Blog/News Article

Banking Regulators Act in the Face of Headwinds to Address Climate Risk

This blog discusses new regulations released by a group of independent federal agencies that demonstrate a partisan divide on the subject of climate-related financial risk. However, these regulations are a positive step towards recognizing and addressing climate-related financial risk alongside other risks that the financial sector has been considering for…

Chloe FieldNovember 10, 2023

Blog/News Article Financial Disclosure Financial Regulation

The Tragedy on the Financial Horizon is Closer Than You Think

This blog post introduces and discusses the "tragedy on the horizon", which has become a central concept of much climate risk discourse. Efforts to incorporate climate risk through activities like scenario analysis and target-setting have tended to focus on long-term time horizons, focusing on emissions trajectories and climate impacts that…

Ilmi GranoffMay 4, 2023

Blog/News Article Financial Disclosure Financial Regulation Regulatory Activities

Global Consensus is Emerging on Corporate Scope 3 Disclosures. Will the SEC Lead or Lag?

2023 is a significant year for corporate climate disclosure rules: regulators around the world are issuing or strengthening their disclosure requirements for registered companies pertaining to sustainability and climate-related financial risk. In Europe, the European Commission plans to finalize initial reporting standards for corporate sustainability reporting by June. UK regulators…

Cynthia HanawaltMarch 28, 2023

Blog/News Article Financial Regulation

The Fiduciary Duty of Directors to Manage Climate Risk: An Expansion of Corporate Liability Through Litigation?

This blog post provides an overview of the case, ClientEarth v. Shell's Board of Directors, in the context of corporate climate litigation, specifically other claims brought against Shell.

Cynthia Hanawalt and Maria Antonia TigreFebruary 15, 2023

Blog/News Article Financial Regulation Regulatory Activities

DOL Rule Clarifies That ESG Analysis Is Consistent With Fiduciary Duty. Will It Preempt State Anti-ESG Laws?

This blog discusses the Department of Labor's final rule that was issued on Tuesday, November 22, that allows for plan fiduciaries to consider climate change and other environmental, social, and governance (ESG) characteristics when they choose investments and exercise shareholder rights, reversing a Trump-era rule that sought to constrain this…

Cynthia Hanawalt and Eleonor Dyan GarciaNovember 23, 2022

Blog/News Article Financial Regulation

Are Collective Net Zero Targets Anticompetitive?

This blog post discusses the Net Zero Banking Alliance, which is one of the more than 150 business climate collaborations that have arisen in recent years as the private sector begins to grapple with its role in combatting climate change. As these groups have proliferated, they have faced scrutiny from…

Cynthia HanawaltNovember 4, 2022

Blog/News Article Financial Disclosure Financial Regulation

Widespread Support for the SEC’s Proposed Climate Risk Disclosure Standards

As shown in the quotes collected in this blog, a proposal from the Securities and Exchange Commission (SEC) that would standardize public companies’ disclosures of climate risk information is getting strong support from the general public, investors, companies of various sizes across a wide range of sectors, law and business…

Stephanie Jones and Andrew HowellSeptember 13, 2022

Blog/News Article Financial Disclosure Financial Regulation

The SEC’s Climate-Risk Disclosure Rule Is Not Novel. And That’s a Good Thing.

This blog explains that the SEC’s proposed climate risk disclosure rule is not novel or unique, but well-centered within the constellation of prior SEC regulations.

Bridget PalsJuly 15, 2022

Adaptation as Risk Management Blog/News Article Energy Regulation Risk Management State Energy Regulation

Announcing the Electric Resilience Toolkit

This blog introduces the Electric Resilience Toolkit, a platform designed to provide engagement-focused information for use directly in regulatory proceedings to support well-designed climate resilience planning by electric utilities. The toolkit is available at: https://www.icrrl.org/electric-resilience-toolkit/

Romany Webb, Noha Haggag and Michael PanfilJune 16, 2022

Blog/News Article Energy Regulation

Electricity Operators Must Wake Up to Climate Change — or Brace for Summer Outages

This opinion piece explains that with above-average temperatures forecast for much of the U.S. in coming months, electric system operators are facing the prospect of high electricity demand and reduced supply, which will make it difficult to keep the lights on. It argues that it is well past time for…

Romany WebbMay 19, 2022

Banking Regulators Act in the Face of Headwinds to Address Climate Risk

The Tragedy on the Financial Horizon is Closer Than You Think

Global Consensus is Emerging on Corporate Scope 3 Disclosures. Will the SEC Lead or Lag?

The Fiduciary Duty of Directors to Manage Climate Risk: An Expansion of Corporate Liability Through Litigation?

DOL Rule Clarifies That ESG Analysis Is Consistent With Fiduciary Duty. Will It Preempt State Anti-ESG Laws?

Are Collective Net Zero Targets Anticompetitive?

Widespread Support for the SEC’s Proposed Climate Risk Disclosure Standards

The SEC’s Climate-Risk Disclosure Rule Is Not Novel. And That’s a Good Thing.

Announcing the Electric Resilience Toolkit

Electricity Operators Must Wake Up to Climate Change — or Brace for Summer Outages

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