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Canada Banks Failing on Net-Zero Goals, Goldman Sachs Charged for ESG Failures, and More
The top five climate risk stories this week. Canada banks failing on net-zero goals None of the six largest Canadian banks are on track to achieve their net-zero goals, according to a report out of advocacy group Investors for Paris Compliance (IPC). BMO, CIBC, National Bank, RBC, Scotiabank, and TD have all pledged to align […]
CDP Reporting Annual Disclosure Updates for 2023
Today’s climate disclosure landscape is quickly evolving. Amid the emergence of regulatory climate disclosure requirements, and in order to remain relevant, well known voluntary disclosure standards are changing. CDP, the sustainability disclosure non-profit, is one example. The organization updates its disclosure framework annually, adjusting its coverage of key climate issues, as well as the contents […]
Manifest Climate’s Disclosure Benchmark Review
Manifest Climate’s inaugural Disclosure Benchmark Review provides an in-depth look at the current state of private sector climate disclosures. It includes a first look at the findings of Manifest Climate’s proprietary assessment models, which measure the decision-usefulness of organizations’ disclosures and their alignment with established climate reporting standards and frameworks. Manifest Climate’s review of over […]
COP27 Week Two Round-Up
The second week of the United Nations (UN) Climate Change Conference (COP27) saw frenzied discussions between developed and developing countries on an array of topics crucial to the success of the 2015 Paris Climate Agreement. Ultimately, negotiations spilled beyond the summit’s scheduled end, with a bundle of agreements forged in the early hours of Sunday. […]
Climate Scenario Exercises Lowball Risks, CPPIB Will Dump Net-Zero Laggards, and More
The top five climate risk stories this week. Climate scenario exercises lowball risks, global regulators say Climate risks to the financial system are “likely understated” by scenario analyses, the Financial Stability Board (FSB) has said. In a Tuesday report, the panel of global regulators disclosed the findings of 67 planned and completed climate scenario exercises, […]
Driving Canada’s Low-Carbon Transition Through Collective Engagement
A PRI in Person Side Event November 30th, 7:30am – 9:00am CETAC Hotel by Marriott Barcelona Forum Join Manifest Climate for a discussion with Climate Engagement Canada’s (CEC) Steering Committee, investor participants, and research partners on how climate disclosures are driving investor engagement and corporate climate action in Canada. Inspired by Climate Action 100+, Canada’s […]
The Role of Climate Risk Planning
COP27 Week One Round-Up
The first week of the United Nations (UN) Climate Change Conference (COP27) saw progress made on a range of policies that matter to governments and businesses. The summit, which is taking place at Sharm El Sheikh in Egypt, also hosted intense debate on the future of climate finance for the low-carbon transition and for climate-related […]
Regulating Net Zero Pledges, Few Banks Have 2030 Climate Targets, and More
The top five climate risk stories this week. Regulate net zero pledges, UN panel says Financial institutions’ net-zero commitments should be policed by national regulators to tackle greenwashing, a United Nations (UN) expert group has said. It also called for a new task force on net-zero regulation to set “ground rules” for the global economy […]