Alex
Companies Turn to Sustainability for Long-Term Growth and Cost Savings
Global Risks Report Highlights Urgent Need for Climate Risk Planning
Failing to take action to mitigate and adapt to climate risks poses major economic risks, a survey of the world’s top experts shows. The findings affirm the importance of climate risk management and planning for businesses. The World Economic Forum’s Global Risks Report 2023 examines the key threats to the global economy over the short […]
Climate Risk Regulation Rundown: December 2022
What happened in climate-related financial regulation last month, and what’s coming up. Americas On December 8, the Federal Reserve released new guidelines for large banks on managing their climate risks. The guidelines recommend that banks set up climate risk analysis, have their boards oversee climate risks, and align employee pay with climate risk management objectives. […]
Climate Change Tops Global Risks, SEC Rule Slated for April, and More
The top five climate risk stories this week. Climate change tops global risks — report Failing to stop climate change is the most severe risk the world faces over the next 10 years, a survey of over 1,200 experts shows. The annual poll of policymakers, business leaders, academics, and other leading authorities, was published in […]
What to Expect For Climate Risk Disclosures in 2023
Last year was a game changer for climate risk disclosures. More companies began to report their climate-related information, and regulators around the world moved closer toward mandating corporate climate reporting. Many of these incoming climate reporting requirements are based on the Task Force on Climate-related Financial Disclosures (TCFD), the world’s leading climate reporting framework. The […]
TCFD-Aligned Disclosures and the Retail Sector
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 […]
Climate Risk Management, Glencore’s Coal Production, and More
The top five climate risk stories this week. Many companies don’t factor climate in risk management — survey A recent survey by the Institute of Management Accountants (IMA) found climate is often ignored in corporate risk analysis and planning. Of the more than 500 respondents who work in corporate finance, 32% said their organization does […]
Women Governance Trailblazers – Laura Zizzo
Insurers Attack Treasury’s Data Probe, New York Issues Climate Risk Guidance, and More
The top five climate risk stories this week. US insurers attack Treasury’s climate data probe The US insurance industry is opposing a request from the Federal Insurance Office (FIO) to submit data on how physical climate risks — like hurricanes, wildfires, and floods — could disrupt the supply of property and casualty coverage. The FIO, […]