April/May Newsletter - Climate Risk Disclosure is emerging as key issue for policymakers |
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Dear TSBR Follower, The recently released comprehensive SEC proposal on climate risk disclosure covers a wide range of factors including board oversight. We have added a link to the 3-page summary below. The SEC has asked for comments from the public until the 20th of May. TSBR will provide comments on board oversight and recommend more standardised disclosure of board members' experience and competence in ESG governance, as well as highlight the importance of the board exercising structured supervision. That is, organisational alignment with the executive committee and key knowledge owners in the wider business. In our latest podcast episode of 'Leadership Conversations' we speak to board advisor, chair and author Patrick Dunne about the recent history and notable changes of boards in general. We also talk about his book 'Boards', a useful guide for everyone who wants to understand the dynamics of corporate governance better. |
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Securities and Exchange Commission (SEC) Enhancement and Standardisation of Climate-Related Disclosures The Securities and Exchange Commission proposed rule amendments that would require a domestic or foreign registrant to include certain climate-related information in its registration statements and periodic reports. TSBR will be submitting comments on the proposal to outline the importance of board oversight. |
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Harvard Law School Forum on Corporate Governance SEC Proposes Climate Disclosure Regime The long-expected but controversial proposal, and why it would require disclosure of climate-related risks, greenhouse gas emissions and climate-related financial metrics. If adopted, the proposal would represent the most far-reaching public company disclosure and governance mandate to be introduced in decades. This is a memorandum by Joseph A. Hall, Margaret E. Tahyar, and Ning Chiu of Davis Polk & Wardwell LLP. |
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Climate Risk Review - Powered by Manifest Climate What Jamie Dimon's letter says about Wall Street and climate risk Two influential papers grabbed headlines this week. The first was, unsurprisingly, the latest installment of the Intergovernmental Panel on Climate Change’s (IPCC) sixth assessment report. The second was JP Morgan chief executive Jamie Dimon’s annual letter to shareholders. The JP Morgan chief's annual missive sheds light on bank attitudes to transition risk, the low-carbon transition, and financial regulation. A thought provoking article by Louie Woodall of Manifest Climate. |
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Leadership Conversations by TSBR Patrick Dunne on Boards We speak with Patrick Dunne about the recent history of boards and the development that has taken place over the last two decades. We examine the sustainability component of modern corporate governance and Patrick shares some interesting but also concerning facts about the social standing of boards. He further introduces the second edition of his award-winning book ‘Boards’ and talks through his educational projects, and people he looks up to. |
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The Sustainability Board Report is an independent not-for-profit project. We aim to showcase different dimensions of sustainable business leadership and corporate governance. By drawing out best practice, our reports also help individual leaders, organisations and investors to understand the changing landscape of environmental, social and governance (ESG) preparedness, consciousness and competence. |
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