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Are Collective Net Zero Targets Anticompetitive?
Credit: Net-Zero Banking Alliance Over 150 business climate collaborations have arisen in recent years as the private sector has begun to grapple with its role in combatting climate change. The...
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DOL Rule Clarifies that ESG Analysis is Consistent with Fiduciary Duty. Will...
The federal Department of Labor (“DOL”) issued a final rule on Tuesday, November 22, allowing plan fiduciaries to consider climate change and other environmental, social and governance (“ESG”)...
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The Fiduciary Duty of Directors to Manage Climate Risk: An expansion of...
Photo by Marc Rentschler on Unsplash On February 9, 2023, ClientEarth filed a derivative action against the Board of Directors of Shell at the High Court of Justice in England and Wales (ClientEarth...
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Global Consensus is Emerging on Corporate Scope 3 Disclosures. Will the SEC...
2023 is a significant year for corporate climate disclosure rules: regulators around the world are issuing or strengthening their disclosure requirements for registered companies pertaining to...
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The Tragedy on the Financial Horizon is Closer Than You Think
Credit: Ilmi Granoff In September 2015, then Bank of England Governor Mark Carney gave a landmark speech on the “Tragedy of the Horizon.” The concept was simple: climate change creates tremendous risk...
View ArticleA Climate Adaptation Toolkit for the Insurance Industry
On July 21, 2023, the Sabin Center launched its latest report, Modelling Climate Litigation Risk for (Re)Insurers. This report, which forms part of the Sabin Center’s broader Climate Law and Finance...
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New California Legislation Would Be a Major Step Forward for Climate Disclosure
This piece previously appeared in the CLS Blue Sky Blog. The Securities and Exchange Commission regulations on climate disclosure, first proposed in March 2022 and likely to be issued in final form in...
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Decommissioning Offshore Oil and Gas Infrastructure in the Face of Climate...
Photo by Emmaus Studio on Unsplash On August 31, 2023, the Sabin Center for Climate Change Law and the Columbia Center on Sustainable Investment (CCSI), as part of their broader Climate Law and Finance...
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Banking Regulators Act in the Face of Headwinds to Address Climate Risk
President Biden’s May 2021 Executive Order on Climate-Related Financial Risk is showing results. While the financial world is still waiting for key climate-related rules from several financial...
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An Opportunity to Strengthen Climate Risk Management in the Derivatives Market
This piece previously appeared in EDF’s Climate 411 Blog. Disasters that are fueled by climate change, like fires, floods, and hurricanes, increasingly pose risks to the U.S. financial system,...
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