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 […]
Alex
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 […]
Study of Climate-Related Disclosures by Canadian Public Companies
The Chartered Professional Accountants of Canada (CPA Canada) commissioned Manifest (formerly Mantle314) to conduct a study of the climate-related disclosures provided by 40 TSX-listed companies in their regulatory and voluntary reporting, while assessing alignment with the TCFD recommendations. This reports build off of a similar report by Manifest for CPA Canada looking at disclosures in 2016. […]
How to Manage your Company’s Climate Risks and Harness Opportunities
Over the next 20 years, we will experience receding ice cover, heatwaves, rising sea levels, wildfires, storm surges and other extreme weather events. These climate impacts could cause significant losses, damage, or disruptions to our food systems, drinking water, infrastructure, and the energy systems that fuel our modern lives. They may also disturb our forests and ecosystems, […]
Time for a Bold Response to our Converging Health and Climate Emergencies
The current COVID-19 health crisis portends a future with increased climate-related disruptions where multiple shocks occur causing significant impacts to systems and economies. This experience has highlighted resiliency gaps across businesses, governments and institutions. At the same time, seeing how the global community, businesses, and citizens have come together to mitigate a collective risk that […]
BlackRock’s Climate Warning Needs to Match their Climate Actions
BlackRock CEO Larry Fink’s latest annual letter to CEOs “A Fundamental Reshaping of Finance” immediately made waves in the financial community and the media because of its urgent call for all companies to recognize and account for the risks of climate change. The letter said the failure to account for these risks would put billions […]
What ESG and climate mean to portfolios
2019: The Year that Changed the Climate of Climate Change
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 […]
Sea-Level Rising: The Accelerating Wave
Sea level rise is occurring faster than expected, impacting millions in the coming decades and potentially locking in irreversible changes for centuries to come, says the latest UN climate report. While there is uncertainty in the number of people impacted and how quickly these impacts will be felt, new science reveals that current projections for […]
Where Could a Minority Parliament Find Common Ground?
With Canada’s federal election now complete, the focus is turning towards what the next government will look like. For the first time in more than a decade, no party won a majority of seats. There are many unanswered questions about what a new government will look like and how the different parties will (or won’t) […]