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. UK FRC seeks public input on endorsing ISSB standards The UK Financial Reporting Council (FRC) launched a call for evidence on Wednesday to assess the potential endorsement of the International Sustainability […]
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Harness the Power of Climate Disclosure and Investor Trends
Data is essential to businesses’ efforts to build climate resilience and fulfill their low-carbon ambitions. It’s also vital for understanding how climate threats could imperil the wider economy and financial system. In July 2023, the Financial Stability Board — a global panel of regulators — said consistent, high-quality, and comparable data is crucial for monitoring […]
IFRS to track climate disclosure progress, 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. IFRS Foundation to track climate disclosure progress The Financial Stability Board (FSB), a global panel of central banks and supervisors, has asked the IFRS Foundation to take over monitoring the progress […]
Climate Risk Regulation Rundown: June 2023
What happened in climate-related financial regulation last month, and what’s coming up. Americas The US Commodity Futures Trading Commission (CFTC) announced it will hold a second voluntary carbon markets meeting on July 19. The meeting aims to discuss private sector efforts around high-quality carbon credits, current market trends, public sector initiatives, and perspectives on how […]
Financial institutions lowballing climate risks, 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. Financial firms lowball climate risks — report Banks, insurers, and investment firms may be underestimating climate-related financial risks due to a disconnect between climate scientists, economists, model builders, and financial institutions, […]
Why Accelerating Your Climate Strategy is a Competitive Advantage
More and more companies are developing corporate climate strategies and setting climate targets. For many organizations, risk is the central focus of these discussions as many wonder how to best mitigate the potential impacts of a changing climate and transitioning economy. Yet the upside of risk and uncertainty is opportunity. As climate-leading organizations are discovering, […]
Global sustainability, climate disclosure standards unveiled, 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. Global sustainability, climate disclosure standards unveiled The International Sustainability Standards Board (ISSB) published its inaugural set of sustainability and climate-related disclosure rules on Monday, with the aim of establishing a global […]
Here’s Why C-Suite Leaders Can’t Ignore Climate Risk
As natural disasters cause mass destruction and evacuation worldwide, the risks of a changing climate are being felt far and wide. Yet in many cases, discussions in C-suite meeting rooms are failing to acknowledge the changes happening around us. Generally, there’s been less discussion around climate risk in industries that aren’t traditionally considered carbon-intensive. However, […]
Unpacking the European Union’s CSRD
June 28, 2023 The European Union’s Corporate Sustainability Reporting Directive (CSRD) came into force on January 5, 2023. This wide-ranging legislation calls for the robust reporting of corporates’ climate-related financial risks and opportunities — and not just for companies in the European Union. Tens of thousands of companies in the US, UK, Canada, and elsewhere […]
Church of England funds dump oil and gas investments, 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. Church of England to divest from oil and gas The Church of England’s £10.3bn (USD$13.1bn) endowment fund said it will dump investments in oil and gas companies after it concluded that […]