With its myriad physical, regulatory, and market-based risks, ‘climate’ can no longer be simply the domain of CSR (corporate social responsibility) or ESG (environment, social, and governance) teams. Investors are increasingly looking for evidence that companies are integrating climate considerations into business decisions and future planning. At the same time, new disclosure requirements will put […]
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Few net-zero targets meet UN standards, 2023 “virtually certain” to be warmest year on record, and more
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. Over 1,000 companies set net-zero targets, but only 4% meet UN standards Data from Net Zero Tracker shows that over 300 more large companies have set net-zero targets since June 2022, […]
How to Build Climate Consensus in Four Easy Steps
Addressing corporate climate risks and opportunities is now too large of a task to be the sole domain of a single team. To effectively manage climate risks and opportunities, there needs to be buy-in and support from all levels of an organization. This is because the companies that succeed in managing and adapting to climate […]
UK told to adopt ISSB standards, Democrat urges SEC to implement climate disclosure rule, and more.
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. UK told to stick with ISSB standards for sustainability reporting The UK should adopt the International Sustainability Standards Board’s (ISSB) disclosure requirements without substantial changes, financial institutions and companies responding to […]
SEC Chair makes case for climate rule, and more
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. SEC chair promotes climate rule to corporates Securities and Exchange Commission (SEC) Chair Gary Gensler emphasized the importance of establishing clear climate risk disclosure rules for American companies at an event […]
European Parliament rebuffs bid to weaken sustainability reporting standards, and more
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. European Parliament rebuffs bid to weaken sustainability reporting standards The European Parliament rejected an effort by some lawmakers to water down the European Sustainability Reporting Standard (ESRS), which will be used […]
The 7 Steps to a Strong Climate Strategy
Building a comprehensive climate strategy is one of the most important actions a company can take to manage its climate-related financial risks and opportunities. While the best climate strategies are unique to an organization, all companies should follow these seven important steps when approaching climate management for the first time. 1. Identify climate-related risks and […]
Building Climate Resilient Portfolios: Considerations for Physical Risks
Discover the crucial role of climate risks in shaping investment strategies with Manifest Climate and Los Angeles Capital Management’s latest white paper. Learn how global warming pressures are impacting asset managers’ decision-making and why financial markets may be underpricing climate physical risks like extreme weather events, including floods and wildfires. Explore Los Angeles Capital Management’s […]
Climate Risk Regulation Rundown: August/September 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas On September 25, the US Securities and Exchange Commission (SEC) fined DWS Investment Management Americas, a Deutsche Bank majority-owned asset manager, USD$19 million for “materially misleading statements” concerning ESG investments. This marks the largest ESG-related enforcement action against an asset manager by […]
California enacts climate reporting laws, TCFD issues latest status report, and more.
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. California enacts landmark climate reporting laws California Governor Gavin Newsom signed two groundbreaking climate disclosure bills into law on Saturday, setting a precedent for climate reporting in the US. The first […]