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 […]
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 […]
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 […]
The critical role of AI in scaling climate expertise
How to Leverage Data and AI to Scale Climate Resilience
May 23, 2023 Companies around the world are increasingly facing pressures to address their climate risks and opportunities through robust and well-integrated strategies. But many struggle to understand how they’re doing in the context of the shift toward a low-carbon economy. Technology, data, and artificial intelligence (AI) have the power to support companies when it comes […]
Building Climate Expertise? You Need a Climate Champion
With global warming, biodiversity loss, and damaging weather events causing disruption around the world, organizations are beginning to understand the financial risks and opportunities of the inevitable impacts of climate change. At the same time, investors and other stakeholders are demanding better climate disclosures and management practices from the companies they’re backing. To avoid painful […]
How Does the CSRD Compare to the TCFD?
Businesses, investors, and governments are increasingly paying attention to companies’ climate and sustainability disclosures so they can better understand their financial risks and opportunities. To improve the quantity and quality of this information, global standard-setters and regulators are introducing climate and sustainability reporting frameworks and rules. The European Union’s Corporate Sustainability Reporting Directive (CSRD) and […]
Climate Risk Regulation Rundown: April 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas A paper out of the Federal Reserve Bank of New York examines the potential loan losses that US banks may face due to climate transition risks. Under the scenario with the most climate transition impacts, the analysis found that the average bank’s […]