Financial statements should provide investors with a clear, honest picture of a businesses’ activities and financial well-being. In reality, far too many are failing to do so. How? By ignoring material climate-related financial risks. A September report by the think tanks Carbon Tracker Initiative and Climate Accounting Project laid this out in black and white. […]
Alex
Understanding Climate Change Financial Disclosures Podcast
7 Reasons Manifest Climate’s SaaS Platform Makes TCFD Reporting Easier
The Task Force on Climate-related Financial Disclosures (TCFD) is quickly emerging as the global best practice for climate-related risk and opportunity disclosures with New Zealand, Switzerland, the UK, and China announcing moves to mandate TCFD-aligned reporting by organizations. As such, many businesses have embarked on a TCFD journey to identify and disclose their climate impact. […]
TCFD 101: Back2Basics
December 10th, 2021 In December, Manifest Climate revisited TCFD 101 webinar, the most effective Task Force on Climate-related Financial Disclosures (TCFD) primer available. In this session, our world-class strategists explained the basics of the framework, including its roots, purpose, and best practices to apply for maximum impact. The TCFD has broad buy-in from policymakers, world […]
Which EU banks have the most exposure to high transition risk sectors?
The release of granular bank-level data by a European financial watchdog offers a glimpse into lenders’ exposure to climate transition risks Once a year, the inner workings of the European Union’s major banks are laid bare for all to see. Following annual ‘transparency exercises’, the European Banking Authority (EBA) publishes rich datasets detailing the nitty-gritty of […]
Physical Risks: Often Overlooked but Critically Important
This blog is based on a webinar hosted by Kevin Quinlan, Climate Strategist at Manifest Climate, in conversation with Dr. Blair Feltmate, Head of the Intact Centre on Climate Adaptation Climate change has surfaced two types of risks: transition and physical. The former relate to those actions taken to reduce the greenhouse gas (GHG) emissions that cause […]
Why are so many EU banks failing to run climate risk materiality assessments?
The European Central Bank’s review of climate risk management practices shows plenty of firms aren’t even bothering to assess how painful future climate threats could be Climate risk pundits have plenty to chew over in the European Central Bank’s (ECB) latest report on the state of climate and environmental (C&E) risk management in the banking sector. The […]
Managing Transition Risks and Assessing COP26 for Business
November 24th, 2021 In November, Manifest Climate takes a closer look at specific topics. In this – our first in our series of deeper dives – we looked at transition risks. These are the risks associated with the ever-evolving policy, legal, technology, and market changes that occur as communities and businesses aim to reduce their […]
How to Get Engagement from your Team Before Buying Software
1. Get leadership buy-in. When companies decide to purchase software and deploy it effectively there is alignment at the top. Sponsorship from the most senior levels when rolling out enterprise software is absolutely critical. Senior leadership alignment and endorsement of new initiatives, tying in objectives where possible, creates the strongest backing for an enterprise software […]
Reflections on the Basel Committee’s climate risk principles
Are they a good blueprint for action on climate-related financial risk management, or a paper tiger? The compromise deal reached at COP26 in Glasgow on Saturday may have dominated the headlines this week, but bankers have likely been far more absorbed by the output of another small group of policymakers on the other side of […]