November 3 was ‘Finance Day’ at COP26. Appropriately, much of the media spotlight that day was taken up by the Glasgow Financial Alliance for Net Zero (GFANZ), an umbrella group of six sectoral climate alliances and initiatives covering around 300 banks, insurers, asset managers, and asset owners. Set up in April this year by Mark […]
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What will make for a successful COP26 from Canada’s perspective?
How The High Ambition Coalition at COP26 is Setting the Pace for Climate Action
What is the High Ambition Coalition? The High Ambition Coalition (HAC) is an informal alliance of countries within the UN Framework Convention on Climate Change (UNFCCC), set up to promote strong climate action. Established by The Republic of the Marshall Islands in the lead-up to COP21 — the summit that produced the Paris Agreement — […]
Finance takes centre stage at COP26 climate conference in Glasgow
How COP26 Could Transform Business
The UN’s annual flagship meeting on climate change, which kicked off this week, could yield major agreements on net-zero emissions targets, climate finance, carbon trading, and more. All could change the ways in which companies do business What is COP26? The signatories to the United Nations Framework Convention on Climate Change (UNFCCC) gather annually to […]
What makes a ‘good’ transition plan?
A new framework by the Climate Safe Lending Network doesn’t sugarcoat the challenges facing banks when it comes to developing net zero transition plans There’s a crude adage popular with the military known as ‘The 7Ps’ : “Proper Prior Planning Prevents Piss Poor Performance”. It conveys an important truth which banks are being forced to […]
CSA Proposes Mandatory TCFD-aligned Reporting Rules
Corporate leadership on climate has never been more vital. The Government of Canada endorsed the Task Force on Climate-related Financial Disclosures (TCFD) in 2019 and took steps to promote its adoption across the country. On October 18, the Canadian Securities Administrators (CSA) — the umbrella organization of Canada’s provincial and territorial securities regulators — published […]
TCFD 103: How to Get Climate Metrics and Targets Right
October 19, 2 pm EDT In August, we hosted a 101 session on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). In September, we took a closer look at the form and function of the TCFD, focusing on the first three pillars: governance, strategy, and risk management. In October, we present the […]
Manifest Climate: Top 20 Clean Tech Start-Up
Getting it Right: How to Measure Climate Change Risks Effectively
In the market today, climate metrics, and targets based on these metrics, are the most underutilized and underreported pillar of the Task Force on Climate-related Financial Disclosures (TCFD). In fact, a survey the TCFD ran in 2019 found that 75% of supporters found implementing these recommendations somewhat or very difficult. Both non-financial and financial companies […]