Intensifying climate risks are already pushing the limits of nature and humanity and threaten to surpass the world’s ability to adapt if greenhouse gas emissions aren’t immediately reduced, according to the second part of the Intergovernmental Panel on Climate Change’s (IPCC) latest assessment report, published Monday. The 3,675-page paper represents “an atlas of human suffering […]
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Transition Tools for the Mining Sector Podcast
The global mining sector is grappling with the rapidly changing climate landscape. Now more than ever the industry is asking itself: How do we join the decarbonization movement? How do we operate and thrive within a new climate reality and the shift towards a low carbon economy? Manifest Climate provides the right mix of tools […]
Why Continuous Climate Education is Important for Businesses
Climate education has become increasingly relevant for businesses as governments around the world increase their focus on climate policies and regulations. In order to get and stay ahead, companies must be able to identify the systemic adjustments that are needed to tackle climate change. In turn, employees must also understand how to apply climate intelligence […]
Pillar politics: which part of the Basel framework is best for tackling climate risks?
Two recent papers offer contrasting views on Pillar 1 and Pillar 2 as tools for addressing banks’ exposures to climate risk Three ‘Pillars’ undergird the global banking rules known as the ‘Basel framework’: Pillar 1 covers rules on minimum loss-absorbing capital requirements for all lenders; Pillar 2, supervisory review measures, which include firm-specific capital add-ons […]
Weekly round-up: February 21-25
The top five climate risk stories this week 1) HSBC sets portfolio emissions targets The UK’s largest bank released its blueprint for cutting emissions linked with two carbon-intensive portfolios. On Tuesday, HSBC said it is targeting a 34% reduction in the absolute financed emissions of its oil and gas exposures and a 75% cut in the […]
Weekly round-up: February 14-18
The top five climate risk stories this week 1) Banks, lobby groups caution OCC on climate risk guidance Respondents to a US bank regulator’s consultation on climate risk management principles say these should not place limits on lenders’ financing activities or alter their capital planning. The Office of the Comptroller of the Currency (OCC) issued draft […]
TCFD Strategy White Paper – What Does Good Look Like
A good climate strategy is just good business. An organization with a well-developed climate strategy is able to address climate-related risks and leverage climate-related opportunities. Getting your strategy right can be the difference between success and failure in the face of great change. In this white paper we illustrate the value of developing the right […]
Why financial institutions are still lagging on climate risk management
A recent study suggests that resource constraints, concerns over regulation, and the allure of climate opportunities may all be slowing firms’ work on risk management European banks received an unwelcome Valentine’s Day gift earlier this week courtesy of UK nonprofit ShareAction, which published a damning breakdown of their ongoing financing of the fossil fuel industry. This revealed […]
Climate Basics 101: Tackling Physical and Transition Risks for Businesses
February 16th, 2022 In this webinar, we talk about how climate change presents real physical and transitional risks to every business. Join this interactive conversation where we tackle climate fundamentals, debunk myths, and breakdown jargon. Sign up below to watch our discussion. Don’t be left behind. We’ll help you See Beyond! Watch webinar Presented by:
How to Use TCFD to Build Investor Confidence
Climate change is rapidly rising on the agenda of major investors around the world. Pension funds, asset managers and other major capital allocators have recognized the financial materiality of the risks and opportunities associated with the transition to a net-zero economy and the physical impacts of a warming world. For investors, these financial impacts manifest […]