As ESG disclosures move from voluntary to mandatory, the role of the ESG auditor is now in the spotlight. Companies that provide ESG auditing and assurance services are no doubt seeing more client requests than ever before, but can they keep up with the demand? Faced with assessing compliance across a broad array of concerns […]
Use Case: Benchmarking
Manifest Climate helps Ceres make sense of climate data to drive change
Ceres Accelerator for Sustainable Capital Markets is a nonprofit advocacy organization working to accelerate the transition to a cleaner, more just, and sustainable economy. The organization works with companies, investors, policymakers and regulators to educate, advocate, and investigate opportunities and challenges in the net zero transition. Ceres reached out to Manifest Climate for a unique […]
A Buyer’s Guide to Climate Intelligence Software
Whether you’re part of a sustainability, finance, risk, or consulting team, managing climate risk and seizing climate opportunities requires the right information. The climate landscape is dynamic and constantly evolving, making it impossible for your in-house team to keep up alone. This guide will help you navigate the complex world of climate intelligence tools, ensuring […]
Developing a Credible Climate Transition Plan
Unlock the secrets of effective climate action. While over 3,000 organizations commit to science-based targets for reducing greenhouse gas emissions, most lack credible plans to achieve these goals. This white paper reveals that only half of reviewed companies have published climate transition plans, with just 12% discussing impacts on resource allocation and business strategy. This […]
What is the TNFD and how does it Fit into Climate Reporting?
Business risks and opportunities are shaped by all kinds of factors. A key development over the last decade or so has been the growing awareness of how environmental factors present financial risk to the global economy. This understanding informed the creation of the Task Force on Climate-related Financial Disclosures (TCFD) in 2015 and the Task […]
Creating Climate Transition Metrics that Matter
The climate metrics zoo is getting wilder. Increasing numbers of banks and other financial institutions are disclosing climate indicators and quantifying how their activities support net-zero goals. But the rapid spread of financed emissions data, portfolio alignment tools, and other climate gauges has yet to significantly change the financial system’s approach to the low-carbon transition. […]
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 […]
Pillar politics: which part of the Basel framework is best for tackling climate risks?
Two recent papers offer contrasting views on Pillar 1 and Pillar 2 as tools for addressing banks’ exposures to climate risk Three ‘Pillars’ undergird the global banking rules known as the ‘Basel framework’: Pillar 1 covers rules on minimum loss-absorbing capital requirements for all lenders; Pillar 2, supervisory review measures, which include firm-specific capital add-ons […]
Assessing and Tackling Climate Risks for Banks
As global warming wreaks havoc across the world, there is a growing awareness that physical and transition risks threaten banks and the wider financial system. Banks have seen stakeholder awareness of these risks grow substantially over recent years, with regulators, policymakers, customers, employees, and civil society imploring them to improve and disclose their climate-related financial […]
TCFD 103: How to Get Climate Metrics and Targets Right
October 19, 2 pm EDT In August, we hosted a 101 session on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). In September, we took a closer look at the form and function of the TCFD, focusing on the first three pillars: governance, strategy, and risk management. In October, we present the […]