Alex
Your TCFD Journey in 3 Steps
The Task Force on Climate-related Financial Disclosures (TCFD) is a globally recognized framework that allows businesses to identify, manage, and respond to their climate-related risks and opportunities. The framework has broad buy-in from policymakers, world leaders, investors, and activists. Endorsed by the G20, many jurisdictions — including Canada, the US, and the European Union — […]
Weekly round-up: July 11-15
The top five climate risk stories this week 1) Republican officials threaten SEC climate rule Attorneys general from 24 Republican states are threatening legal action against the US Securities and Exchange Commission (SEC) if it proceeds with a climate risk disclosure rule for public companies. In a new comment letter sent to the Commission on Wednesday, the […]
Homemade innovation: Canadian tech leaders share what drives them
Climate Change and Banks: How Banks are Building Climate Resilience
July 12th, 2022 Banks are under increasing pressure from investors, activists, and supervisors to develop climate risk management capabilities. They are also more focused than ever on climate risks and opportunities because of forthcoming regulations mandating reporting aligned with the Task Force on Climate-related Financial Disclosures (TCFD). In this discussion with Mary Obasi, Global Head […]
Weekly round-up: July 4-8
The top five climate risk stories this week 1) EU bank losses from climate shocks could hit €70bn European lenders face €70 billion of losses from an abrupt spike in carbon prices and a series of natural disasters, the results of the European Central Bank’s (ECB) first supervisory climate stress test show. Officials say this figure may […]
Has the backlash against financed emissions begun?
Climate finance tastemakers are pushing for financial institutions to put real-economy emissions reductions at the heart of their net-zero strategies “Financed emissions” are no longer in vogue. Last year, they were all the rage. The Net Zero Banking Alliance (NZBA), launched in April 2021, bounds its members together with a shared commitment to transition all the emissions […]
What’s in OSFI’s Climate Risk Management Guideline, and How Can Firms Prepare?
July 6th, 2022 In this webinar, we provide an overview of the climate risk guideline and what it means for Canada’s federally regulated financial institutions. Panelists discussed how companies can prepare to meet the supervisor’s expectations for Climate Risk Management and what tools and processes they should draw on to ensure they are fully aligned […]
The SEC Climate Disclosure Rule Should Align with the TCFD, Say US Companies
Over the last three months, hundreds of organizations and individuals have submitted comments to the US Securities and Exchange Commission (SEC) on its proposed climate risk disclosure rule. Many have made clear that they want it to align closely with the reporting framework established by the Task Force on Climate-related Financial Disclosures (TCFD). The SEC […]
Weekly round-up: June 27 – July 1
The top five climate risk stories this week 1) US agencies making headway on climate risk — Ceres Nine US financial regulators have made “tremendous progress” addressing climate risk over the last 14 months, sustainability nonprofit Ceres says. In an updated scorecard released Monday, Ceres showed that the agencies have collectively taken 230 public actions on climate […]