The top five climate risk stories this week 1) SEC proposes climate risk disclosure rule Publicly listed companies in the US would have to report their greenhouse gas emissions and detailed information on their climate risks under a proposed rule issued by the Securities and Exchange Commission (SEC) on Monday. The 510-page proposal follows years of campaigning […]
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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 […]
Weekly round-up: March 14-18
The top five climate risk stories this week 1) Climate hawk Raskin withdraws as Fed nominee Sarah Bloom Raskin, President Biden’s pick to serve as the Federal Reserve’s top bank regulator, withdrew from consideration on Tuesday in response to senators’ objections to her stance on climate risks to the financial system. On Monday, Senator Joe […]
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 […]
Weekly round-up: March 7-11
The top five climate risk stories this week 1) Canadian banks set financed emissions targets Banks among Canada’s ‘Big Five’ followed the example of their US and UK peers by rolling out plans for decarbonizing their loan portfolios. TD Bank — Canada’s biggest lender with CAD$1.73 trillion in assets — announced emissions reduction targets on Wednesday. The firm set a […]
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 […]