Your investment manager is a PRI signatory, but do they understand climate change? If asset owners want to ensure their investments are climate resilient, having managers who are Principles for Responsible Investment (PRI) signatories is a good start but it’s not enough. Forward-looking asset owners are doing more on climate change—here’s how you can identify […]
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The State of Canadian Climate Disclosures
Climate-related financial disclosures by some of Canada’s largest companies are improving, but more work is required to boost the quality of disclosures and to align with industry best practices, according to a report Manifest conducted for the Chartered Professional Accountants of Canada. In 2019, CPA Canada commissioned Manifest to conduct a study of the climate-related […]
Climate Transition Increasing Risks for Unprepared Investors
The COVID-19 crisis is reinforcing for companies and investors the importance of preparing for global systemic risks. While it is difficult to foresee a global pandemic, investors should not be surprised when the well-documented risks of the global climate crisis impact their investment portfolios. In a recently published Manifest research paper for the University of British Columbia, […]
A US regulatory group asked the public for advice on tackling climate risks. Here’s what they said
Climate advocates and risk management experts give their two cents on the mission of the CFTC’s climate-related market risk subcommittee Last year, the Commodity Futures Trading Commission (CFTC) became the first US regulatory agency to set up a group dedicated to identifying and managing the climate risks threatening the financial system. Hotshots from the fields of […]
Federal LEEFF Program – How to Get Started on Disclosing your Climate Risk
We’ve put together some tips for businesses looking to commit to publishing climate-related financial disclosure reports as part of a new federal COVID-19 economic stimulus program providing bridge loans to big businesses. The Large Employer Emergency Financing Facility (LEEFF) program will “provide bridge financing to Canada’s largest employers, whose needs during the pandemic are not […]
Welcome Jeremy Greven as President
Message from our CEO Now, more than ever, innovative technology is needed to solve global challenges such as the COVID-19 pandemic and the ongoing climate emergency. We exist to help organizations understand and manage climate risk and opportunity and we need to scale to have a greater impact. To support this vision, I’m thrilled to […]
Top 3 Misconceptions About TCFD Climate Disclosures
One of the services Manifest provides is helping companies prepare climate disclosures aligned with the recommendations from the Task Force on Climate-related Financial Disclosures (TCFD). The TCFD recommendations provide companies with a framework to discuss their climate risks and opportunities under four themes: governance, strategy, risk management, and metrics and targets. Since the June 2017 […]
Updated Guidance Helps Limited Partners Implement Responsible Investing
Responsible investing is on the rise, however, investors face continuing challenges, including misconceptions, to implement responsible investing in private equity. A recently updated Principles for Responsible Investment (PRI) guide designed for limited partners – from venture capitalists to secondary investors – aims to address these challenges. Responsible investing is growing because of greater industry awareness and understanding of core environmental, […]
Climate Change Total Costs Comparable to Twice the COVID-Economic Hit Each Year Until 2100
As the world grapples with the social and economic fallout from the ongoing COVID-19 health crisis, evolving projections point to significant economic losses. The crisis may wipe out between $2-4 trillion from the global economy, possibly more if the crisis is not contained, the Asian Development Bank said. This is a devastating loss. In the midst […]
New EU Taxonomy Aims for a Rapid Increase in Sustainable Investing
Investor demand for sustainable investments is growing, but the exact definition of sustainable has traditionally relied on self-reporting or industry standards, creating confusion and a lack of traceability for investors. The new European Union taxonomy, released in early March, aims to assist investors and companies by providing a common language for sustainable activities. By providing a […]