Regulators are pushing ahead with mandatory climate-related disclosure requirements, but how can they ensure banks’ reports aren’t full of ‘white noise’? There’s no denying it — banks’ climate-related disclosures are getting bigger. But are they getting better? The European Central Bank’s (ECB) latest stocktake on the substance and quality of such disclosures suggests not. The exercise, which […]
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TCFD Metrics and Targets White Paper – What Does Good Look Like?
There’s never been more attention on net-zero goals and decarbonization, which is why companies’ emissions targets and their processes for tracking them matter. While the metrics and targets pillar of the Task Force on Climate-related Financial Disclosures (TCFD) focuses on emissions, it also looks at a number of other critical climate-related metrics. Using real-world examples, […]
The TCFD Amidst a Sea of Regulations and Frameworks
March 23rd, 2022 In this webinar, we review the TCFD’s eleven recommendations and compare them to other frameworks and regulations like IR, SASB, CDP, GRI, CDSB. Level up with us, and learn why the TCFD is the most adequate framework for companies keen to surface climate risks and seize climate opportunities. Sign up below to […]
What’s in the SEC’s New Climate Disclosure Rule Proposal
On March 21, the US Securities and Exchange Commission (SEC) ushered in a new era of climate risk disclosure for publicly-traded companies, which Manifest Climate explores in its latest white paper. In a 3-1 vote, the agency’s commissioners approved a 510-page proposed rule that would require companies listed on any US stock exchange to incorporate […]
Climate Risks, TCFD, and REITs
In his 2021 annual letter to CEOs, BlackRock CEO Larry Fink stated that “no issue ranks higher than climate change on our clients’ lists of priorities. They ask us about it nearly every day.” He then proceeded once more to call for the companies the firm invests in to report their climate risks and opportunities […]
Three takeaways from banks’ latest financed emissions disclosures
Increasing numbers of banks are reporting data aligned with the Partnership for Carbon Accounting Financials standard Climate data aficionados had much to celebrate in the latest round of disclosures from major banks. Annual climate-related reports from Wall Street lenders to rural credit unions came packed with information on their climate risks, opportunities, and transition plans. […]
Why Is the TCFD Important for Businesses and Climate Action?
The Greater Value of the TCFD Recommendations We know the Task Force on Climate-related Financial Disclosures (TCFD) matters for disclosure. Why? The set of recommendations has broad buy-in from policymakers, world leaders, investors, and activists. It’s legitimately seen as the best way to learn more about businesses and their climate integration. The TCFD has quickly […]
The TCFD’s ‘carbon-related assets’ metric got a makeover in 2021. But is it any better now?
Expanding the definition has brought more assets in scope, but sheds no light on the relative riskiness of different exposures When the Task Force on Climate-related Financial Disclosures (TCFD) updated its implementation guidance last year, it promoted a host of new and repackaged climate metrics to the financial sector. One metric favored by the TCFD in […]
TCFD Risk Management White Paper – What Does Good Look Like
In today’s climate landscape, climate risks are business risks. That’s why the risk management pillar of the Task Force on Climate-related Financial Disclosures (TCFD) tackles how an organization identifies, assesses, and manages climate risks and how those risks relate to an organization’s other business risks. It gives an organization the opportunity to demonstrate to investors […]
How Manifest Climate is Helping Leaders Take Effective Climate Action
In this Kindred interview, Manifest Climate CEO and co-founder Laura Zizzo discusses how her firm is helping leaders take effective and substantial climate action by embedding it in their businesses’ processes. She also reveals the many opportunities inherent in today’s climate transformation that organizations can make the most of if properly trained and emphasizes the […]