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Adaptation as Risk ManagementFinancial DisclosureFinancial RegulationRegulatory ActivitiesReportRisk Management

An Investor Guide to the SEC Rule on Climate-Related Disclosures

On March 6, 2024, the Securities and Exchange Commission (SEC) issued a final rule for “The Enhancement and Standardization of Climate-Related Disclosures for Investors.” The rule requires covered companies to disclose certain types of climate-related information, bringing climate risk disclosure on par with other financial reporting requirements for publicly traded…
Gabrielle Stephens
March 18, 2024
Blog/News ArticleEnvironmental JusticeFinancial DisclosureFinancial RegulationRegulatory ActivitiesRisk Management

What Climate-related Financial Risk Means for Communities: Part 3 – Community Banking

Climate change-driven events—like heat waves, droughts, floods, and fires—cause damage to communities’ and individuals’ health and safety. But these events also threaten the financial well-being of communities across the U.S. through their impact on markets and local economies. These risks are increasingly visible in the housing and mortgage markets. In…
Gabrielle Stephens
February 15, 2024
Agency FilingFinancial RegulationRisk Management

Comments to the CFTC on Potential Regulatory Amendments Governing Risk Management Programs

These comments support the CFTC’s intention to update its risk management program regulations, and in particular urge the CFTC to ensure that such programs adequately account for climate-related financial risks. The ANPRM asks whether the CFTC should consider enumerating climate-related financial risk in the risk management program regulations. Whether through…
Gabrielle Stephens
September 18, 2023
Agency FilingFinancial DisclosureRegulatory Activities

Comments to the Federal Reserve on Principles for Climate-Related Financial Risk Management for Large Financial Institutions

These comments support the Draft Principles as an important step in the Board’s efforts to guide banks to update their risk management practices as needed in light of climate-related financial risks, thereby promoting safety and soundness. We recommend that the Board continue building upon these Draft Principles with final guidance,…
Gabrielle Stephens
February 6, 2023