Managing Climate Risk in the U.S. Financial System PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Managing Climate Risk in the U.S. Financial System PDF full book. Access full book title Managing Climate Risk in the U.S. Financial System by Leonardo Martinez-Diaz. Download full books in PDF and EPUB format.
Author: Leonardo Martinez-Diaz
Publisher: U.S. Commodity Futures Trading Commission
ISBN: 057874841X
Category : Science
Languages : en
Pages : 196
Get Book Here
Book Description
This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Author: Leonardo Martinez-Diaz
Publisher: U.S. Commodity Futures Trading Commission
ISBN: 057874841X
Category : Science
Languages : en
Pages : 196
Get Book Here
Book Description
This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Author: Sustainability Accounting Standards Board
Publisher: Createspace Independent Publishing Platform
ISBN: 9781542365086
Category : Accounting
Languages : en
Pages : 0
Get Book Here
Book Description
SASB's Technical Bulletin on Climate Risk is designed to help investors better understand, measure and manage their exposure to climate-related risk. The research finds that climate change affects 72 out of 79 industries (93 percent of the capital markets, or $27.5 trillion) but manifests differently from one industry to the next. Due to the ubiquity of climate risk, investors can't simply diversify away from it; instead they must focus on managing it-and on encouraging portfolio companies to manage it-in all its forms. The foreword to the guide, authored by former Secretaries of the Treasury Robert Rubin and Hank Paulson, emphasizes the need for better disclosure. "If investors are to effectively evaluate climate risk, they need a far better understanding of granular, industry-specific climate impacts, with industry-specific standards by which to evaluate corporate performance on these issues. By adopting a set of industry-based market standards for disclosure, especially in SEC filings, investors will be able to accurately compare and contrast companies," they write. "This latest SASB bulletin is a good next step toward this goal, and offers for the first time a comprehensive guide to understand and measure the unique climate impacts across all industries of the economy."
Author: Great Britain
Publisher:
ISBN: 9780348228519
Category :
Languages : en
Pages : 8
Get Book Here
Book Description
Enabling power: Companies Act 2006, ss. 468 (1) (2). Issued: 28.10.2021. Sifted: -. Made: -. Laid: -. Coming into force: 06.04.2022. Effect: 2006 c. 46 amended. Territorial extent & classification: E/W/S. For approval by resolution of each House of Parliament
Author: Mr. Fabien Gonguet
Publisher: International Monetary Fund
ISBN: 1513583042
Category : Business & Economics
Languages : en
Pages : 21
Get Book Here
Book Description
Public financial management (PFM) consists of all the government’s institutional arrangements in place to facilitate the implementation of fiscal policies. In response to the growing urgency to fight climate change, “green PFM” aims at adapting existing PFM practices to support climate-sensitive policies. With the cross-cutting nature of climate change and wider environmental concerns, green PFM can be a key enabler of an integrated government strategy to combat climate change. This note outlines a framework for green PFM, emphasizing the need for an approach combining various entry points within, across, and beyond the budget cycle. This includes components such as fiscal transparency and external oversight, and coordination with state-owned enterprises and subnational governments. The note also identifies principles for effective implementation of a green PFM strategy, among which the need for a strong stewardship located within the ministry of finance is paramount.
Author:
Publisher: World Business Pub.
ISBN: 9781569735688
Category : Business enterprises
Languages : en
Pages : 0
Get Book Here
Book Description
The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.
Author: El Bachir Boukherouaa
Publisher: International Monetary Fund
ISBN: 1589063953
Category : Business & Economics
Languages : en
Pages : 35
Get Book Here
Book Description
This paper discusses the impact of the rapid adoption of artificial intelligence (AI) and machine learning (ML) in the financial sector. It highlights the benefits these technologies bring in terms of financial deepening and efficiency, while raising concerns about its potential in widening the digital divide between advanced and developing economies. The paper advances the discussion on the impact of this technology by distilling and categorizing the unique risks that it could pose to the integrity and stability of the financial system, policy challenges, and potential regulatory approaches. The evolving nature of this technology and its application in finance means that the full extent of its strengths and weaknesses is yet to be fully understood. Given the risk of unexpected pitfalls, countries will need to strengthen prudential oversight.
Author: Marie-Claire Cordonier Segger
Publisher: Taylor & Francis
ISBN: 1040152031
Category : Law
Languages : en
Pages : 533
Get Book Here
Book Description
Courage, Contributions and Compliance: The Routledge Handbook of Climate Law and Governance recognises calls from the United Nations (UN), the Intergovernmental Panel on Climate Change (IPCC). The elders, and others, for climate justice and urgent action, and convenes insights from leading legal and institutional experts, professors, professionals and early career scholars on emerging climate law and policy challenges, commitments and solutions. The collection explores the role of law and governance in scaling up global responses to climate change and advancing sustainability. Based on careful study of international advances and the full spectrum of Nationally Determined Contributions (NDCs) to the global response to climate change, as submitted by Paris Agreement Parties to the UN Framework Convention on Climate Change (UNFCCC), the volume compiles a compelling, coherent and systematic topical account from across diverse legal jurisdictions. Analytical chapters by leading experts, practitioners and scholars close to ongoing climate negotiations explore recent legal and institutional innovations related to climate change which can support implementation and compliance with the Paris Agreement and advance the global Sustainable Development Goals (SDGs). They highlight ways to raise ambition through law and policy, to reform national legal and institutional arrangements to implement NDCs and to further develop international law and governance in the face of the existential threat of climate change and the world: sustainable development commitments. Presenting a pathway for advancing climate ambition in the coming decades, this book will be of interest to government officials, academics, students, professionals and policy makers working in the area of climate law and governance.
Author:
Publisher: World Bank Publications
ISBN: 9780821353448
Category : Political Science
Languages : en
Pages : 270
Get Book Here
Book Description
The World Bank Group works in more than 100 developing economies and is one of the world's largest sources of development assistance. In 2002, the institution provided US $19.5 billion in loans to its client countries. This guide reviews the organisation's history, objectives and operations, and looks at the five institutions that make up the World Bank Group: the International Bank for Reconstruction and Development (IBRD), the International Development Association (IDA), the International Finance Corporation (IFC), the Multilateral Investment Guarantee Agency (MIGA), and the International Centre for Settlement of Investment Disputes (ICSID).
Author:
Publisher:
ISBN: 9781921120565
Category : Greenhouse gases
Languages : en
Pages : 73
Get Book Here
Book Description
"A guide to integrating climate change impacts into risk management and other strategic planning activities in Australian public and private sector organisations." - page 8.
Author: Ian Long
Publisher: Taylor & Francis
ISBN: 1003845401
Category : Business & Economics
Languages : en
Pages : 220
Get Book Here
Book Description
This book is about a much neglected but essential element of the success of any business: company policy. This is a comprehensive guide to determining what policies your company needs, and how to draft and approve the relevant documents and implement them throughout the organization. From anti-bribery laws to data privacy and health and safety, your business is faced with a range of legal and regulatory obligations that must be identified and documented properly. These obligations must be addressed for internal and external stakeholders. The task of identifying and documenting effective policies is an essential step in establishing good corporate governance and ultimately a culture of compliance. These policies in turn provide a solid foundation for the reputation and commercial success of the organization, and form an essential "bridge" between the company’s strategy and the various procedures needed to carry it out. With many useful templates and practical examples, this book will help you to ensure the accuracy and completeness of your policy documents. It covers all areas of your business, including financial reporting, anti-money laundering, anti-fraud, conflicts of interest, data privacy and security, remote working, social media, whistleblowing, and more. This book will be useful to company directors, company secretaries and senior managers, and their advisers, including consultants, auditors, and solicitors. It will be particularly relevant to any business that needs to create or review their policies in light of current regulations and standards.
