The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. European Parliament rebuffs bid to weaken sustainability reporting standards The European Parliament rejected an effort by some lawmakers to water down the European Sustainability Reporting Standard (ESRS), which will be used […]
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The 7 Steps to a Strong Climate Strategy
Building a comprehensive climate strategy is one of the most important actions a company can take to manage its climate-related financial risks and opportunities. While the best climate strategies are unique to an organization, all companies should follow these seven important steps when approaching climate management for the first time. 1. Identify climate-related risks and […]
Building Climate Resilient Portfolios: Considerations for Physical Risks
Discover the crucial role of climate risks in shaping investment strategies with Manifest Climate and Los Angeles Capital Management’s latest white paper. Learn how global warming pressures are impacting asset managers’ decision-making and why financial markets may be underpricing climate physical risks like extreme weather events, including floods and wildfires. Explore Los Angeles Capital Management’s […]
Climate Risk Regulation Rundown: August/September 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas On September 25, the US Securities and Exchange Commission (SEC) fined DWS Investment Management Americas, a Deutsche Bank majority-owned asset manager, USD$19 million for “materially misleading statements” concerning ESG investments. This marks the largest ESG-related enforcement action against an asset manager by […]
California enacts climate reporting laws, TCFD issues latest status report, and more.
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. California enacts landmark climate reporting laws California Governor Gavin Newsom signed two groundbreaking climate disclosure bills into law on Saturday, setting a precedent for climate reporting in the US. The first […]
Sweltering September Temperatures Raise Alarm, and More
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. Record-breaking September temperatures raise climate alarm Global average temperatures in September smashed previous records, with one climate scientist describing them as “absolutely gobsmacking bananas.” September’s average temperature of 16.4°C surpassed the […]
Assessing Climate Risk in Asset Management: A Conversation with Los Angeles Capital Management
October 25, 2023 As the impacts of climate change become more apparent, a growing number of asset managers recognize the threat these natural disasters pose to their portfolios and investment strategies. In response, many companies are developing and undergoing extensive processes to both identify and assess their climate-related financial risks. Manifest Climate and Los Angeles […]
SB 253 and SB 261: California’s New Climate Disclosure Rules, Explained
Corporate climate disclosure is the current focus of legislative bodies around the world. From the US Securities and Exchange Commission’s (SEC) proposed climate disclosure rule to the EU Commission’s Corporate Sustainability Reporting Directive, more companies are becoming subject to mandatory climate reporting. California, which is both a Democrat state and the US’s largest state economy, […]
SEC Charges Asset Manager for Greenwashing, and More
The top five climate risk and disclosure stories this week. Want access to deeper insights and curated climate news? Request a demo of our solution today. SEC fines asset manager after greenwashing probe DWS, a Deutsche Bank-controlled asset manager, will pay US$19mn to settle charges with the US Securities and Exchange Commission (SEC) over allegedly misleading environmental, social, and […]
Here’s What Investors Want to Know About Your Climate Governance
Corporate climate risk is not a simple mathematical equation: It’s also a qualitative concern that’s made worse or better by how an organization prioritizes and prepares for the realities of a changing climate. In the early stages of a climate journey, companies must understand the importance of good climate governance, which can make or break […]