July 6th, 2022 In this webinar, we provide an overview of the climate risk guideline and what it means for Canada’s federally regulated financial institutions. Panelists discussed how companies can prepare to meet the supervisor’s expectations for Climate Risk Management and what tools and processes they should draw on to ensure they are fully aligned […]
Alex
The SEC Climate Disclosure Rule Should Align with the TCFD, Say US Companies
Over the last three months, hundreds of organizations and individuals have submitted comments to the US Securities and Exchange Commission (SEC) on its proposed climate risk disclosure rule. Many have made clear that they want it to align closely with the reporting framework established by the Task Force on Climate-related Financial Disclosures (TCFD). The SEC […]
Weekly round-up: June 27 – July 1
The top five climate risk stories this week 1) US agencies making headway on climate risk — Ceres Nine US financial regulators have made “tremendous progress” addressing climate risk over the last 14 months, sustainability nonprofit Ceres says. In an updated scorecard released Monday, Ceres showed that the agencies have collectively taken 230 public actions on climate […]
Climate risk regulation rundown: June 2022
What happened in climate-related financial regulation last month, and what’s coming up The US Securities and Exchange Commission (SEC) is investigating Goldman Sachs Asset Management (GSAM) over mutual funds that incorporate ESG investing criteria, the Wall Street Journal reported on June 10. The probe may not necessarily result in enforcement action. A spokesperson for Goldman Sachs told trade publication Environmental […]
Weekly round-up: June 20-24
The top five climate risk stories this week 1) EU banks to meet climate risk expectations by 2024 Firms should be in alignment with the European Central Bank’s (ECB) climate risk management expectations by 2024, a senior official has said. In a speech on Wednesday, Frank Elderson — Vice-Chair of the Supervisory Board at the ECB — […]
Laura Zizzo on the important role climate tech will play in supporting the global climate response
Wall Street takes on the SEC’s climate disclosure rule
Lobbyists see plenty wrong with the US regulator’s proposal to mandate climate risk reports Wall Street isn’t a fan of the climate risk disclosure proposal from the US Securities and Exchange Commission (SEC). Quite the opposite, in fact. Comment letters sent by bank lobby groups to the SEC are loaded with criticisms and calls for […]
Weekly round-up: June 13-17
The top five climate risk stories this week 1) Basel Committee finalizes climate risk checklist Global regulators published Wednesday a list of principles on tackling climate-related financial risks for banks and their watchdogs. The guidance, made up of 12 principles for lenders and six for supervisors, covers how climate change should be factored into firms’ corporate governance, […]
GFANZ gets serious
The umbrella group of climate finance alliances has rolled out what could be a game changing new framework on transition plans Yesterday marked what could be a decisive turning point in the effort to marshal financial institutions in support of net-zero emissions goals. First, the UN-backed ‘Race to Zero’ (RtZ) campaign — an over 10,000 strong coalition […]
