Climate change is having a significant impact on businesses, from higher energy costs to supply chain disruptions. Investors and regulators increasingly want to understand businesses’ resilience to climate risks since this will shape their future financial performance and competitiveness. The key to building climate resilience is good climate management. Businesses that have a handle on […]
Alex
Climate Risk Regulation Rundown: January 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas On January 19, the Federal Reserve released the plans for its first climate scenario analysis (CSA) exercise. The exercise will assess banks’ abilities to withstand climate-related physical and transition risks, including extreme hurricanes and disruptive climate policies. The Fed will also use […]
White Paper: Why the SEC Proposed Climate Disclosure Rule is a Game Changer
The US Securities and Exchange Commission (SEC) is ushering in a new era of climate-related disclosure. In April 2023, the agency is expected to finalize a new rule that will require all companies listed on US exchanges to include detailed climate-related information in their periodic filings. The rule, in part inspired by the Task Force […]
Why It’s So Hard to Be an ESG Investor
Why Climate Disclosures Must be Decision-Useful
Why Businesses Must Build Climate Competency Across the Board
Companies Turn to Sustainability for Long-Term Growth and Cost Savings
Global Risks Report Highlights Urgent Need for Climate Risk Planning
Failing to take action to mitigate and adapt to climate risks poses major economic risks, a survey of the world’s top experts shows. The findings affirm the importance of climate risk management and planning for businesses. The World Economic Forum’s Global Risks Report 2023 examines the key threats to the global economy over the short […]
Climate Risk Regulation Rundown: December 2022
What happened in climate-related financial regulation last month, and what’s coming up. Americas On December 8, the Federal Reserve released new guidelines for large banks on managing their climate risks. The guidelines recommend that banks set up climate risk analysis, have their boards oversee climate risks, and align employee pay with climate risk management objectives. […]
What to Expect For Climate Risk Disclosures in 2023
Last year was a game changer for climate risk disclosures. More companies began to report their climate-related information, and regulators around the world moved closer toward mandating corporate climate reporting. Many of these incoming climate reporting requirements are based on the Task Force on Climate-related Financial Disclosures (TCFD), the world’s leading climate reporting framework. The […]