As we look back on 2023, one of the most significant events of the past year was the demise of ESG investing. Or, to be more precise, the end of the term itself. That’s a good thing, because it will open the way to greater clarity and accountability about investment risks. The term ESG has […]
When it comes to climate regulations, if you’re only watching the SEC you could be caught by surprise. Because while the SEC recently delayed its final rules on climate disclosure until later this year, the European Union (EU) is moving ahead with new rules on climate, sustainability, corporate responsibility and business transparency. The new rules […]
The headlines marking the end of the COP26 global climate summit were mostly gloomy, much like the weather in Glasgow. Reports focused on unenforceable pledges by countries to cut carbon levels and tepid increases in funding for poor countries most affected by climate change. But there were significant accomplishments last week in Glasgow and beyond. […]
Making progress on corporate climate risk disclosure is slow work. Partly it’s because the topic is complex, but it’s also because institutions are slow to change, even those that set themselves at the forefront. Last week brought two examples. First, investment giant BlackRock released its sustainability report, in which it said it identified 244 companies […]
It’s been a year since the Task Force on Climate-related Financial Disclosures (TCFD) released its recommendations. Backed by the G20 finance ministers and chaired by Michael Bloomberg, the TCFD offered concrete guidance for public companies on how to report risks and opportunities arising from climate change. The TCFD left no doubt that boards have an […]
The New York Times has found a solution to global warming. Well, maybe not. But it has revealed a misguided approach to covering climate change, one that is quick to embrace homespun narratives while overlooking difficult data.