What happened in climate-related financial regulation last month, and what’s coming up The US Securities and Exchange Commission (SEC) is investigating Goldman Sachs Asset Management (GSAM) over mutual funds that incorporate ESG investing criteria, the Wall Street Journal reported on June 10. The probe may not necessarily result in enforcement action. A spokesperson for Goldman Sachs told trade publication Environmental […]
Alex
Weekly round-up: June 20-24
The top five climate risk stories this week 1) EU banks to meet climate risk expectations by 2024 Firms should be in alignment with the European Central Bank’s (ECB) climate risk management expectations by 2024, a senior official has said. In a speech on Wednesday, Frank Elderson — Vice-Chair of the Supervisory Board at the ECB — […]
Laura Zizzo on the important role climate tech will play in supporting the global climate response
Wall Street takes on the SEC’s climate disclosure rule
Lobbyists see plenty wrong with the US regulator’s proposal to mandate climate risk reports Wall Street isn’t a fan of the climate risk disclosure proposal from the US Securities and Exchange Commission (SEC). Quite the opposite, in fact. Comment letters sent by bank lobby groups to the SEC are loaded with criticisms and calls for […]
Weekly round-up: June 13-17
The top five climate risk stories this week 1) Basel Committee finalizes climate risk checklist Global regulators published Wednesday a list of principles on tackling climate-related financial risks for banks and their watchdogs. The guidance, made up of 12 principles for lenders and six for supervisors, covers how climate change should be factored into firms’ corporate governance, […]
GFANZ gets serious
The umbrella group of climate finance alliances has rolled out what could be a game changing new framework on transition plans Yesterday marked what could be a decisive turning point in the effort to marshal financial institutions in support of net-zero emissions goals. First, the UN-backed ‘Race to Zero’ (RtZ) campaign — an over 10,000 strong coalition […]
Manifest Climate has been selected to join Unreasonable CHANGE
Manifest Climate has been selected to join Unreasonable CHANGE, a new strategic collaboration between Accenture and Unreasonable, to support entrepreneurs building solutions to global sustainability challenges.
Unreasonable CHANGE is a three-year strategic collaboration, built on the shared belief that supporting social entrepreneurs innovating for a sustainable future, is not only a moral imperative but also an unprecedented business opportunity. Together, Accenture and Unreasonable believe that the level of systemic change we need to create a sustainable future is only possible through […]
Staying Current with Climate Change, hosted by RMA
June 6th, 2022 This session covered key trends in the climate change conversation. Panelists provided an overview of the climate risk management landscape and discussed important global initiatives and regulatory developments, including RMA’s comment letters to the OCC and Basel. The panel also forecasted the path ahead for the industry, including what may be on […]
Poor Sustainability Data May Hinder Canada’s Climate Transition
Canada has a sustainability data problem. Until it’s solved, financial institutions will struggle to efficiently allocate capital in support of the country’s climate transition. That’s the conclusion of a new report out of Queen’s University’s Institute for Sustainable Finance (ISF), a network of professionals from across academia, the private sector, and government. The institute said […]