Climate disclosure News

Central Bankers Use AI to Assess Climate-Related Risks

Central bankers said on Tuesday they have broken new ground by using artificial intelligence to collect data for assessing climate-related financial risks, just as the volume of disclosures from banks and other companies is set to rise. The Bank for …

US Treasury Drops Plan to Collect Insurer Data on Climate Risks

The US government is stepping away from its effort to collect data on home insurance prices and availability at the Zip code level as premiums soar and climate risks to property intensify. Instead, it will join in a collaborative effort …

Financial Services Firms ‘Largely Blind’ to Exposures From Nature-Related Risks: Report

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. …

Industry Trades Rail Against Federal Climate Disclosure Bill

Federal legislation introduced last week that would require insurance companies with more than $100 million in annual premiums to disclose investments and underwritings related to coal, oil and gas projects, and fossil fuels is already required at the state level …

New G20-Backed Global Rules Aim to Clamp Down on Corporate Greenwashing

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 …

Environmental Platform Urges 1,600-Plus High-Emitting Firms to Disclose Data

More than 1,600 companies identified by non-profit platform CDP as having the biggest impact on the environment are not disclosing environmental data, it said as it launched its latest campaign to get firms to provide the information. CDP, which has …

Finance Firms Managing $136T in Assets Urge Boards for More Environmental Data

Financial institutions managing $136 trillion in assets will this week call on companies to share more data on their environmental impact, the chair of disclosure platform CDP told Reuters. In a letter to the boards of over 15,000 companies, 746 …

Canada Financial Watchdog Sets Rules for Insurers, Banks on Climate Risk Disclosure

Canada’s financial industry regulator published a set of guidelines for banks, insurance companies and other regulated firms to assess and disclose climate risks. Financial firms will need to release climate-related financial disclosures at least once a year, the guidance from …

G20-Backed Standards Body Approves First Global Company Sustainability Rules

The G20-backed International Sustainability Standards Board on Thursday approved “global baseline” rules for firms disclosing how climate change affects their business, after calls to curb greenwashing in a “pivotal” year for climate reporting. Subject to ‘balloting’, or standard checks before …

U.S. Securities Regulator Lists April for Climate Rule Action

The top U.S. securities regulator has cited April as the release date for a long-anticipated rule on companies’ climate-related disclosures, according to a recent federal notice. In a draft proposal last March the U.S. Securities and Exchange Commission said it …