Prudential frameworks are ill-suited to weighing the relative risks of green and non-green assets Bankers are floundering in their search for climate risk differentials — the great white whale of climate finance. Finding these differentials could help justify the introduction of ‘green supporting factors’ (GSF), which lower capital requirements for climate-friendly assets, and ‘brown penalizing […]
Alex
Climate Trends: Strengthening Transition Plans Climbs to the Top of the Regulatory Agenda
A transition plan is the backbone of an organization’s climate strategy as it sets out how a company, public body, or financial institution intends to adapt to a low-carbon economy. Organizations that make climate commitments — like greenhouse gas (GHG) emissions reduction targets — and don’t produce transition plans are failing their stakeholders. This is […]
TCFD – What Does Good Look Like?
The Task Force on Climate-related Financial Disclosures is the world’s premier framework for reporting climate risks and opportunities. It’s won the support of more than 3,400 organizations in over 95 jurisdictions and is being used by a number of regulatory authorities as the foundation for mandatory climate disclosure requirements. The 11 TCFD recommendations, organized across […]
How Climate Tech Enables the Climate Transformation
Manifest Climate’s CEO and Co-Founder, Laura Zizzo, spoke at the Sustainable Investment Forum Europe 2022 about how climate tech can foster climate transformation. The conversation covered everything from firms’ climate journeys to technology’s role in supporting and promoting them. Here are some key takeaways: Leaders need to ask the right climate-related questions In today’s complicated […]
Climate risk regulation rundown: May 2022
What happened in climate-related financial regulation last month, and what’s coming up The US Securities and Exchange Commission (SEC) extended the public comment period for its proposed rule on climate risk disclosures to June 17. This followed comments from stakeholders arguing that the original 39-day comment period was too short to consider a rule of this magnitude. On May […]
Reflections on the BoE’s climate stress test
The Climate Biennial Exploratory Scenario exercise is over. But the debate over what the results mean for banks, supervisors, and the UK financial system has just begun All the way back in December 2019, before most of the world had heard of a disease called COVID-19, the Bank of England (BoE) announced it would conduct […]
How Businesses Can Cut Through the Noise of Climate News
The firehose of climate news is often difficult for companies to interpret for decision-useful information. From scientific and regulatory developments to updates on global climate commitments, new standards, initiatives, and company announcements, corporate leaders need to stay on top of what’s happening in order to make informed business decisions. But with the constant flow of […]
Here’s how to run asset-level climate physical risk assessments
A recent academic paper proposes a five-step methodology for measuring how climate impacts to physical assets can inflict losses on financial institutions Climate physical risks are all over the headlines. On Monday, data released by the nonprofit First Street Foundation showed that half of all addresses in the lower 48 US states are exposed to wildfire […]
Climate Basics for ESG Professionals: Gaining Positive Engagement Rather than Reluctant Compliance
May 18th, 2022 In this webinar, we tackle how ESG professionals can gain positive engagement on climate in a manner that is not forced. After all, if you want the best outcomes in your climate journey, reluctant compliance is simply not enough Sign up below to watch our discussion. Don’t be left behind. We’ll help […]
Narrating a Better Climate Story for the Mining Sector Podcast
The mining landscape is quickly changing as it pertains to climate issues making it hard to keep up. Manifest Climate has found that less than half of major mining companies are disclosing their climate-related opportunities while 90% are discussing their climate-related risks. Why is this the case and how can mining companies do better on […]