Dear John,
Some U.S. financial regulators have made notable progress in recent months when it comes to managing the systemic risks posed by the climate crisis. From the Federal Reserve, to the SEC, to the Financial Stability Oversight Council, climate change is becoming a priority. Yet despite these initial steps, the majority of federal agencies still lag far behind their global peers—according to a new Ceres Accelerator for Sustainable Capital Markets report released today. |
The report, “Turning Up The Heat: The Need for Urgent Action by U.S. Financial Regulators in Addressing Climate Risk,”
notes the significant developments in policy, regulation, finance and society that have taken place since our last report on this topic. But it also makes the case that bolder and more immediate action is necessary in order to protect U.S. financial markets from the systemic risks posed by the climate crisis.
The report also includes a scorecard rating various U.S. financial regulators’ progress in addressing the systemic financial risks associated with the climate crisis.
“Turning Up The Heat” provides 8 immediate actions U.S. financial regulators should take to address the systemic risks posed by the climate crisis. |
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| Download the free report to learn more and see the new recommendations. |
| The report also takes a first-ever look into the interplay between climate change as a systemic financial risk to the U.S. economy, systemic racism, and the Covid-19 pandemic recovery—illustrating how none of these issues exist in isolation. |
| After you’ve downloaded the report, be sure to join us on April 15th at 1:00pm ET
for an interactive discussion on Ceres’ new report,
Turning Up The Heat: The Need for Urgent Action by U.S. Financial Regulators in Addressing Climate Risk. |
| We’ll discuss the findings and recommendations from the report, examine U.S. financial regulators progress towards addressing climate change, explore the next steps regulators need to take to address climate risk in the financial system and how the regulatory landscape is changing, and evaluate the evolving systemic nature of the climate crisis. |
