More and more companies are setting climate commitments and net-zero targets. Over 5,000 organizations have set science-based targets, and many more are releasing public climate reports and disclosures. However, only a small fraction of companies have credible plans for reaching their targets. Just 24% of CDP-disclosing companies are on track to reaching their goals. Meanwhile, […]
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Here’s What To Do After Calculating Your Financed GHG Emissions
Financial institutions play an essential role in steering the world toward a low-carbon economy. As the world becomes increasingly aware of climate change’s adverse consequences, banks and other financial firms are stepping up their efforts to incorporate climate considerations into their core business strategies. Calculating financed greenhouse gas (GHG) emissions — the emissions linked to […]
Climate Risk Regulation Rundown: July 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas On July 28, US Treasury Secretary Janet Yellen chaired a meeting of the Financial Stability Oversight Council, where the Climate-related Financial Risk Committee (CFRC) provided updates on interagency efforts to identify and monitor vulnerabilities in the financial system due to climate-related risks. […]
Insights from a Corporate Climate Journey: A Discussion with Bridge Investment Group
August 15, 2023 Companies around the world are continuing to grapple with the ever-evolving regulations and investor expectations surrounding climate disclosure and management. But many don’t know where to begin on their climate journeys, how to address the growing threat of climate risk, and the steps to managing it. Additionally, many are still unsure how […]
Why Competitor Benchmarking is Crucial to Your Climate Progress
Most large and medium-sized organizations are feeling the pressure to improve the ways they manage and disclose climate risk — but most don’t know where to start or who should take responsibility. The key to climate success begins with looking outward. There is a wealth of insight and guidance contained within the climate disclosures of […]
What the ISSB Standards Mean for the TCFD and Climate Reporting
July 27, 2023 In June, the International Sustainability Standards Board (ISSB) published its inaugural disclosure rules, which are intended to become the global climate and sustainability reporting baseline. The standards fully incorporate the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), the voluntary climate reporting framework released in 2017. The release of these […]
The Smart Way to Manage Cross-Jurisdictional Climate Reporting
With so many environmental, social, and governance (ESG) and climate risk reporting frameworks, many companies — particularly those with an international presence — are concerned about the complexities of managing multiple jurisdictional climate reporting requirements. But while the climate reporting space is undoubtedly fragmented, many organizations don’t know that most major reporting standards and frameworks […]
Harness the Power of Climate Disclosure and Investor Trends
Data is essential to businesses’ efforts to build climate resilience and fulfill their low-carbon ambitions. It’s also vital for understanding how climate threats could imperil the wider economy and financial system. In July 2023, the Financial Stability Board — a global panel of regulators — said consistent, high-quality, and comparable data is crucial for monitoring […]
Climate Risk Regulation Rundown: June 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas The US Commodity Futures Trading Commission (CFTC) announced it will hold a second voluntary carbon markets meeting on July 19. The meeting aims to discuss private sector efforts around high-quality carbon credits, current market trends, public sector initiatives, and perspectives on how […]
Why Accelerating Your Climate Strategy is a Competitive Advantage
More and more companies are developing corporate climate strategies and setting climate targets. For many organizations, risk is the central focus of these discussions as many wonder how to best mitigate the potential impacts of a changing climate and transitioning economy. Yet the upside of risk and uncertainty is opportunity. As climate-leading organizations are discovering, […]