ESG Insider: A podcast from S&P Global cover image

ESG Insider: A podcast from S&P Global

LIVE: What to expect from the evolving climate disclosure landscape

Oct 27, 2023
28:39
Snipd AI
Emily Pierce, Chief Global Policy Officer at Persefoni, discusses the US regulatory outlook and the pending climate disclosure rule from the SEC. Neil Stewart talks about global climate disclosures and the formation of the International Sustainability Standards Board. Tim Mohin discusses challenges companies face in navigating the climate disclosure landscape. Val Smith, Chief Sustainability Officer at Citigroup, highlights the evolving investor expectations around sustainability reporting.
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Podcast summary created with Snipd AI

Quick takeaways

  • Comprehensive carbon emissions disclosure, including Scope 3 emissions, is crucial for assessing transition risk in companies.
  • The International Sustainability Standards Board (ISSB) is collaborating with other organizations to develop globally accepted standards for climate-related financial disclosures.

Deep dives

The Evolving Climate Disclosure Landscape

The podcast episode discusses the fast-evolving climate disclosure landscape and highlights interviews conducted during a live event in New York. The guests include experts from the US Securities and Exchange Commission, the International Sustainability Standards Board (ISSB), the Global Reporting Initiative (GRI), and Citigroup. The episode emphasizes the importance of comprehensive carbon emissions disclosure, including Scope 3 emissions, as an indicator of transition risk for companies. It also highlights the global movement to enhance and standardize climate-related disclosures, with the ISSB's newly issued sustainability disclosure standards gaining endorsement from the Financial Stability Board and the International Organization of Securities Commissions (IOSCO). Furthermore, the episode explores the challenges and confusion faced by companies in response to evolving regulatory requirements, the importance of using sustainability data for driving positive change, and the increased involvement of banks and financial institutions in sustainability initiatives.

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