Adaptation as Risk ManagementAgency FilingRisk Management

Comments to Federal Acquisition Regulatory Council on Minimizing the Risk of Climate Change in Federal Acquisitions

In the normal course of operation for federal procurement under the Federal Acquisition Regulation (FAR), care is taken to structure purchases and contracts consistent with principles of efficiency, risk management, and cost minimization. Existing procedures, however, do not yet incorporate and manage financial risks posed by the consequences of climate…
Agency FilingFinancial RegulationRegulatory Activities

Comments on Department of Labor Proposed Rule on Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights

These comments support a Department of Labor proposed rule that clarifies that retirement plan fiduciaries should consider climate risk and other ESG factors whenever relevant to financial risk-return analysis for investment and proxy voting decisions. The comments additionally offer suggestions on potential improvements to the proposal for the Department's consideration.
Adaptation as Risk ManagementBlog/News ArticleEnvironmental JusticeFinancial DisclosureFinancial RegulationPrivate GovernanceRisk 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.
Blog/News ArticleFinancial DisclosureFinancial 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…
Adaptation as Risk ManagementAgency FilingEnergy RegulationFederal Energy RegulationRisk Management

Supplemental Comments on FERC’s Technical Conference on Climate Change, Extreme Weather, and Electric System Reliability

These post-technical conference comments provide further recommendations on how FERC can support effective climate resilience planning throughout the energy system, supplementing an earlier set of pre-technical conference comments.