In this article, we develop a critical review of the empirical and theoretical literature concerning the impact of climate‐related risks on the price of financial assets. We first present the theoretical links between asset pricing and climate‐related risks and develop a theory of how climate ...
Climate-related risks in financial assets 2023, Journal of Economic Surveys Compound droughts and heat waves over the huai river basin of china: From a perspective of the magnitude index 2021, Journal of Hydrometeorology Energy finance must account for extreme weather risk 2020, Nature Energy View ...
Indeed, although there is a long standing literature on the macroeconomic impacts of climate change and an emerging literature on the relationship between certain climate-related risks and financial assets, the literature on both the transmission channels and consequences of climate-related risks for fin...
to Assess System-wide Effects and Financial Stability 66 Next Steps 66 Chapter 4: Climate-related Disclosures 67 Public Disclosure of Climate-related Risks 67 Public Disclosure of Climate-related Risks and Financial Stability 68 Current State of Public Climate-related Disclosures in the United States....
financial institutions with over $100 billion in total consolidated assets. Practical Guidance developed this checklist to aid institutions and in-house counsel in understanding the risk management principles and provide recommendations to address climate-related financial risks for large finan...
The purpose of climate standards, as set out in the Financial Reporting Act*, are to provide for, or promote, climate-related disclosures, to: encourage entities to routinely consider the short, medium, and long-term risks and opportunities that climate change presents for the activities of ...
The TCFD was established in 2015 by the Financial Stability Board (FSB), a global body that monitors and makes recommendations about the global financial system. The TCFD developed a framework to help organizations assess and disclose their climate-related financial risks and opportunities. It recomme...
“strategy, financial planning, and capital allocation,” including, as applicable, whether the identified impacts have been integrated in the registrant’s business model or strategy (including whether and how resources are being used to mitigate climate-related risks), and how ...
As chair of the Financial Stability Oversight Council, Yellen sets the agenda for the powerful group of financial regulators and in March usedher first meetingleading the panel to stress the need for action on climate risks. The Federal Reserve and Securities and Exchange Commission have also...
Readers are encouraged to consult other resources, professional advisors and the rule directly for a full understanding of what registrants are required to disclose in financial statements. An SEC fact sheet5summarized the disclosures as: climate-related risks and their actual or like...