25, 2023 As the impacts of climate change become more apparent, a growing number of asset managers recognize the threat these natural disasters pose to their portfolios and investment strategies. In response, many companies are developing and undergoing extensive processes to both identify and assess their climate-related financial risks. Manifest Climate and Los Angeles […]
SB 253 and SB 261: California’s New Climate Disclosure Rules, Explained
Corporate climate disclosure is the current focus of legislative bodies around the world. From the US Securities and Exchange Commission’s (SEC) proposed climate disclosure rule to the EU Commission’s Corporate Sustainability Reporting Directive, more companies are becoming subject to mandatory climate reporting. California, which is both a Democrat state and the US’s largest state economy, […]
Here’s What Investors Want to Know About Your Climate Governance
Corporate climate risk is not a simple mathematical equation: It’s also a qualitative concern that’s made worse or better by how an organization prioritizes and prepares for the realities of a changing climate. In the early stages of a climate journey, companies must understand the importance of good climate governance, which can make or break […]