Happy International Women’s Day! Manifest Climate is proud to celebrate women’s invaluable contributions as we continue to create a supportive environment for women to work and thrive. We’re pleased to be recognized as a 2022 Best Workplace™ for Women. As a women-led company working to promote climate transparency and improved economic prospects for all, Manifest […]
Alex
Climate risk regulation rundown: February 2022
What happened in climate-related financial regulation last month, and what’s coming up The US Office of the Comptroller of the Currency (OCC) concluded its public consultation on draft principles for climate-related financial risk management for large banks on February 14. The regulator received 175 comments from bank lobby groups, industry association, and environmental nonprofits, among others. In its response […]
Weekly round-up: February 28 – March 4
The top five climate risk stories this week 1) Climate coalition tells banks, investors to cut off Russian fossil fuel assets An alliance of climate-focused NGOs has called on financial institutions to “stop propping up Putin’s illegal war on Ukraine” by cutting all ties with Russia’s oil, gas, and coal industries. Over 75 groups — including Reclaim […]
Climate Risks for Asset Managers
Climate change impacts are already manifesting in extreme weather events and increasing temperatures. The global response to these impacts is also making itself felt, through the concerted efforts of governments and businesses to transition the world economy to a low-carbon model. Both developments have profound implications for asset managers. Not only do climate-related financial risks […]
Climate Trends: The IPCC’s latest report highlights the scale of climate risks
Intensifying climate risks are already pushing the limits of nature and humanity and threaten to surpass the world’s ability to adapt if greenhouse gas emissions aren’t immediately reduced, according to the second part of the Intergovernmental Panel on Climate Change’s (IPCC) latest assessment report, published Monday. The 3,675-page paper represents “an atlas of human suffering […]
Transition Tools for the Mining Sector Podcast
The global mining sector is grappling with the rapidly changing climate landscape. Now more than ever the industry is asking itself: How do we join the decarbonization movement? How do we operate and thrive within a new climate reality and the shift towards a low carbon economy? Manifest Climate provides the right mix of tools […]
Why Continuous Climate Education is Important for Businesses
Climate education has become increasingly relevant for businesses as governments around the world increase their focus on climate policies and regulations. In order to get and stay ahead, companies must be able to identify the systemic adjustments that are needed to tackle climate change. In turn, employees must also understand how to apply climate intelligence […]
Pillar politics: which part of the Basel framework is best for tackling climate risks?
Two recent papers offer contrasting views on Pillar 1 and Pillar 2 as tools for addressing banks’ exposures to climate risk Three ‘Pillars’ undergird the global banking rules known as the ‘Basel framework’: Pillar 1 covers rules on minimum loss-absorbing capital requirements for all lenders; Pillar 2, supervisory review measures, which include firm-specific capital add-ons […]
Weekly round-up: February 21-25
The top five climate risk stories this week 1) HSBC sets portfolio emissions targets The UK’s largest bank released its blueprint for cutting emissions linked with two carbon-intensive portfolios. On Tuesday, HSBC said it is targeting a 34% reduction in the absolute financed emissions of its oil and gas exposures and a 75% cut in the […]
Weekly round-up: February 14-18
The top five climate risk stories this week 1) Banks, lobby groups caution OCC on climate risk guidance Respondents to a US bank regulator’s consultation on climate risk management principles say these should not place limits on lenders’ financing activities or alter their capital planning. The Office of the Comptroller of the Currency (OCC) issued draft […]