Survey results: companies plan to increase spending on ESG

Here’s the intro from this blog by Cooley’s Cydney Posner: ESG backlash notwithstanding, a recent global survey conducted by KPMG of 550 company directors and members of management showed that the vast majority of global organizations plan to increase spending on sustainability initiatives over the next three years. Why?  KPMG’s US ESG Audit Leader told…

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The SEC will consider adopting climate disclosure rule next Wednesday

Here’s something that I just blogged on PublicChatter.com: It’s happening! The SEC has posted this Sunshine Act notice to inform us that it will hold an open Commission meeting next Wednesday, March 6th to decide whether to adopt a final climate disclosure rule. You can attend the meeting virtually, which commences at 9:45 am eastern…

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“Ocean current” science shows we are at a tipping point

Here’s the intro from this LA Times article (also see this “Science Advances” article): Scientists are sounding the alarm that a crucial component of the planet’s climate system is in gradual decline and could one day reach a tipping point that would radically alter global weather patterns. The Atlantic Meridional Overturning Circulation, or AMOC, is…

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What could your ESG risk really cost?

Here’s an excerpt from this article by Sally Curley that ran in “Directors & Boards”: ESG Predictions for 2024: What Boards Must Know Several law and advisory firms have recently published predictions about ESG in 2024. I offer some of my own: Investor support of ESG proposals will become more selective, based on how prescriptive…

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Climate disclosure should help investors understand: the bottom line

In this note, Alison Taylor remarks (see her article – and her book): I’ve been in several discussions recently, and on a few panels, where I emphasized the need to be strategic and focused on sustainability issues, only to have the people I’m speaking to immediately descend into an impenetrable alphabet soup of ESG reporting…

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10 questions for boards new to ESG to consider

It’s always useful to see what questions other directors are asking to consider whether your directors should be asking the same questions. That’s why I love this Protiviti article – it’s useful as food for thought. The article lists 10 questions about ESG reporting that directors should consider. The ten questions are: 1. Have we…

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‘Competence greenwashing’ could be a big risk for the ESG industry

– There is a wide disparity in ESG expertise among those doing ESG work. Many getting into the ESG field are moved over from a number of other departments. – Properly evaluate quality of ESG training programs. Collaborate with professional organizations to get the scientific expertise you need. Kim Schumacher has written a number of…

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Transition finance mapping

Here’s a note from David Carlin: A tremendous resource on transition finance and transition planning frameworks from the Climate Bonds Initiative (CBI)! This resource explores and compares a variety of different frameworks from regulators, standard-setters, data providers, and financial initiatives. It shows how these frameworks classify various activities, what is included within their scope, the…

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