Resources for Directors
Understand climate-related risks and opportunities and build climate competence to remain competitive
Climate Change 2021: The Physical Science Basis
The Working Group I contribution to the Sixth Assessment Report addresses the most up-to-date physical understanding of the climate system and climate change, bringing together the latest advances in climate science, and combining multiple lines of evidence from paleoclimate, observations, process understanding, and global and regional climate simulations.
Read morePrimer on Climate Change: Directors’ Duties and Disclosure Obligations
The evolution of our understanding of climate change from an ethical or environmental issue to one that presents foreseeable financial and systemic risks (and opportunities) over short, medium and long-term investment horizons has significantly changed its relevance to the governance of both corporations and investors. This evolution means there are serious implications for the duties […]
Read moreFollowing the Footpath to Mandatory TCFD Disclosure in the United Kingdom: Lessons for Canadian and Other Regulators
Regulators in Canada and elsewhere are considering regulatory changes to accelerate the transition towards net-zero carbon emissions. Part of that consideration is whether to adopt the Taskforce on Climate-related Financial Disclosures (TCFD) four pillar framework of governance, strategy, risk management, and metrics and targets. We can learn from regulators that have already adopted measures, in […]
Read moreMeasuring Portfolio Alignment: Technical Supplement
The Task Force conducted a public consultation from October 29, 2020–January 28, 2021, to gather feedback on potential forward-looking metrics for financial institutions. In conjunction with this consultation, the Portfolio alignment Team (PAT) issued a report in 2020 titled Measuring Portfolio Alignment: Assessing the Position of companies and Portfolios on the Path to Net Zero. […]
Read moreProposed Guidance on Climate-related Metrics, Targets, and Transition Plans
In 2017, the Financial Stability Board’s (FSB’s) Task Force on Climate-related Financial Disclosures (the Task Forceor TCFD) provided three recommended disclosures regarding climate-related metrics and targets (Figure A1) as well as guidance for all sectors and supplemental guidance for specific sectors supporting implementation of these recommended disclosures. When the Task Force issued its Final Recommendations […]
Read moreNet Zero by 2050: A Roadmap for the Global Energy Sector
The number of countries announcing pledges to achieve net-zero emissions over the coming decades continues to grow. But the pledges by governments to date – even if fully achieved – fall well short of what is required to bring global energy-related carbon dioxide emissions to net zero by 2050 and give the world an even […]
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