The top five climate risk stories this week 1) OS-Climate unveils risk and investing tools A climate data initiative backed by Amazon, Microsoft, Goldman Sachs, and other major corporations on Wednesday debuted three new tools to help financial institutions facilitate the net-zero transition. OS-Climate, a non-profit set up by open source technology group the Linux Foundation, wants […]
Alex
How herd behavior could imperil the low-carbon transition
Financial stability risks could arise if banks and investors all take the same route to decarbonize their portfolios “When the herd moves, it moves.” UK Prime Minister Boris Johnson used this phrase in his July 7 resignation speech to describe how political support flooded away from him in the wake of one too many scandals. It is also […]
How the TCFD Stacks Up Against Other Sustainability Frameworks: A White Paper
There are plenty of sustainability frameworks for companies to adhere to when it comes to reporting their climate-related risks and opportunities. However, the Task Force on Climate-related Financial Disclosures (TCFD) ranks ahead of the others and is the gold standard when it comes to climate reporting. What are the most common sustainability frameworks? Our white […]
Money talks: How the emerging carbon market could help scale climate solutions
Your TCFD Journey in 3 Steps
The Task Force on Climate-related Financial Disclosures (TCFD) is a globally recognized framework that allows businesses to identify, manage, and respond to their climate-related risks and opportunities. The framework has broad buy-in from policymakers, world leaders, investors, and activists. Endorsed by the G20, many jurisdictions — including Canada, the US, and the European Union — […]
Weekly round-up: July 11-15
The top five climate risk stories this week 1) Republican officials threaten SEC climate rule Attorneys general from 24 Republican states are threatening legal action against the US Securities and Exchange Commission (SEC) if it proceeds with a climate risk disclosure rule for public companies. In a new comment letter sent to the Commission on Wednesday, the […]
Homemade innovation: Canadian tech leaders share what drives them
Climate Change and Banks: How Banks are Building Climate Resilience
July 12th, 2022 Banks are under increasing pressure from investors, activists, and supervisors to develop climate risk management capabilities. They are also more focused than ever on climate risks and opportunities because of forthcoming regulations mandating reporting aligned with the Task Force on Climate-related Financial Disclosures (TCFD). In this discussion with Mary Obasi, Global Head […]
Weekly round-up: July 4-8
The top five climate risk stories this week 1) EU bank losses from climate shocks could hit €70bn European lenders face €70 billion of losses from an abrupt spike in carbon prices and a series of natural disasters, the results of the European Central Bank’s (ECB) first supervisory climate stress test show. Officials say this figure may […]
Has the backlash against financed emissions begun?
Climate finance tastemakers are pushing for financial institutions to put real-economy emissions reductions at the heart of their net-zero strategies “Financed emissions” are no longer in vogue. Last year, they were all the rage. The Net Zero Banking Alliance (NZBA), launched in April 2021, bounds its members together with a shared commitment to transition all the emissions […]