Climate Risk

Ceres Applauds Two SEC Rule Proposals Designed To Protect Investors With Stronger ESG Disclosures From Investment Funds and Advisors

Press Release

The sustainability nonprofit Ceres submitted comments today in support of the U.S. Securities and Exchange Commission’s (SEC) proposed rules which aim to strengthen protections and address increasing confusion and greenwashing concerns around the rapid growth of ESG-oriented funds.

Greenhouse Gas Emissions Vary Dramatically Across U.S. Oil and Gas Companies, According to Updated Analysis

Press Release

Analysis from Ceres and Clean Air Task Force benchmarking the relative emissions intensity and total reported methane, carbon dioxide, and nitrous oxide emissions of more than 300 U.S. oil and gas producers finds dramatic variations between companies and basins. In the second year of this analysis, the highest emitting oil and gas companies had a methane emissions intensity nearly 23 times that of the lowest emitting companies according to the most recently available data from the U.S. Environmental Protection Agency.

Ceres Finds U.S. Financial Regulators Have Made Significant Progress in Addressing Climate-Related Financial Risk Over the Past Year

Nine federal agencies have taken 230 actions to address climate financial risk, according to a new 2022 Ceres scorecard.
Press Release

June 27, 2022 /3BL Media/ - A new scorecard released today by Ceres shows that U.S. financial regulators across nine federal agencies have taken 230 actions since April 2021 to tackle the financial risks of climate change, a clear sign of regulatory progress.

New Report Finds Half of All Credit Union Industry Assets at Risk From Climate Change

Report highlights both the challenges and opportunities facing the U.S. credit union industry, and offers a set of clear action steps
Press Release

Ceres and the Filene Research Institute have released a new report that finds thousands of U.S credit unions have significant unaddressed risk arising from the climate crisis. This first-of-its-kind analysis provides insights on how credit unions can respond to the climate crisis, mitigate their risks, and become part of a system-wide solution.

Ceres Applauds the Release of the NAIC's Updated Climate Risk Disclosure Survey

Press Release

April 9, 2022 /3BL Media/ - Ceres applauds the National Association of Insurance Commissioners (NAIC) for its vote today to approve the revised Climate Risk Disclosure Survey.

This revised survey responds to recommendations from the U.S. Treasury Department’s Financial Stability Oversight Council’s climate recommendations and incorporates international best practices in adopting a framework for U.S. insurers to report on climate risk.

Financing a Net Zero Economy: Banks Must Grapple With Asset-level Data

Blog

By Dan Saccardi, Program Director, Ceres Company Network; Blair Bateson, Director, Ceres Company Network; and Tamar Aharoni​, Senior Associate, Ceres Company Network

Technical Analysis by FutureProof

Ceres Welcomes SEC's New Landmark Climate Disclosure Rule Proposal

Press Release

March 21, 2022 /3BL Media/ - Ceres welcomes a new landmark rule proposal issued today by the U.S. Securities and Exchange Commission (SEC) that would require U.S. publicly-traded companies to disclose annually how their businesses are assessing, measuring, and managing climate change financial risks. The proposal is aligned with recommendations from the Task Force on Climate-related Financial Disclosures (TCFD), the leading global framework supported by more than 3,000 companies and 90 jurisdictions around the world.

Shareholders Escalate Campaign Pressing Companies to 'Walk Their Talk' on Climate Lobbying

46 shareholder resolutions for 2022 proxies call out corporations for public statements on climate action that don’t align with their lobbying activities
Press Release

With the stakes posed by the climate crisis higher than ever and public policy solutions clearly needed, investors have filed a record 46 shareholder resolutions for 2022 corporate proxies seeking information about companies’ climate lobbying practices. And in a sign of the growing influence of resolutions after last year’s historically high number of majority votes on climate-related proxy items, companies have already negotiated agreements on a record 18 lobbying-focused resolutions, vowing to take the actions sought in exchange for shareholders withdrawing resolutions.

Americans Overwhelmingly Support Mandatory Climate Disclosure for U.S. Companies

Eighty-seven percent of Americans, including 74 percent of Republicans, agree that public companies should disclose their risks from climate change
Press Release

February 17, 2022 /3BL Media/ - As the public awaits the U.S. Securities and Exchange Commission’s proposed rule on mandatory climate disclosure for publicly-traded companies, a new poll sponsored by the nonprofits Ceres and Public Citizen, in partnership with JUST Capital and SSRS, found that 87 percent of Americans are in favor of companies reporting their climate-related risks.

Risk Management Association, Top U.S. and Canadian Banks Form Consortium to Tackle Climate Risk

Consortium Establishes Needed Risk Management Practices
Press Release

PHILADELPHIA, January 12, 2022 /3BL Media/ - The Risk Management Association (RMA) announced today that 19 leading banks have formed the RMA Climate Risk Consortium (“The Consortium”), which will develop standards for banks to integrate climate risk management throughout their operations, preparing the industry to help economies transition to a low-carbon future.

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