Regulators, investors, and shareholders are paying closer attention to financial disclosures for clues on how companies are managing climate risks. A company’s disclosure on climate risk, a top market and economic risk according to the World Economic Forum for years in a row, will impact their budget allocations, asset valuations, and ability to attract investment. […]
Use Case: Compliance
Unlock Insights: SEC Climate Disclosure Comparison with Global Standards
Struggling to navigate the complex landscape of climate disclosure requirements? Our latest resource offers a comprehensive comparison chart that details how the U.S. Securities and Exchange Commission’s final climate disclosure rules aligns with or diverges from Californian and European standards. This chart is not just a tool; it’s a lens through which we can view […]
Reporting on qualitative climate data in 2024? Lose the spreadsheets.
As more ESG and climate-related disclosure regulations come online, companies are spending significant time and money to meet reporting expectations. ESG reporting and disclosure presents an entirely new compliance challenge for large companies — and the requirements are only growing. Yet more than half of companies are still managing ESG data, both qualitative and quantitative, […]
The SEC’s Climate Disclosure Rule: How Can Businesses Prepare?
The US Securities and Exchange Commission (SEC) held an Open Commission Meeting today, on the 6th of March, during which it voted on the final version of its climate disclosure rule. The vote passed 3-2, and we will see the text of the final rule sometime today. Manifest Climate will update this blog and other […]
What is Single Materiality and Double Materiality? (Simple Explanation)
“Single materiality” and “double materiality” are distinct yet interrelated approaches to evaluating environmental, social, and governance (ESG) risks and opportunities, including those related to climate change. Understanding the difference between these approaches to risk assessment is crucial, including in the context of climate-related disclosure. Single materiality — definition “Single materiality” refers to how climate and […]
ISSB vs. TCFD: Why Companies are Shifting from the TCFD to the ISSB
Increasingly, large public organizations are shifting their climate disclosure focus from the Task Force on Climate-related Financial Disclosure (TCFD). Since its release in 2017, the TCFD has been a mainstay of climate risk reporting. However, the formation of the International Sustainability Standards Board (ISSB) and the release of its reporting standards, IFRS S1 and IFRS […]
Q&A: How to Comply With California’s New Climate Disclosure Rules (SB 261 and SB 253)
“It’s no longer about being a good corporate citizen. Climate change is happening — the question is, what are the risks and opportunities for your business?” — Laura Zizzo In a recent Manifest Climate webinar, we sat down with our internal experts, alongside two guest speakers, to find out whether US companies are ready to […]
Navigating California’s New Climate Disclosure Laws
November 30, 2023 Watch a groundbreaking discussion on California’s first-in-the-nation climate disclosure laws, SB 253 and SB 261. We explore the impact on businesses and hear insights from industry experts Laura Zizzo, Co-founder & CEO of Manifest Climate, Amanda Carty, Managing Director, ESG & Data Intelligence at Diligent, and Jake Rascoff, Director of Climate Financial […]
How to Structure Your Climate Team for Success
With its myriad physical, regulatory, and market-based risks, ‘climate’ can no longer be simply the domain of CSR (corporate social responsibility) or ESG (environment, social, and governance) teams. Investors are increasingly looking for evidence that companies are integrating climate considerations into business decisions and future planning. At the same time, new disclosure requirements will put […]
Breaking Down California’s SB 253 and SB 261 Climate Disclosure Rules
November 9, 2023 California’s legislature just passed first-in-the nation climate disclosure laws: SB 253 and SB 261. SB 253 will require all companies doing business in California with at least US$1bn in revenue to report their Scope 1, 2, and 3 emissions, while SB 261 will compel those with more than US$500mn to publicly report […]