The top five climate risk stories this week. Many companies don’t factor climate in risk management — survey A recent survey by the Institute of Management Accountants (IMA) found climate is often ignored in corporate risk analysis and planning. Of the more than 500 respondents who work in corporate finance, 32% said their organization does […]
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Women Governance Trailblazers – Laura Zizzo
Insurers Attack Treasury’s Data Probe, New York Issues Climate Risk Guidance, and More
The top five climate risk stories this week. US insurers attack Treasury’s climate data probe The US insurance industry is opposing a request from the Federal Insurance Office (FIO) to submit data on how physical climate risks — like hurricanes, wildfires, and floods — could disrupt the supply of property and casualty coverage. The FIO, […]
Episode 344: Sustainability Professionals Share Hopes for 2023
Australia’s Climate Disclosure Rule, HSBC Halts New Oil & Gas Financing, and More
The top five climate risk stories this week. Australia kicks off climate disclosure rulemaking The Australian government is seeking public input on climate disclosure requirements for companies it plans to release in 2023. The consultation, issued Monday, describes the government’s pledge to make companies report information on their climate governance, strategy, risk management, and metrics […]
Emissions Reporting is About More Than Numbers
International climate action must be guided by clear, credible data. When it comes to climate mitigation targets, this means accurate greenhouse gas (GHG) emissions accounting and verification. There’s a lot more to producing high-quality emissions disclosures than crunching numbers, however. Organizations have to set up policies and processes for gathering emissions data from across business […]
Mastering TCFD Will Pay Dividends in 2023’s Regulatory Landscape
Vanguard Exits NZAMI, Federal Reserve Unveils Climate Risk Guidance, and More
The top five climate risk stories this week. Vanguard exits Net Zero Asset Managers initiative The world’s second-largest asset manager has quit a leading climate finance alliance in a bid to resolve “confusion” over its net-zero approach. On Wednesday, Vanguard — which has USD$7.1trn in assets under management — said it is withdrawing from the […]
Climate Risk Regulation Rundown: November 2022
What happened in climate-related financial regulation last month, and what’s coming up. Americas The US Securities and Exchange Commission (SEC) charged Goldman Sachs Asset Management (GSAM) for failing to honor policies and procedures linked to three environmental, social, and governance (ESG) products. In an order published November 22, the agency said GSAM will pay a […]
Banks Lag on Physical Risk Management, Extreme Weather Losses Hit $260bn, and More
The top five climate risk stories this week. Stress test reveals Australian banks’ climate risk exposure Climate change may render Australian banks less resilient to economic shocks, a stress test conducted by the country’s financial regulator suggests. The Australian Prudential Regulation Authority (APRA) published the findings of its inaugural Climate Vulnerability Assessment (CVA) on Wednesday. […]