The SEC should avoid forcing companies to disclose how business operations affect the environment and society, says the Financial Economist Roundtable.
A group including Rep. Alexandria Ocasio-Cortez says the Fed needs to be focused on "eliminating climate risk and advancing racial and economic justice."
Will the SEC adhere to the concept of materiality when formulating new climate risk disclosure rules?
Winter storms, intense heatwaves, and severe flooding triggered $40 billion of estimated losses in the first half of 2021.
The deal will add "significant capabilities across climate, cyber, commercial real estate, and supply chain risk" to Moody's insurance data business.
“It’s a huge shift in messaging if they’re saying there’s no need to invest in new fossil fuel supply."
CFOs should start planning their communications strategies and assessing climate-related business risks as soon as possible.
"Acquisitions are in our future, and fintech is an area where some of that cash could be put to work," said the JP Morgan chairman.
The orders will focus on health, racial equality, climate change, and ethics.
The appointment would being Deese back to the White House after three years as head of the sustainable investing group at investment giant BlackRock.
Current rules have "not resulted in disclosures of a scope, breadth, and quality to be sufficiently useful to market participants and regulators."
“Auditors have a responsibility to properly challenge management to assess and report the impact of climate change on their business.”
