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Shearman & Sterling Discusses Personal Liability in UK of Directors for Climate Strategy

Reynolds Holding

[2] Shell is appealing, but has said that it “aim[s] to rise to the challenge.” [3] The current claim before the English High Court is the first known attempt to hold a company’s directors personally liable for allegedly failing to properly manage climate risk and to prepare the company for the energy transition.

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Internal Audit: A Bright Future or Storm Clouds?

Audit Board

We didn’t see that so much this time, and that was good news.”. “ We’re seeing the same thing now with some other areas like climate change, environmental sustainability — ESG risks, if you will — human capital, diversity, and talent management. That embracing of technology has, I think, been a good news story.”. Innovation. “I

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Sullivan & Cromwell Discusses the Implications for Financial Institutions of Proposed SEC Climate Disclosure Rules

Reynolds Holding

On March 21, 2022, the Securities and Exchange Commission proposed, in a 510-page release , climate-related disclosure rules for public companies. In particular, the disclosure of Scope 3 greenhouse gas emissions (which capture financed emissions) and climate scenario analysis will likely be mandatory for many financial institutions.

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ESG Regulations Guide: Decoding the US, UK, and EU Climate Rules

Audit Board

What to Know About the UK, EU, and US Climate Disclosure Requirements: Essentials Current Status Why the increasing urgency? All requirements mandate that public companies and certain other entities include various climate-related proposals in their annual reports. A US-based company registered with the U.S.

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ESG A Valuation Framework

Value Scope

Generally speaking, pre-COVID, the goal of ESG risk management was to minimize negative events that might impact value. Physical Impacts of Climate Change. One of them is the Financial Stability Board (“FSB”) Task Force on Climate-related Financial Disclosures (“TCFD”), created in 2015. Acute: Extreme weather events.