Alex
Climate Action Plans: Setting Goals and Overcoming Obstacles
October 18th, 2022 Companies big and small are considering how to take climate action. However, many do not know where to start, or what climate goals to target. Others may know what actions to take, but are unclear on the practices and processes they should put in place to implement them. This is why setting […]
Asset Managers, Owners Lack Data, Systemic Climate Risks, and More
The top five climate risk stories this week. Asset managers, owners lack data for climate reports — TCFD Two-thirds of asset managers and owners surveyed by the Task Force on Climate-related Financial Disclosures (TCFD) say poor data from investee companies makes it hard for them to do climate reporting. In its latest paper on climate […]
How Regulation Can Encourage Climate Action
As the low-carbon transition accelerates, more companies are considering climate change in their operations and decision-making. Part of this shift is due to regulation. In many jurisdictions, governments are requiring businesses to disclose climate-related information in their periodic filings. Climate-related disclosures inform companies’ key stakeholders of how they’re approaching the challenges and opportunities related to […]
US Establishes Climate Risk Group, Climate Risks Ignored in Disclosures, and More
The top five climate risk stories this week. US financial regulators establish climate risk group The Financial Stability Oversight Council (FSOC), a panel of federal regulators charged with monitoring the US financial system, announced the formation of a committee dedicated to exploring climate threats on Tuesday. The Climate-related Financial Risk Advisory Committee (CFRAC) will collect […]
Climate Risk Regulation Rundown: September 2022
What happened in climate-related financial regulation last month, and what’s coming up. Americas The Federal Reserve will conduct a “pilot climate scenario analysis exercise” of six Wall Street banks in early 2023. Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Wells Fargo will all take part in the exercise. In a […]
The Investment Case for Climate Opportunities
While asset managers are in the business of growing their clients’ wealth, they’re also increasingly being asked to support climate goals. On paper these two objectives may appear at odds with one another, but in practice there’s plenty of overlap between them. Investing in climate opportunities can yield healthy financial returns and power the low-carbon […]
5 Key Considerations for Retail Companies to Enhance Climate Action
Retail is one the most important contributors to economic growth and development. The sector contributed approximately USD$20trn to the global economy in 2020 and is expected to grow to almost USD$30trn by 2025. The sheer volume of goods and products manufactured, stored, and distributed across retail supply chains also means that the sector will play […]
US Banks Take Part in Climate Scenario Analysis, UK Pension Funds to Adopt Alignment Metrics, and More
The top five climate risk stories this week Six US banks to take part in Federal Reserve climate scenario analysis Wall Street banks will undertake a “pilot climate scenario analysis exercise” in early 2023, the Federal Reserve announced Thursday. Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley, and Wells Fargo will all […]
How Financial Firms Can Navigate Climate Tipping Points
Climate risks will not obey a steady and predictable pattern as the world heats up. Beyond certain temperature thresholds, abrupt shifts in the climate system could occur with far-reaching consequences for the planet, the global economy, and human civilization itself. These “climate tipping points” (CTPs) complicate the climate risk management calculus. As the relationship between […]