February 8, 2024
When investors contemplate risk, it’s straightforward to think about measurable economic shifts like rising interest rates, inflation and sales trends. The data are readily available and simple enough to incorporate into financial models. The looming risks from climate change, on …
October 10, 2023
The UK just moved a step closer to requiring companies to provide detailed statements on future carbon emissions reductions that will include both their operations and supply chains. The Transition Plan Taskforce, an initiative started by the UK Treasury and …
August 17, 2023
Most financial firms aren’t assessing their portfolio exposure to nature-related risks with the same urgency they use to measure climate impacts, a shortcoming that could lead to higher costs, litigation and a hit to reputations, according to a new report. …
June 26, 2023
Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International …
October 20, 2022
Companies worth half of total global market capitalization are now disclosing environmental data after a 42% year-on-year rise in the number of firms reporting, new data published on Wednesday showed. Non-profit environmental disclosure platform CDP said more than 18,700 companies …
October 18, 2022
U.S. Treasury on Tuesday said it was proposing a new rule to collect data on climate-related risks from property and casualty insurers, one of the first concrete actions in a new push to beef up financial regulation to help fight …
March 15, 2022
A federal appeals court on Tuesday rejected Exxon Mobil Corp.’s effort to stop Massachusetts and New York from probing whether the oil company lied to investors and the public regarding what it knew about climate change. The 2nd U.S. Circuit …
November 5, 2021
GLASGOW – A pledge to phase out coal gained the support of 23 more countries at the U.N. climate conference on Thursday, but was shunned by big users of the dirtiest of the fuels that cause global warming. The COP26 …
November 4, 2021
GLASGOW – Government representatives at the U.N. climate conference in Glasgow on Thursday will turn their focus to tackling the global economy’s addiction to fossil fuels with a raft of new pledges aimed at curbing production and use of oil, …
November 3, 2021
Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out in the Paris climate agreement, as an alliance championed by former central banker Mark Carney swells under the gaze of …