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Regulatory Activities

Agency FilingFinancial DisclosureFinancial RegulationRegulatory Activities

Comments to CFTC on Proposed Guidance on Voluntary Carbon Credit Derivatives (Policy Integrity)

Organizations Involved: Institute for Policy Integrity Source: Institute for Policy Integrity Abstract In December 2023, the Commodity Futures Trading Commission (CFTC) proposed guidance that identifies key features of high-integrity voluntary carbon credits (VCCs) for exchanges that list certain VCC derivatives. The Institute for Policy Integrity submitted comments that highlight additional…
Donald Goodson, Jason Schwartz and Erin Shortell
February 16, 2024
Blog/News ArticleEnvironmental JusticeFinancial DisclosureFinancial RegulationRegulatory ActivitiesRisk Management

What Climate-related Financial Risk Means for Communities: Part 3 – Community Banking

Climate change-driven events—like heat waves, droughts, floods, and fires—cause damage to communities’ and individuals’ health and safety. But these events also threaten the financial well-being of communities across the U.S. through their impact on markets and local economies. These risks are increasingly visible in the housing and mortgage markets. In…
Gabrielle Stephens
February 15, 2024
Blog/News ArticleEnvironmental JusticeFinancial DisclosureFinancial RegulationRegulatory ActivitiesRisk Management

What Climate-related Financial Risk Means for Communities: Part 2 – Housing & Mortgage Markets

Climate change-driven events—like heat waves, droughts, floods, and fires—cause damage to communities’ and individuals’ health and safety. But these events also threaten the financial well-being of communities across the U.S. through their impact on markets and local economies. These risks are increasingly visible in the housing and mortgage markets. In…
Jesse Gourevitch
February 7, 2024
Blog/News ArticleEnvironmental JusticeFinancial DisclosureFinancial RegulationRegulatory ActivitiesRisk Management

What Climate-related Financial Risk Means for Communities: Part 1 – Insurance

Climate change-driven events—like heat waves, droughts, floods, and fires—cause damage to communities’ and individuals’ health and safety. But these events also threaten the financial well-being of communities across the U.S. through their impact on markets and local economies. Nowhere is this more visible recently than in the property insurance market.…
Karina French
February 1, 2024
Financial RegulationRegulatory ActivitiesSummary Document

A Summary Report on Climate-Related Financial Risk Assessment

This report summarizes outcomes from a series of workshops hosted Fall and, in particular, highlights the discussions centered around how climate-related financial risk assessments are currently conducted. This report also collates community concerns and identifies opportunities for improvement in the process of conducting and using climate-related financial risk assessments.
Jeffrey Fralick, Sadie Frank and Oriana Chegwidden
July 18, 2023
Event/ConferenceFinancial RegulationRegulatory ActivitiesRisk Management

Testimony of Carolyn Kousky on Reauthorization and Reform of the National Flood Insurance Program

This testimony from a Senate Committee on Banking, Housing, and Urban Affairs hearing the reauthorization and reform of the National Flood Insurance Program (NFIP) highlights the ways in which the NFIP can improve community resilience to climate change and extreme weather events. Flood insurance has a critical role to play…
Carolyn Kousky
May 2, 2023
Agency FilingRegulatory ActivitiesRisk Management

Comments on the CEQ’s NEPA Guidance on Consideration of GHG Emissions and Climate Change

These comments offer support and provide recommendations for the adoption of CEQ’s interim guidance, which will improve federal decision-making by ensuring that federal agencies fully and accurately account for climate change in environmental reviews as legally required under the National Environmental Policy Act.
Dena Adler, Soorim Song, Max Sarinsky and Nika Sabasteanski
April 10, 2023
Agency FilingRegulatory Activities

Comments on the CEQ’s NEPA Guidance on Consideration of GHG Emissions and Climate Change

These comments offer support and provide recommendations for the adoption of CEQ's interim guidance, which will improve federal decision-making by ensuring that federal agencies fully and accurately account for climate change in environmental reviews as legally required under the National Environmental Policy Act.
Eleonor Dyan Garcia, Romany Webb and Jessica Wentz
April 10, 2023
Blog/News ArticleFinancial DisclosureFinancial RegulationRegulatory Activities

Global Consensus is Emerging on Corporate Scope 3 Disclosures. Will the SEC Lead or Lag?

2023 is a significant year for corporate climate disclosure rules: regulators around the world are issuing or strengthening their disclosure requirements for registered companies pertaining to sustainability and climate-related financial risk. In Europe, the European Commission plans to finalize initial reporting standards for corporate sustainability reporting by June. UK regulators…
Cynthia Hanawalt
March 28, 2023
Agency FilingFinancial RegulationRegulatory Activities

Comments on the New York State Department of Financial Services’ Proposed Guidance for New York State Regulated Banking and Mortgage Institutions Relating to Management of Material Financial Risks from Climate Change, December 2022

The Sabin Center supports the Proposed Guidance as a valuable step in DFS’ effort to ensure its regulated institutions integrate climate-related financial risks into their risk management frameworks. In light of the urgency of the climate crisis, the timeline for implementation of the Proposed Guidance should be expeditious and concrete.…
Eleonor Dyan Garcia and Cynthia Hanawalt
March 20, 2023