Businesses should embrace climate risk planning to avoid financial losses and maximize opportunities. An essential part of this process is bringing transparency to the material climate issues they face through clear, comprehensive, climate-related disclosures. The retail sector faces many climate risks and opportunities. Investors in retail companies want to understand how these are being managed […]
Product Trend: Product Trend
Emissions Reporting is About More Than Numbers
International climate action must be guided by clear, credible data. When it comes to climate mitigation targets, this means accurate greenhouse gas (GHG) emissions accounting and verification. There’s a lot more to producing high-quality emissions disclosures than crunching numbers, however. Organizations have to set up policies and processes for gathering emissions data from across business […]
Closing the ‘Say-Do’ Climate Gap
Companies are touting their climate credentials in increasing numbers, with many disclosing plans that show their commitments to a green, climate-safe world. In its recent status report, the Task Force on Climate-related Financial Disclosures (TCFD) — the world’s premier climate reporting framework — found that around half of the 1,400 companies it reviewed included information […]
How Regulation Can Encourage Climate Action
As the low-carbon transition accelerates, more companies are considering climate change in their operations and decision-making. Part of this shift is due to regulation. In many jurisdictions, governments are requiring businesses to disclose climate-related information in their periodic filings. Climate-related disclosures inform companies’ key stakeholders of how they’re approaching the challenges and opportunities related to […]
The Investment Case for Climate Opportunities
While asset managers are in the business of growing their clients’ wealth, they’re also increasingly being asked to support climate goals. On paper these two objectives may appear at odds with one another, but in practice there’s plenty of overlap between them. Investing in climate opportunities can yield healthy financial returns and power the low-carbon […]
5 Key Considerations for Retail Companies to Enhance Climate Action
Retail is one the most important contributors to economic growth and development. The sector contributed approximately USD$20trn to the global economy in 2020 and is expected to grow to almost USD$30trn by 2025. The sheer volume of goods and products manufactured, stored, and distributed across retail supply chains also means that the sector will play […]
How to Kick-Start a Climate Action Plan
Companies big and small are thinking about producing climate action plans. Some are under pressure to do so from regulators or shareholders, while others are being encouraged by large companies in their value chains. Many more businesses may be driven by their values or by more prosaic concerns, like protecting themselves from climate-related financial risks. […]
An Economic Slump is No Reason to Skimp on ESG
High inflation and slow economic growth have darkened the outlook for businesses. Big and small companies face higher costs and lower profits, and many are reviewing their expenditures to see where they can save. A recent survey found that investments for improved sustainability and reduced environmental impact are among the most likely to be cut […]
What OSFI’s Draft Climate Risk Guideline Means for Canadian Financial Institutions
On May 26, Canada’s federal financial regulator released a draft guideline that outlines how nationally regulated financial firms should both manage and disclose their climate risks. As part of the draft guideline, the Office of the Superintendent of Financial Institutions (OSFI) lays out six climate governance and risk management principles, as well as six climate-related […]
Your TCFD Journey in 3 Steps
The Task Force on Climate-related Financial Disclosures (TCFD) is a globally recognized framework that allows businesses to identify, manage, and respond to their climate-related risks and opportunities. The framework has broad buy-in from policymakers, world leaders, investors, and activists. Endorsed by the G20, many jurisdictions — including Canada, the US, and the European Union — […]