Limit ESG Disclosures to Cash-Flow Impacts: Economists
The SEC should avoid forcing companies to disclose how business operations affect the environment and society, says the Financial Economist Roundtable.
Progressives Urge Biden to Replace Fed Chief
A group including Rep. Alexandria Ocasio-Cortez says the Fed needs to be focused on "eliminating climate risk and advancing racial and economic justice."
Materiality Question Dogs SEC’s ESG Disclosure Project
Will the SEC adhere to the concept of materiality when formulating new climate risk disclosure rules?
Weather Catastrophes Drive Near-Record Insured Losses
Winter storms, intense heatwaves, and severe flooding triggered $40 billion of estimated losses in the first half of 2021.
Moody’s to Buy Risk Modeling Firm RMS for $2B
The deal will add "significant capabilities across climate, cyber, commercial real estate, and supply chain risk" to Moody's insurance data business.
IEA Calls for Halt to Fossil Fuel Investment
“It’s a huge shift in messaging if they’re saying there’s no need to invest in new fossil fuel supply."
Getting a Jump on Climate Change Disclosures
CFOs should start planning their communications strategies and assessing climate-related business risks as soon as possible.
JP Morgan’s Jamie Dimon Says Economic Boom Could Continue Into 2023
"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.
Biden to Issue Executive Orders on Day One
The orders will focus on health, racial equality, climate change, and ethics.
Biden to Tap Brian Deese as Top Economic Aide
The appointment would being Deese back to the White House after three years as head of the sustainable investing group at investment giant BlackRock.
CFTC Urges Changes to Climate Risk Disclosure
Current rules have "not resulted in disclosures of a scope, breadth, and quality to be sufficiently useful to market participants and regulators."