Posts Tagged ‘climate change’
More on Reporting Climate Change Risks
A nor’easter is blowing through Radical Compliance headquarters today here in New England, so what better time to talk about climate change? We have a few items about climate change risk assessment and disclosure that are worth noting. First is a speech given last week by SEC commissioner Allison Herren Lee, who has spoken about…
Read MoreGensler: Climate Risk Proposal by Year-End
SEC chairman Gary Gensler said today that he wants a draft proposal for mandatory climate risk disclosures by the end of this year, and dropped more hints than ever before about what that proposal might entail. Gensler made his remarks on a webinar hosted by Principles for Responsible Investment, a think tank that supports more…
Read MoreThe ESG Plans Keep Ramping Up
Don’t look now, but the Biden Administration continues to position its pieces on the regulatory chessboard to advance the administration’s plans for more corporate disclosure of ESG risks. First, last Thursday the president issued an executive order on the subject, addressing climate change and how the administration might use financial regulation to further enhance climate-change…
Read MoreClimate Action Heats Up at SEC!
More news this week about the Securities and Exchange Commission’s approach to climate change: the Enforcement Division has created a new task force to examine corporate disclosures about climate and ESG issues; and the two Republican commissioners on the SEC published a warning shot against the agency’s new climate change enthusiasm. Let’s start with the…
Read MoreSenate Hearing on SEC Nominee Gensler
President Biden’s nominee to run the Securities & Exchange Commission had his confirmation hearing with the Senate Banking Committee today, in a session that touched on plenty of subjects — although not too many that are directly relevant to corporate ethics and compliance officers. The nominee is Gary Gensler, who previously chaired the Commodities &…
Read MoreSEC Warning Shot on Climate Disclosure
The acting head of the Securities and Exchange Commission said today that agency staff will start paying more attention to companies’ climate change disclosures, as a prelude to the SEC updating its original climate change guidance now 11 years old. Allison Herren Lee, acting chair since the Biden Administration took office in January, released her…
Read MoreA Word on Climate Change Risks
So as you may have noticed recently, the world is on fire. And being buffeted by hurricanes. And suffering drought. And watching the polar ice caps melt away like Red Sox playoff hopes every summer. Put simply, mankind is past the point of preventing the deleterious effects of climate change. Those effects are here now.…
Read MoreClimate Change Risk and Supply Chains
Let’s say you are a large manufacturing, retail, or industrial concern; and you want to assure that your supply chain won’t be disrupted by climate change. How would you actually assess and quantify that risk? That’s not a hypothetical question for large businesses. As global warming continues, extreme weather events become more frequent and more…
Read MoreMore Thoughts on Climate Costs
Last week we had a post about corporate disclosure of climate change issues, and the challenge of making useful disclosures under our currently crazy-quilt system of frameworks, standards, and scant regulatory direction. Too much noise about planning for better disclosure, not enough signal on how to do it. One Radical Compliance reader emailed to say…
Read MoreThoughts on Climate Change Disclosure
Am I imagining things, or have people suddenly turned up the heat on corporate disclosure of climate change issues? Just today, for example, business and political leaders at Davos (always a leading source of hot air) announced a new framework for corporations to report sustainability metrics according to the U.N. Sustainable Development Goals. Climate change…
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