climate-related financial risk
California Issues the First State Guidance for Corporate Climate Risk Disclosure
CARB takes an important step in an emerging field of climate policy
The California Air Resources Board this week released draft guidance for corporate climate-related financial risk disclosure, providing some insight into what large companies will be required to report beginning in January 2026. This is a quiet but fairly monumental step in climate risk disclosure in the US, and a reminder of the power of state …
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CONTINUE READINGHow Biden’s Climate-Related Financial Risk Order Relates to State Policy
The federal government takes a big step, but state leaders still have a role to play
On Thursday the White House issued an Executive Order on Climate-Related Financial Risk that outlines a key plank in the Biden Administration’s whole-of-government approach to addressing climate change. Whereas the Trump Administration sought to actively block consideration of environmental factors in investment decision-making, the Biden Administration is directing financial and climate regulators to develop strategies …
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