Climate risks will not obey a steady and predictable pattern as the world heats up. Beyond certain temperature thresholds, abrupt shifts in the climate system could occur with far-reaching consequences for the planet, the global economy, and human civilization itself. These “climate tipping points” (CTPs) complicate the climate risk management calculus. As the relationship between […]
Role: Corporate Sustainability
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. […]
Yes, the FSOC *is* a tool to address climate change
The regulatory body has an explicit duty to respond to emerging threats to the stability of the US financial system. Climate change is one such threat. US financial regulators have been playing catch up on climate risk for much of President Biden’s time in the White House. By some measures, they have made good progress since […]
How herd behavior could imperil the low-carbon transition
Financial stability risks could arise if banks and investors all take the same route to decarbonize their portfolios “When the herd moves, it moves.” UK Prime Minister Boris Johnson used this phrase in his July 7 resignation speech to describe how political support flooded away from him in the wake of one too many scandals. It is also […]
Wall Street takes on the SEC’s climate disclosure rule
Lobbyists see plenty wrong with the US regulator’s proposal to mandate climate risk reports Wall Street isn’t a fan of the climate risk disclosure proposal from the US Securities and Exchange Commission (SEC). Quite the opposite, in fact. Comment letters sent by bank lobby groups to the SEC are loaded with criticisms and calls for […]
Manifest Climate has been selected to join Unreasonable CHANGE, a new strategic collaboration between Accenture and Unreasonable, to support entrepreneurs building solutions to global sustainability challenges.
Unreasonable CHANGE is a three-year strategic collaboration, built on the shared belief that supporting social entrepreneurs innovating for a sustainable future, is not only a moral imperative but also an unprecedented business opportunity. Together, Accenture and Unreasonable believe that the level of systemic change we need to create a sustainable future is only possible through […]
Here’s how to run asset-level climate physical risk assessments
A recent academic paper proposes a five-step methodology for measuring how climate impacts to physical assets can inflict losses on financial institutions Climate physical risks are all over the headlines. On Monday, data released by the nonprofit First Street Foundation showed that half of all addresses in the lower 48 US states are exposed to wildfire […]
Narrating a Better Climate Story for the Mining Sector Podcast
The mining landscape is quickly changing as it pertains to climate issues making it hard to keep up. Manifest Climate has found that less than half of major mining companies are disclosing their climate-related opportunities while 90% are discussing their climate-related risks. Why is this the case and how can mining companies do better on […]
The ISSB’s Disclosure Standards: An Evolution in Sustainability and Climate Reporting
May 11th, 2022 In this webinar, we discuss the disclosure requirements included in the ISSB standards, the points of comparison and contrast with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), and how the standards could facilitate the harmonization of sustainability- and climate-related reporting across jurisdictions. Sign up below to watch our […]
Managing Climate Risks for Credit Unions
As climate change continues to impact the world, there is a growing recognition that physical and transition risks threaten credit unions and the wider financial system. Credit unions need to be aware of these risks and opportunities and incorporate them into their business and financial decision-making. Stakeholder awareness of these risks has grown substantially over […]