Financial Disclosure Archives - Page 5 of 7 - Initiative on Climate Risk and Resilience Law

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Stakeholder Guide to the SEC’s Proposed Rule on Climate-Related Disclosure

This guide provides information on the Securities and Exchange Commission's proposed rule on climate-related disclosure, including a summary of the proposed disclosure standards, an explanation of the importance of these disclosures for investors, and an overview of the public comment process.

Gabriel Malek, Michael Panfil and Stephanie JonesApril 4, 2022

Blog/News Article Financial Disclosure Financial Regulation

Climate Change Creates Financial Risks. Investors Need to Know What Those Are.

This blog explains why the Securities and Exchange Commission's proposed climate disclosure standards are long overdue and a critical step to ensuring investors have access to information about the investment risks faced from climate.

Michael Panfil and David VictorMarch 29, 2022

Adaptation as Risk Management Agency Filing Environmental Justice Financial Disclosure Financial Regulation Regulatory Activities Risk Management

Comments to the OCC on Principles for Climate-Related Financial Risk Management for Large Banks

These comments to the Office of the Comptroller of the Currency (OCC) support the OCC's draft principles on banks' management of climate-related financial risks, and offer recommendations for the OCC as it continues building on these principles with more detailed guidance. The comments recommend that the OCC consider: (1) providing…

Stephanie Jones, Michael Panfil, Jack Lienke and Bridget PalsFebruary 14, 2022

Financial Disclosure Financial Regulation Report

Assessing the Costs and Benefits of Mandatory Climate Risk Disclosure

As the Securities and Exchange Commission (SEC) prepares a new climate risk disclosure rule, this report analyzes relevant case law and highlights best practices that the SEC can follow in estimating the rule’s economic impacts. With trade groups expected to challenge any new disclosure requirement by claiming that its costs…

Jack Lienke and Alex SongJanuary 19, 2022

Adaptation as Risk Management Blog/News Article Environmental Justice Financial Disclosure Financial Regulation Private Governance Risk Management

Climate Change Comes to Insurance

This opinion piece explains the risks climate change poses to insurers, both as underwriters and as investors. It argues that it is necessary to align incentives in the insurance industry to prevent widespread defaults that would leave policyholders unprotected and examine areas where risks are distributed inequitably.

Bridget Pals and Michael PanfilDecember 3, 2021

Adaptation as Risk Management Agency Filing Environmental Justice Financial Disclosure Financial Regulation Private Governance Risk Management

Comments to Federal Insurance Office on the Insurance Sector and Climate-Related Financial Risks

These comments make recommendations to the Treasury Department's Federal Insurance Office on how it can monitor, analyze, and address climate-related risks in the insurance industry.

Jack Lienke, Bridget Pals, Alex Song, Madison Condon, Michael Panfil, Stephanie Jones and Romany WebbNovember 15, 2021

Blog/News Article Financial Disclosure Financial Regulation

Mandating Disclosure of Climate-Related Financial Risk (Blog)

This blog outlines reasons for supporting the SEC’s plan to propose a rule requiring standardized climate risk disclosures and provides several recommendations for how the SEC should build its institutional knowledge as it designs and enforces a climate risk disclosure regime, drawing on a forthcoming paper in the N.Y.U. Journal…

Alex Song, Jack Lienke, Madison Condon, Michael Panfil and Sarah LadinNovember 4, 2021

Blog/News Article Financial Disclosure Financial Regulation Regulatory Activities Risk Management

Washington and Wall Street Must Act Now to Protect Americans’ Financial Futures From Unfolding Climate Change Harms

This blog highlights eight recent actions by federal regulators to address climate risks to the U.S. financial system.

Michael Panfil, Stephanie Jones and Gabriel MalekOctober 25, 2021

Blog/News Article Financial Disclosure Financial Regulation Risk Management

Strong SEC Climate Risk Disclosure Rules Are Good for Business, Investors

This blog assesses themes from comments submitted by companies in response to the SEC's request for public input on climate risk disclosure, and identifies four elements essential to a robust rulemaking: (1) address key climate risks as well as emissions; (2) require specific and comparable line-item disclosures; (3) include climate…

Gabriel MalekAugust 4, 2021

Blog/News Article Financial Disclosure Financial Regulation Risk Management

What the SEC Can Do to Protect Investors, Companies, and People from Another Texas Power Crisis

This blog highlights findings from a report reviewing 10-K filings to the SEC in the context of the February 2021 extreme winter weather event and ensuing power outages in Texas.

Gabriel Malek, David Victor, Stephanie Jones and Michael PanfilJune 18, 2021

Financial Disclosure