Climate change has reached a new pinnacle. According to IPCC, "Nobody’s safe and it’s getting worse, faster,” said Inger Anderson, executive director of the UN Environment Programme, which established the climate change panel in 1988 in partnership with the World Meteorological Organization.
The SEC will likely call for qualitative and quantitative disclosures to avoid green washing and provide greater clarity on climate risk.
In a speech delivered on July 28, 2021, Gary Gensler, U.S. Securities and Exchange Commission (SEC) Chair, gave certain insights into the SEC’s approach to crafting new rules that would require SEC registrants to disclose information on climate-related risk.
There is broad and deep support for advancing mandatory, rigorous climate disclosure with the non-political motivation of protecting the future of the U.S. economy.
Indonesia is proposing a carbon tax of about $5 per ton of emissions in a bid to raise state revenues and meet climate goals.
With over four years of TCFD reporting now behind us, common practices of TCFD reporting are emerging. Some of these are fit for purpose, others are failing to provide investors with useful information, and in some cases may miss the goal entirely. In this panel discussion, speakers explore where TCFD reporting has gone wrong, and what companies can do to fix it.
