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 […]
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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 […]
Why the EU’s systemic buffer isn’t fit to tackle bank climate risks
European financial authorities are talking up the potential of the systemic risk buffer to capture physical and transition risks, but the tool has its shortcomings Bank regulators must be fond of capital buffers. Otherwise they wouldn’t have so many in their rulebooks. In Basel III — the incoming global regulatory framework defined by the Basel […]
Brand Watch: Under the spotlight as never before, companies turn to AI to get their numbers right
The mining industry needs to do a better job telling its story on climate-related risks and opportunities
Weekly round-up: May 2-6
The top five climate risk stories this week 1) Wells Fargo sets portfolio emissions targets Wells Fargo published 2030 portfolio emissions targets on Wednesday, the last of the major Wall Street banks to do so. The San Francisco-based lender set targets for two sectors: oil and gas and power. It intends to cut absolute emissions in […]
Managing Climate Risks for Credit Unions
As climate change continues to impact the world, there is a growing recognition that physical and transition risks threaten credit unions and the wider financial system. Credit unions need to be aware of these risks and opportunities and incorporate them into their business and financial decision-making. Stakeholder awareness of these risks has grown substantially over […]
Climate risk regulation rundown: April 2022
What happened in climate-related financial regulation last month, and what’s coming up Lael Brainard was confirmed by the US Senate as the next Vice Chair of the Federal Reserve on April 26. Brainard has served as a Fed Governor since 2014, and previously worked as Under Secretary of the US Treasury Department. In recent years, Brainard has […]
Weekly round-up: April 25-29
The top five climate risk stories this week 1) UK taskforce to develop “gold standard” for transition plans The UK government launched a Transition Plan Taskforce (TPT) on Monday to direct companies on developing and implementing effective decarbonization strategies. Over a two-year period, the TPT will develop recommendations for a ‘Transition Plan Disclosure Framework’ that UK publicly […]