As the climate transition accelerates, it’s important for companies to consistently communicate their climate-related financial risks and opportunities. But how do sustainability and risk professionals ensure climate stays high on companies’ agendas amid competing priorities? In this Climate Compass episode, Host Laura Zizzo chats about why climate needs to be an ongoing discussion for businesses. […]
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What is the TNFD and how does it Fit into Climate Reporting?
Business risks and opportunities are shaped by all kinds of factors. A key development over the last decade or so has been the growing awareness of how environmental factors present financial risk to the global economy. This understanding informed the creation of the Task Force on Climate-related Financial Disclosures (TCFD) in 2015 and the Task […]
BlackRock Chief’s Letter, CDP Climate Disclosure Drive, 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. BlackRock chief renews climate disclosure call The CEO of the world’s largest asset manager told investors that many clients want data on the “material sustainability risk factors,” like climate change, that […]
OSFI Canada’s New Climate Disclosure Rule
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 […]
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 […]