A new study by the International Swaps and Derivatives Association suggests market risk rules unfairly penalize carbon trading Carbon markets yo-yoed dramatically in the wake of Russia’s invasion of Ukraine. Futures on European Union Allowances (EUA), the derivatives contracts that facilitate the trading of greenhouse gas emissions in the EU, tumbled 29% from February 28 […]
Alex
How the ISSB Standards Could Transform Sustainability Reporting: A White Paper
The International Sustainability Standards Board (ISSB) released draft sustainability- and climate-related disclosure standards on March 31, 2022. These standards have the potential to become the baseline for corporate reporting around the world and to dramatically increase investors’ understanding of climate-related risks and opportunities. Our white paper describes the ISSB’s origins and purpose, as well as […]
Weekly round-up: April 18-22
The top five climate risk stories this week 1) GFANZ pressured to raise climate ambitions Strong leadership is needed to stop the Glasgow Financial Alliance for Net Zero (GFANZ) from becoming a “smokescreen” to mask inaction by banks, asset managers, and asset owners on decarbonization, climate groups say. In a letter sent Thursday, on the first anniversary […]
Why Climate Governance is Critical to Drive Climate Action
April 20th, 2022 In this webinar, we discuss how many boards still struggle when it comes to climate change. That’s why it’s so important that they begin their climate journey with a well-thought-out and clearly articulated governance process in place. Sign up below to watch our discussion. Don’t be left behind. We’ll help you See […]
What the Proposed SEC Climate Rule Means (and Doesn’t Mean) for REITs
Download our white paper as we provide an overview of the proposed rule and how it could forever change how US-listed companies assess, manage, and disclose their climate-related risks. On March 21, the US Securities and Exchange Commission (SEC) released its long-awaited proposed rule for mandatory climate disclosure for issuers. The 500+ page document outlines […]
US regional banks team up to tackle climate risk
The Risk Management Association’s new consortium could reduce the climate change learning curve for smaller lenders Wall Street does not have a monopoly on banking in the US. While the biggest lenders hog the headlines, thousands of smaller entities quietly provide critical financial services to communities and companies all across the country. By one measure, […]
Climate is Beyond ESG
A summarized version of this blog can be found here. Environmental, Social and Governance (ESG) and climate considerations are regularly conflated, but there are important distinctions and connections between the two. In this blog we take a step back and lay out the differences between ESG and climate, and their connections with the Task Force […]
Lead with Climate: A Primer on ‘Climate, ESG, and the TCFD’
A more detailed version of this blog can be found here. Today’s investors have to understand how businesses are impacted by Environmental, Social, and Governance (ESG) and climate-related risks and opportunities if they are to make wise decisions. While ESG and climate are often conflated by companies and external stakeholders alike, there are important distinctions […]
Weekly round-up: April 11-15
The top five climate risk stories this week 1) Standard-setter launches net-zero target setting effort Financial institutions may soon have a new blueprint for setting credible net-zero targets. On Wednesday, the Science Based Targets Initiative (SBTi) released a “foundation paper” to help banks, asset managers, and other firms establish “quantitative net-zero targets linked with emissions reductions in […]
How to tackle net-zero target arbitrage
Many financial institutions have rolled out portfolio decarbonization goals. But the differences between them could be ‘gamed’ by carbon-intensive companies Net-zero target setting is all the rage in the financial sector. In recent weeks, four of the five largest Canadian banks have rolled out targets for select portfolios, while the laggard — Royal Bank of […]