Over 2250 financial market participants will have to report on TCFD recommendations of governance, strategy and risk/opportunity in 2020. This is the next step in the PRI’s support of the disclosure framework. The PRI (Principles of Responsible Investing) has announced that several TCFD-aligned disclosure indicators will move from being voluntary to be mandatory in 2020 – two […]
Tag: TCFD
RI Americas Conference 2018
Manifest was pleased to participate on two panels at the recent Responsible Investor Americas 2018 in New York. Laura Zizzo moderated a panel on the alignment with the TCFD recommendations for both companies and investors while Joy Williams participated on the plenary panel on climate change divest/invest debate. On Laura’s panel, both companies and investors arrived at […]
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 […]
Finance Solutions for Climate Action Needed
One of the main obstacles to meaningful climate action is adequate capital backing. While government policies and incentives are crucial to drive climate initiatives, solutions require support from a broader stakeholder group. The financial sector has been called out as a crucial participant in solving the global climate crisis. Pension funds, banks, insurance companies and investment management […]
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 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 […]
Despite Ontario Policy Uncertainty, Global Movement on Climate Continues with European Leadership
The new Ontario government have brought much uncertainty to the fate of the provincial climate policies implemented by the Liberal government over their last term. The newly elected Progressive Conservatives announced their intention to dismantle the cap-and-trade system, which generated $2.8 billion in revenue for the province and were earmarked to be invested in initiatives aimed at reducing […]
Climate Disclosure: A Transition from Thinking to Action
“There has been a transition in thinking. And this is now beginning to be translated into action.” -Mark Carney’s speech, “A Transition in Thinking and Action,” delivered in early April at the International Climate Risk Conference for Supervisors in Amsterdam The Task Force on Climate-related Financial Disclosures (TCFD) recommendations continue to gain support and momentum in […]
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 […]
2 Years After Paris Agreement, Support for Climate Disclosure is Surging
The final recommendations of the industry-led Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosure (TCFD) are continuing to gain momentum and attract support from companies, investors, rating agencies, stock exchanges, regulators, governments and others. Companies across sectors are endorsing the recommendations and some are beginning to implement them in their public disclosures. Global asset managers […]