The Ceres Accelerator for Sustainable Capital Markets issued Addressing Climate as a Systemic Risk: A call to action for U.S. financial regulators The Ceres Accelerator for Sustainable Capital Markets “aims to transform the practices and policies that govern capital markets in order to accelerate action on reducing the worst financial impacts of the global climate…
Big four auditors face investor calls for tougher climate scrutiny announces a recent story on Reuters. Written by Matthew Green and Simon Jessop, it starts out like this: European investors managing assets worth more than 1 trillion pounds ($1.28 trillion) are pressing top auditors to take urgent action on climate-related risks, warning that failure to…
CPA Canada’s IFRS Discussion Group recently turned its attention to cap and trade programs, setting out the issue as follows: Many governments around the world have, or are in the process of developing, programs to encourage corporations and individuals to reduce emissions of pollutants. The Government of Ontario introduced a Cap and Trade program as…
ESG: good companies can make good stocks, announces a recent release by Bank of America Merrill Lynch. Here’s how it expands on that: It’s not just for tree-huggers – incorporating environmental, social and corporate governance (ESG) considerations into one’s framework is critical. First, these metrics have been strong indicators of future volatility, earnings risk, price…
The Task Force on Climate-related Financial Disclosures, which we discussed here, has now issued its report of recommendations. It builds these recommendations around “four thematic areas that represent core elements of how organizations operate.” Here they are: Disclose the organization’s governance around climate-related risks and opportunities. Disclose the actual and potential impacts of climate-related risks…
The topic of climate change disclosures recently received some attention in Canada, by virtue of a speech by Bank of England governor Mark Carney. As reported in the Globe and Mail: “In a discussion with Canadian Environment Minister Catherine McKenna before a large audience at a Toronto Region Board of Trade event, Mr. Carney pointed…
John Hughes IFRS Blog 