February 15, 2023 Thousands of organizations claim to produce climate reports that align with the Task Force on Climate-related Financial Disclosures (TCFD). But how many of these reports contain actionable information that investors and other stakeholders can use to make critical decisions? Manifest Climate applied its unique methodology to 100 companies’ disclosures to find the […]
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Companies’ Climate Transition Plans Lack Credibility, US Climate Risk Rules Should be Harmonized, and More
The top five climate risk stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. Companies’ climate transition plans lack credibility — report Few climate transition plans produced by companies are credible, research by environmental disclosure nonprofit CDP shows. Of 4,100 companies that reported plans to align with […]
Why Good Climate Management is a Competitive Advantage
Climate change is having a significant impact on businesses, from higher energy costs to supply chain disruptions. Investors and regulators increasingly want to understand businesses’ resilience to climate risks since this will shape their future financial performance and competitiveness. The key to building climate resilience is good climate management. Businesses that have a handle on […]
Climate Risk Regulation Rundown: January 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas On January 19, the Federal Reserve released the plans for its first climate scenario analysis (CSA) exercise. The exercise will assess banks’ abilities to withstand climate-related physical and transition risks, including extreme hurricanes and disruptive climate policies. The Fed will also use […]
White Paper: Why the SEC Proposed Climate Disclosure Rule is a Game Changer
The US Securities and Exchange Commission (SEC) is ushering in a new era of climate-related disclosure. In April 2023, the agency is expected to finalize a new rule that will require all companies listed on US exchanges to include detailed climate-related information in their periodic filings. The rule, in part inspired by the Task Force […]
Why It’s So Hard to Be an ESG Investor
NZAOA Toughens Decarbonization Targets, SEC Official Warns Against ESG Ratings Abuse, and More
The top five climate risk stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. Net-zero asset owners toughen decarbonization targets The Net Zero Asset Owners Alliance (NZAOA) has barred members from using carbon removals to hit their 2030 portfolio decarbonization targets. In a Tuesday update to its […]
Why Climate Disclosures Must be Decision-Useful
PRI Updates Reporting Framework, Investors Rally for CDP Disclosure, and More
The top five climate risk stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. PRI launches updated reporting framework The world’s leading network of investors focused on environmental, social, and governance (ESG) factors rolled out an updated reporting framework that aligns more closely with top climate disclosure […]
ISSB to Publish Standards in June, Fed Releases Climate Exercise Details, and More
The top five climate risk stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. ISSB to publish climate, sustainability standards in June The International Sustainability Standards Board (ISSB) plans to release its final disclosure standards in June, according to the chair of its parent organization. At the […]