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Risk Mitigation Climate Change

Fenwick & West LLP

SEC Files Brief in Support of Climate Disclosure Rules

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On August 6, the SEC filed its much-anticipated legal brief in the Eighth Circuit Court of Appeals supporting its controversial Climate Rules and responding to the arguments laid out in petitioners’ consolidated petitions for...more

Holland & Knight LLP

Corte Constitucional de Colombia declara exequible estudio de impactos climáticos en el EIA

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La Sentencia C-280 de 2024 de la Corte Constitucional de Colombia (la Sentencia) del 11 de julio de 2024, declaró la exequibilidad condicionada del inciso segundo del Artículo 57 de 1993, bajo el entendido de que hay un...more

Best Best & Krieger LLP

White House Council on Environmental Quality Finalizes NEPA Phase II Rulemaking

On May 1, 2024, the White House Council on Environmental Quality (CEQ) finalized a rule to undo most of the remaining 2020 Trump Administration changes to the federal environmental review process under the National...more

Holland & Knight LLP

Air Pollution Alert Declared in the Metropolitan Area of Nuevo Leon, Mexico

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The Official Gazette of the Constitutional Government of the Free and Sovereign State of Nuevo Leon, on April 2, 2024, published the Secretary of Health of Nuevo Leon’s "Agreement declaring an Atmospheric Pollution Alert" in...more

Latham & Watkins LLP

FRB Issues Report on Climate Scenario Analysis Pilot

Latham & Watkins LLP on

With regulators keeping close watch, the results underscore the need for ongoing climate risk management investment and adaptation within the financial sector. On May 9, 2024, the Board of Governors of the Federal...more

Hinshaw & Culbertson - Environmental, Social,...

Significant Supply Chain Implications as Federal Acquisition Regulatory Council Issues Sustainable Procurement Rule

As we have previously emphasized, businesses of all sizes and in all sectors should tune into sustainability and environmental, social, and governance (ESG) regardless of the status of U.S. regulatory frameworks mandating ESG...more

Mayer Brown

TCFD Reporting Pensions Regulator Review of 2023 Reports

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The Pensions Regulator (TPR) has published its latest review of pension scheme TCFD reports. This sets out TPR’s observations, feedback and suggested improvements for a selection of 30 reports published in 2023 (10% of the...more

BCLP

Climate Change Due Diligence for Real Estate Acquisitions

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By 2050 rising sea levels will exacerbate episodic storm surges and inundate an estimated 87,000 square kilometers (21.5 million acres) of coastal areas worldwide, exposing $1.7 trillion of real estate to catastrophic damage....more

ArentFox Schiff

Mega-Trends Impacting Municipal Market

ArentFox Schiff on

We are at the initial stages of a major paradigm shift that has significant implications for the municipal market over the next five to 10 years. A number of societal mega-trends will present material challenges for the...more

ASKramer Law

Weather & Climate Risk Management Part II: Weather Risk Management Products

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In Part I of this series on weather and climate risk management, I reviewed the context within which organizations seek to manage climate and weather-related risks. With extreme weather events becoming more common, there are...more

Pillsbury Winthrop Shaw Pittman LLP

SEC Adopts Long-Anticipated Final Rules on Climate-Related Disclosure Requirements

The rules impose standardized disclosure requirements on public companies beginning as early as 2026 (for fiscal year ending 2025, depending on filer status). Climate-related disclosures, including in financial statement...more

Goldberg Segalla

New SEC Climate Disclosure Mandate Faces Pushback

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The U.S. Securities and Exchange Commission last week approved the implementation of standardized climate disclosure rules (posted here) for publicly traded companies and in public offerings. No longer can companies simply...more

Snell & Wilmer

SEC Revises (and Weakens) Climate Disclosure Rules

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On March 6, 2024, the U.S. Securities and Exchange Commission (SEC) adopted final climate disclosure rules sparking a range of reactions within the business and environmental communities. These changes represent a significant...more

King & Spalding

SEC Adopts Final Climate Disclosure Rules

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Proposed rules are moderately scaled-back in final version; Scope 1 and 2 are required if material; Scope 3 is out; compliance will still be burdensome - On March 6, 2024, by a split vote of 3-2, the U.S. Securities and...more

Stinson - Corporate & Securities Law Blog

SEC Adopts Final Climate Rules

The SEC adopted amendments to its rules under the Securities Act of 1933 and Securities Exchange Act of 1934 that will require registrants to provide certain climate related information in their registration statements and...more

K&L Gates LLP

SEC Issues Long-Awaited Climate Risk Disclosure Rule

K&L Gates LLP on

Introduction - On Wednesday, 6 March 2024, the Securities and Exchange Commission (SEC) approved its highly anticipated final rules on “The Enhancement and Standardization of Climate-Related Disclosures for Investors” by a...more

J.S. Held

2024 J.S. Held Global Risk Report: Weather and Natural Disasters

J.S. Held on

The growing frequency and ferocity of major weather events and natural disasters have pushed the climate change discussion to the forefront of governments and businesses. Droughts, floods, wildfires, earthquakes, and volcanic...more

BCLP

Action Stations - Activist investors are hoping to influence the ESG agenda; what are the likely wider repercussions for the...

BCLP on

The ESG litigation landscape is rapidly developing. Activist claimants, whose end-goal is to effect change in the management, ESG policies or ESG credentials of companies or regulated firms, are progressively pressurising...more

Dechert LLP

Monetary Authority of Singapore Launches Singapore-Asia Taxonomy for Sustainable Finance

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Following four rounds of public consultation, the Monetary Authority of Singapore (MAS) formally launched the Singapore-Asia Taxonomy (the Taxonomy) at COP28 on 3 December 2023. The Taxonomy is not designed to be an...more

Mintz

Kudos to the Healey-Driscoll Administration for a continued focus on our approaching climate change crisis, but we need to start...

Mintz on

The Healey-Driscoll Administration's announcement of its ResilientCoasts Initiative garnered a lot of attention, as it should have. If you believe the scientists (and, if you don't, you might as well stop reading here), we...more

Cadwalader, Wickersham & Taft LLP

ECB Cautions Banks About Heightened Exposure to Climate Litigation

At a September legal conference convened by the European Central Bank (ECB), Frank Elderson, a member of the ECB’s executive board and vice-chair of its supervisory board, observed the increasing risk of climate lawsuits and...more

Holland & Knight LLP

Agency Guidelines Confirm That Climate-Related Financial Risk Is Real

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The U.S. Department of the Treasury's Office of the Comptroller of the Currency (OCC), Board of Governors of the Federal Reserve System (Board) and the Federal Deposit Insurance Corp. (FDIC) (collectively, the Agencies) on...more

StoneTurn

Carbon Inventories: California Here We Come!

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The fifth largest economy in the world just passed a law to require any business with over $1 billion in revenues to report their carbon emissions.  Yes, California is leading the way, again, in greenhouse gas (GHG) reduction...more

Alston & Bird

California’s Climate Disclosure Requirements and Their Far-Reaching Effects

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Our Environment, Land Use & Natural Resources and Securities Groups dig into a trio of new climate-related disclosure laws in California that go into effect beginning January 1....more

Akin Gump Strauss Hauer & Feld LLP

California Corporate Data Accountability and Climate-Related Financial Risk Act

California is poised to become the first state to require large companies to disclose greenhouse gas (GHG) emissions from direct operations, supply chains and employees and report on climate-related financial risk and any...more

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