Climate Risk
Climate Trends: Pressure Mounts on Accountants and Auditors to Factor Climate Risk in Financial Statements
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…
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…
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…
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…
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…
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…
Climate Basics: What are Physical Risks? Why do they matter for your business and community?
November 9th, 2021 In November, Manifest Climate was joined by Dr. Blair Feltmate, author of Sustainable Banking and Aquatic Ecology and Head of Intact Centre…
Weekly round-up: June 7-11
The top five climate risk stories this week 1) Bank of England launches climate stress test The Bank of England (BoE) kicked off its inaugural…
No charge: industry groups sharpen opposition to prudential climate rules
No doubt about it — there’s been an awakening. US financial watchdogs largely ignored climate risks these past four years (with some notable exceptions). Now,…
Unite or die: the UN Principles for Responsible Banking one year on
Toothless talking shop or shadow standard-setter? On September 22, 2019, 132 banks came together to launch the UN Principles for Responsible Banking (PRB). The initiative,…