Sentences with phrase «on climate risk disclosure»

'' Cities and businesses recognise the economic benefits that come with fighting climate change, and they're setting a great example by establishing clear goals and measuring the impact of their work,» said Michael R. Bloomberg, founder of Bloomberg LP, three - term Mayor of New York City, the UN Secretary General's Special Envoy for Cities and Climate Change, and chair of the Financial Stability Board's Task Force on Climate - related Financial Disclosures, who joined a discussion on climate risk disclosure.

In 2010, the Security Exchange Commission (SEC) issued guidance on climate risk disclosure for publicly traded companies and, more recently, the Financial Stability Board (FSB), at the request of the G20, established a task force on climate - related financial disclosures to develop climate risk disclosure guidance for publicly traded companies around the world.

The vote foreshadows what is likely to materialise as recommendations on climate risk disclosure by the TCFD chaired by Michael Bloomberg and Bank of England governor Mark Carney.

«The primary risk that climate change may pose would be any potential increase in the frequency or intensity of strong thunderstorms, hurricanes or brushfires,» the company said on a climate risk disclosure form that California began requiring insurers to file this year.

Not exact matches

Shareholders need disclosure on issues like political spending and climate change because there is material risk that can affect the bottom line.»

He said the risk applied equally to companies, especially those that have been in denial about climate change risk to their business, and investors, some of which had been pressuring companies to lift their game on carbon risk disclosure but still had a long way to go themselves.

Following the recommendations of the Taskforce on Climate - related Financial Disclosures, many companies are using climate scenarios to assess the risks that climate change poses to their operations and value Climate - related Financial Disclosures, many companies are using climate scenarios to assess the risks that climate change poses to their operations and value climate scenarios to assess the risks that climate change poses to their operations and value climate change poses to their operations and value chains.

The Financial Stability Board, an international body that monitors and makes recommendations about the global financial system, recently announced the appointment of experts in responsible investment, sustainable finance, risk management and climate change to head its new task force on climate - change - related disclosures.

«I recommend that the SEC mandate comprehensive, standardized disclosure of material information on climate change risks for public companies, as well as of climate - denying political and organizational corporate giving,» he wrote the commission.

Even so, future disclosures will include information detailing the risk the company faces from «potential laws and regulations relating to climate change or coal, which could result in materially adverse effects on its markets or [the] company,» it said.

Pension funds are increasingly pushing for disclosure on climate risk (Forbes).

The SEC has also requested public comment in a Concept Release, which is looking at how the disclosure of risk could be improved and is asking whether current reporting on climate change is adequate.

«Lack of disclosure on climate risk remains an element of concern that will have to be addressed by the upcoming G - 20 Summit.»

- Euractiv: Business leaders back G20 task force recommendations on climate - risk disclosure.

IEA welcomes Task Force recommendations to disclose climate change risks with scenario analysis The IEA welcomes the recommendations of the Task Force on Climate - related Financial Disclosures that aim to help businesses disclose the risks and opportunities presented by climate change 15 Decembclimate change risks with scenario analysis The IEA welcomes the recommendations of the Task Force on Climate - related Financial Disclosures that aim to help businesses disclose the risks and opportunities presented by climate change 15 DecembClimate - related Financial Disclosures that aim to help businesses disclose the risks and opportunities presented by climate change 15 Decembclimate change 15 December 2016

Experts reveal their top tips on how to start implementing the FSB's climate risk disclosure guidelines across your business

Since 2009, large insurers have filed a climate change and risk disclosure survey created by the National Association of Insurance Commissioners (NAIC), which states that «disclosure of climate risk is important because of the potential impact climate change can have on insurer solvency and the availability and affordability of insurance across all major categories.»

On the shareholder front, BP, Royal Dutch Shell and Statoil recently took an unexpected step by publicly supporting shareholder resolutions seeking broad disclosure of how the companies are managing climate change risks.

It explores global reporting practices on fossil fuel reserves and the nature of any information gaps, as well as considering what steps are necessary to integrate emerging and future climate risks into disclosure.

The letter emphasizes, «Effective disclosure of the market risks from climate change would focus on how low - carbon scenarios would impact commodity demand and price and include the knock - on effects of those shifts on future capital expenditure plans, liquidity and reserves valuations, if any.»

Therefore, they should require additional disclosure on factors such as the carbon dioxide potential of fossil fuel reserves, to provide an indicator whether climate risk is increasing or decreasing.

Financial regulators have also endorsed the importance of scenario analysis for assessing climate risk through the Financial Stability Board Task Force on Climate - related Financial Disclclimate risk through the Financial Stability Board Task Force on Climate - related Financial DisclClimate - related Financial Disclosures.

As Joel Kirkland reported in Climate Wire (reprinted on the New York Times web site), «The SEC public disclosure guidance on climate - related risks is seen as a major victory by an army of environmental groups and institutional investors that have pressed the issue since 2007.Climate Wire (reprinted on the New York Times web site), «The SEC public disclosure guidance on climate - related risks is seen as a major victory by an army of environmental groups and institutional investors that have pressed the issue since 2007.climate - related risks is seen as a major victory by an army of environmental groups and institutional investors that have pressed the issue since 2007.»

Ahead of its AGM on May 25, Shell has for the first time published a «below 2 ˚C scenario», yet analysis by Carbon Tracker on Shell's latest climate risk disclosures shows its continued intransigence to be at best disappointing and at worst stonewalling.

Institutions managing some $ 8 trillion in assets are supporting climate - risk disclosure resolutions to be put before ExxonMobil's and Chevron's AGMs on Wednesday May 25.

In April 2016, the Financial Stability Board's Task Force on Climate - Related Financial Disclosures published a report on Phase I of their year - long process to «develop voluntary, consistent climate - related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakehClimate - Related Financial Disclosures published a report on Phase I of their year - long process to «develop voluntary, consistent climate - related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stDisclosures published a report on Phase I of their year - long process to «develop voluntary, consistent climate - related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakehclimate - related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stdisclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders.

Today, many fossil fuel companies already acknowledge that action on climate change presents a material risk, but few offer disclosures that adequately assess the financial impact.

The FSB's Task Force on climate - related financial disclosures (TCFD) has examined how greater transparency of climate - relate d risks would bring that horizon forward and, in Mr. Carney's words «make the market» in climate - related financial risk.

Mounting mainstream expectations for better corporate climate risk disclosure have been reflected in shareholder resolutions and the recommendations of the Task Force on Climate - Related Financial Disclosure climate risk disclosure have been reflected in shareholder resolutions and the recommendations of the Task Force on Climate - Related Financial Disclosure Climate - Related Financial Disclosure (TCFD).

Haines finds that the municipalities did not defraud their investors on the risks of climate change, because those disclosures adequately captured the «speculative» and «cautionary» element of assessing climate change risks and damages.

Last month, the G20's Task Force on Climate - related Financial Disclosures co-chaired by former New York Mayor Michael Bloomberg and Bank of England Governor Mark Carney recommended full and standardized disclosure by companies and investors of financial risks and opportunities from climate Climate - related Financial Disclosures co-chaired by former New York Mayor Michael Bloomberg and Bank of England Governor Mark Carney recommended full and standardized disclosure by companies and investors of financial risks and opportunities from climate climate change.

Emphasis on as soon as, because they have put some boiler plate into their disclosures recently or at least since the SEC noticed in 2010 that there are climate risks.

The International Energy Agency welcomes the recommendations of the Task Force on Climate - related Financial Disclosures that aim to help businesses disclose the risks and opportunities presented by climate Climate - related Financial Disclosures that aim to help businesses disclose the risks and opportunities presented by climate climate change.

The Task Force on Climate - related Financial Disclosures, chaired by Michael Bloomberg, was established last year after the G20 asked for an examination of risks related to climate Climate - related Financial Disclosures, chaired by Michael Bloomberg, was established last year after the G20 asked for an examination of risks related to climate climate change.

As we reach a tipping point on global climate action, increased disclosure of environmental data, along with access to States and Regions Climate Action Tracker will help sub-national governments to understand their environmental impact and the risks and opportunities of climate climate action, increased disclosure of environmental data, along with access to States and Regions Climate Action Tracker will help sub-national governments to understand their environmental impact and the risks and opportunities of climate Climate Action Tracker will help sub-national governments to understand their environmental impact and the risks and opportunities of climate climate change.