New rules will force banks to publish stacks of climate data — but their usefulness may be limited Risk disclosures are supposed to alert investors to looming threats lurking on bank balance sheets and give them the information needed to make smart trading decisions. Post-financial crisis, the publication of such disclosures was enshrined under ‘Pillar […]
Alex
Weekly round-up: February 7-11
The top five climate risk stories this week 1) Warren knocks SEC over climate disclosure rule delay US Senator Elizabeth Warren (D-MA) blasted the Securities and Exchange Commission (SEC) for its slow progress putting together a climate risk disclosure rule for public companies, branding the delay “unwarranted and unacceptable”. In a letter to SEC Chair […]
Weekly round-up: January 31 – February 4
The top five climate risk stories this week 1) ‘Green repricing’ underway — BlackRock Investors’ hunger for sustainable assets is driving a repricing of green and carbon-intensive stocks, analysis by BlackRock shows. The $10 trillion asset manager published research showing how investments in green sectors — like IT — saw their relative returns increase in 2020, whereas […]
Climate risk regulation rundown: January 2022
What happened in climate-related financial regulation last month, and what’s coming up US President Biden nominated Sarah Bloom Raskin, a vocal supporter of tougher climate-related financial regulation, to be Vice-Chair of Supervision at the Federal Reserve on January 14. Raskin wrote in the New York Times in 2020 that climate change “threatens financial stability” and has queried the Fed’s decision to […]
Executive Compensation and Climate Metrics: Could This Be the Solution We Have Been Waiting for?
As climate change issues become increasingly material to businesses, organizations everywhere are struggling to keep pace. Many are setting net-zero targets and revealing new long-term business plans for achieving those goals. This has led some businesses to wonder whether tying climate-related metrics to executive compensation could help them on their new paths to net-zero. Executive […]
Climate Governance 101
January 28th, 2022 In this webinar, we talk about the first steps businesses need to take to structure and provide oversight for your climate journey and tap into the benefits of the framework backed by 85% of global GDP. Sign up below to watch our discussion. Don’t be left behind. We’ll help you See Beyond! […]
What makes the RMA Climate Risk Consortium a different kind of banking alliance
The new group shows how financial institutions are evolving their approach to climate-related regulation and the opportunities it affords Climate-conscious banks are a clubbable bunch, as evidenced by the number of climate-specific alliances they have joined since the Paris Agreement was signed. While most of these groupings appear to serve the same overarching purpose, each […]
Weekly round-up: January 24-28
The top five climate risk stories this week 1) ECB launches climate risk stress test for banks The European Central Bank (ECB) fired the starting gun for its inaugural climate risk stress test on Thursday. Participating banks will have to gauge their resilience against three macro-financial scenarios covering shocks brought about by extreme weather and a sudden shift to […]
TCFD Governance White Paper – What Does Good Look Like
Good governance is the foundation of an effective climate response. An organization that gets governance wrong almost invariably makes bad climate decisions. Conversely, an organization with good governance can realize the power of its climate strategy and risk management, and is able to implement behavior-changing metrics and targets. Wherever you are on your climate journey, […]
TCFD: Lessons from the first five years, and where we are headed
January 26th, 2022 In this webinar, Manifest Climate is joined by Curtis Ravenel, Task Force Member – TCFD Secretariat and former Global Head for Sustainable Business and Finance, Bloomberg L.P. to discuss what businesses need to consider when it comes to the TCFD, as the climate crisis intensifies and regulator and investor pressure grow. Sign […]