The top five climate risk stories this week 1) Climate risks could slash UK bank profits — BoE UK financial institutions could see their annual profits cut by 10-15% on average because of climate risks, the results of the Bank of England’s (BoE) inaugural climate stress test show. The central bank said the findings, released Tuesday, “could […]
Alex
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 […]
Weekly round-up: May 16-20
The top five climate risk stories this week 1) Green capital adjustments lack supporting data — NGFS There is scant evidence to justify “green supporting” or “brown penalizing” factors to bank capital requirements, the Network for Greening the Financial System (NGFS) says. The club of climate-focused central banks and supervisors released a report on Thursday summing up […]
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 […]
Climate Basics: Six Key Takeaways
This blog is based on a Manifest Climate webinar that was moderated by our CEO and co-founder Laura Zizzo and in conversation with climate strategists Adam Rochwerg and Peter Coxford. 1. Climate change is the greatest economic risk to society The risks of climate change have become so severe, influencing everything from natural ecosystems, to […]
Weekly round-up: May 9-13
The top five climate risk stories this week 1) UK consults on transition plans for companies A UK taskforce launched a consultation Wednesday on a “Sector-Neutral Framework” for company-level transition plans. The Transition Plan Taskforce (TPT), which was set up on April 25 by the UK Treasury, says the framework will help companies “develop standardised and […]
The ISSB’s Disclosure Standards: An Evolution in Sustainability and Climate Reporting
May 11th, 2022 In this webinar, we discuss the disclosure requirements included in the ISSB standards, the points of comparison and contrast with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and how the standards could facilitate the harmonization of sustainability- and climate-related reporting across jurisdictions. Sign up below to watch our […]