December 9, 2020 Every business knows that the future holds both risks and opportunities. But how will those be different in a climate-changed world? The Task Force on Climate-related Financial Disclosures (TCFD) poses this question so that investors can start taking the impact of climate change into account. It also asks to start disclosing this […]
Alex
Little banks, big issues: why climate disclosure challenges Europe’s minnows
Resource constraints and a lack of incentives are two obstacles. But small lenders shouldn’t let these stymie their efforts As scorecards go, it was dismal. The European Central Bank (ECB) polled its supervisees on their disclosure of climate-related and environmental risks as of 2020. Overall, 125 banks were assessed. Just 3% were found to disclose […]
Canada Commits to Net-Zero in New Legislation
Risk management, a national strategy and plan, oversight and governance, transparent metrics and targets – Canada now has a proposed legal framework for meeting our global climate commitments; and it looks rather like the recommendations of the Task-Force on Climate-Related Financial Disclosures (TCFD). Today, Canada’s federal government tabled long-awaited legislation outlining a roadmap for meeting […]
Climate-related disclosure should start with governance
Unite or die: the UN Principles for Responsible Banking one year on
Toothless talking shop or shadow standard-setter? On September 22, 2019, 132 banks came together to launch the UN Principles for Responsible Banking (PRB). The initiative, encompassing lenders of all kinds and sizes from around the world, was trumpeted as the means by which banks would contribute to the fulfillment of both the Paris Agreement and […]
Beyond PRI: How (and Why) to Become a Climate Leader
Asset managers have flocked to become members of the Principles for Responsible Investment (PRI). With climate change rising up the agenda, how will you stand out? Over the last decade, responsible investment has moved from fringe to mainstream. Asset managers have responded to new market dynamics and reassessed their investment processes to understand how ESG factors […]
2020 Teaches Pension Fiduciaries to Prepare for Climate Change
Like the COVID-19 pandemic, climate-related events have the potential to impact pension investments and funding obligations, as well as day-to-day plan operations. The adversity that administrators have adapted to this year can provide lessons for building more resilient governance structures for retirement plans. 2020 has made us look more broadly at external risks that can […]
The Evolving Governance of Corporate Climate Risk
August 20, 2020 Our climate governance experts discuss how progressive companies and their boards are managing the physical, liability and transition risks of climate change. It’s no longer just “nice” to have board competence on climate change, now every reasonably prudent director and manager should have a basic understanding of climate risks and opportunities. Tune […]
Achieving Paris-Alignment: New investor initiative provides blueprint for net-zero alignment
A growing trend in the market amongst climate-aware institutional investors is a commitment to align their investment portfolios with the Paris Agreement, and contribute towards the goal of net-zero global emissions by 2050. To help investors achieve these objectives, the Institutional Investors Group on Climate Change’s (IIGCC) Paris Alignment Investment Initiative, supported by 70 European investors […]
Top 5 Takeaways from PRI’s First Year of Mandatory TCFD Reporting
PRI’s first year of mandatory climate reporting has shed light on the quality of disclosures by its investor signatories – asset owners and investment managers. One-fifth of these signatories chose to make their disclosures public and a quarter carried out scenario analysis. Non-European players were among the top 10 markets reporting on climate-related indicators. While […]