Samantha Ross: The Role of Accounting and Auditing in Addressing Climate Change

U.S. federal securities laws are founded on the idea that transparency promotes well-functioning capital markets. This is particularly true when it comes to the urgent goal of reducing global greenhouse gas emissions to prevent the devastating impacts of climate change. For companies, those impacts include both physical risks, including the risk that facilities will be…

UN report puts climate change at heart of insurance risk assessment

A report produced by the United Nations (UN) in collaboration with 22 major insurance firms has suggested that the insurance industry needs to adopt an integrated approach in order to manage future climate change risk. The final report of the UN’s Environment Programme’s Principles for Sustainable Insurance Initiative, which aims to pilot recommendations from the…

Opinion | Big Business’s Undisclosed Climate Crisis Plans – The New York Times

SEC Commissioner Allison Herren Lee writes about the inadequacy of the information investors get about climate change risk: As the climate crisis intensifies, U.S. environmental policy has moved dangerously backward, with nearly 70 environmental rules reversed during this administration, and 30 more reversals in process. This intransigent, head-in-the-sand approach will not alter the reality of…