Tag: climate risk

How to Turn Climate Disclosures into Action – Part II

How to Turn Climate Disclosures into Action – Part II

In our previous blog, we outlined, at a high-level, what it means to operationalize the TCFD framework within a company. We illustrated how developing corporate-level TCFD-aptitude can start with asking some pointed questions. The right questions will reveal whether the company’s internal and external stories on climate change match and whether the climate-related disclosures of […]

What Exactly is the TCFD?

What Exactly is the TCFD? Learn about the TCFD, what it does, and how it helps businesses.

If you’re a publicly-traded company, you’ve probably heard the phrase ‘TCFD’ mentioned. What exactly does it mean, and more importantly, what does it mean for your business? TCFD stands for the Task Force on Climate-related Financial Disclosures. It is a framework that organizations can use to publicly disclose the climate-related risks and opportunities to their […]

Initiating the Carbon Footprint Assessment of an Investment Portfolio

Initiating the Carbon Footprint Assessment of an Investment Portfolio

Role of Financial Institutions in Achieving Net-Zero 2020 was a significant year where commitments around “net-zero targets” gathered momentum. Announcements were made across the board, from national governments to industries and sectors to achieve net-zero carbon emissions by a specific date. The Paris Agreement has established a timeline to 2050 to achieve this, with concrete […]

Climate Transition Increasing Risks for Unprepared Investors

Climate Transition Increasing Risks for Unprepared Investors Climate Transition Increasing Risks for Unprepared Investors

The COVID-19 crisis is reinforcing for companies and investors the importance of preparing for global systemic risks. While it is difficult to foresee a global pandemic, investors should not be surprised when the well-documented risks of the global climate crisis impact their investment portfolios. In a recently published Manifest research paper for the University of British Columbia, […]

How to Manage your Company’s Climate Risks and Harness Opportunities

How to Manage your Company’s Climate Risks and Harness Opportunities

Over the next 20 years, we will experience receding ice cover, heatwaves, rising sea levels, wildfires, storm surges and other extreme weather events. These climate impacts could cause significant losses, damage, or disruptions to our food systems, drinking water, infrastructure, and the energy systems that fuel our modern lives. They may also disturb our forests and ecosystems, […]

Litigation Will Force Better Management and Disclosure of Climate-Related Risk

Litigation Will Force Better Management and Disclosure of Climate-Related Risk

A Quebec group is suing Canada’s federal government for violating the rights of young people by failing to tackle climate change.  In Juliana v. US, a lawsuit filed by young people against the US government for failing to limit the effects of climate change.  Crab fishermen are suing 30 oil firms over climate change.  Climate-related […]

Why Climate-Related Due Diligence is Essential

Why Climate-Related Due Diligence is Essential Why Climate-Related Due Diligence is Essential

The recently released Intergovernmental Panel on Climate Change (IPCC) report has been interpreted by many as a bleak warning of the dangers of climate change exceeding 1.5°C. The IPCC report was unambiguous about the existential threat posed by rising temperatures, but after taking a few deep breaths, it is clear that the report also contains reasons for […]

Unpacking Transition Risk and Opportunity for Canada and the World

Unpacking Transition Risk and Opportunity for Canada and the World

The ongoing global transition to a lower-carbon, resilient economy requires significant and, in some cases, disruptive changes across economic sectors and industries. These changes present significant risks for those slow to adapt, but also massive opportunities for forward-thinking organizations. What are risks and opportunities related to the transition and how might they impact companies in Canada and […]

Climate Change and Power Utilities

Climate Change and Power Utilities

Climate change disrupts the business of power utilities. It does so in a variety of ways linked to both the need to reduce carbon to mitigate climate change and the imperative to adapt to a changing climate. Firstly, power utilities are impacted by the transition to a lower-carbon energy system. As a major contributor to greenhouse […]

Keep Calm and Disclose your Climate Change Risks

Keep Calm and Disclose your Climate Change Risks

This Guest Post was Contributed by Mercedes Arango* In the last days, nine investment group leaders, including la Caisse de Dépôt et Placement du Québec (CDPQ), in partnership with UN Environment Finance Initiative (UNEP FI) created a workgroup to promote climate transparency in the financial markets, based on the recommendations of the Financial Stability Board’s (FSB) Task Force […]