The SEC’s Time To Act
A New Strategy for Advancing U.S. Corporate and Financial Sector Climate Disclosures
February 19, 2021, 5:00 am Getty/CQ-Roll Call Inc./Bill Clark
A flag flies outside of the U.S. Securities and Exchange Commission building in Washington, D.C., July 2020.
Julia Cusick
Introduction and summary
Climate change poses major risks to U.S. companies, the domestic economy, and the planet. Those risks include the loss of jobs. The 2008 financial crisis resulted in the loss of more than 8 million jobs,
1 and the cumulative job losses from future climate-driven financial impacts could be even larger.
2 With many climate risks such as hurricanes and wildfires already materializing, investors, regulators, and the public need better information to evaluate the risks to companies and the financial system and take appropriate action in response.
HSBC, Barclays, NatWest join Prince of Wales net zero banking task force
Prince Charles has launched the Terra Carta with a short film | Credit: Sustainable Markets Initiative
Executives from likes of Bank of America, BNP Paribas, Macquarie, Lloyds, and Citi also join effort to develop credible pathway to deliver a net zero banking sector
CEOs from a raft of the world s largest banks have joined together in a new task force convened by the Prince of Wales to work on meaningful and actionable plans to accelerate the world s transition to.
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