Canada’s Office of the Superintendent of Financial Institutions (OSFI) has released new climate risk rules for federally regulated banks, insurance companies, and pension funds. In the new guideline, dubbed B-15, the Canadian regulator says federally regulated financial institutions (FRFIs) will need to publicly disclose their climate-related financial information and develop plans to identify, assess, and […]
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OSFI Publishes Climate Risk Rules, SEC Chief Hints at Scope 3 Disclosure Rollback, 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. OSFI publishes climate risk rules for Canada’s banks, insurers Canadian banks and insurers will have to assess their resilience to a 1.5°C warming scenario and disclose climate-related information under new rules […]
Climate Risk Regulation Rundown: February 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas On February 14, US President Joe Biden appointed Lael Brainard, a vice-chair of the Federal Reserve, to serve as director of the National Economic Council (NEC). Brainard was a climate hawk during her time at the Fed, making speeches on the importance […]
Hunting The Climate GigaCorn: The Next Big Winners In The Decarbonization Economy
Laura Zizzo: Five Things I Wish Someone Told Me Before I Became A CEO
UK Companies Urged to Make Transition Plans, TCFD Polls Investors on Climate Reporting, 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. UK companies urged to make transition plans Financial institutions and real-economy companies in the UK should aim to publish credible transition plans this year, the government-backed Transition Plan Taskforce (TPT) has […]
The Link from Climate to Financial Risk
Climate change is an increasingly powerful financial risk driver for organizations of all sizes. Physical risks — like extreme weather events — and transition risks — like changing climate policies — each have the potential to impact companies’ revenues, assets, and access to financing. Even organizations that appear financially healthy today may deteriorate rapidly as […]
Emerging Technology’s Vital Role in Scaling Climate Competency
Beyond a Net-Zero Target: Why Climate Management Matters
As the climate transition accelerates, more companies are setting ambitious targets to zero out their emissions. While some are choosing to do this voluntarily, others are doing this in response to investor and regulatory pressures, which are mounting as awareness of climate-related physical and transition risks have grown. However, just because companies have set net-zero […]
Republicans Attack SEC Climate Risk Rule, BNP Paribas Faces Climate Lawsuit, and More
The top five climate risk stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. Republicans attack SEC climate risk rule GOP lawmakers claim the US Securities and Exchange Commission (SEC) overstepped its authority by proposing a disclosure rule that would force public companies to report their climate […]