Transition Planning for Net-Zero Targets
As climate-related regulations become more prevalent, businesses can tackle the challenge of ensuring compliance while proactively leveraging them to your advantage. In our latest Thought Leadership article, we outline how to plan for net-zero targets and the steps you need to take to achieve them.
Navigating California’s New Climate Legislation
California Legislature recently passed two new environmental bills, both of which are expected to have a significant impact on California, U.S., and global business. Many of the world’s largest public and private companies will soon be required to disclose their greenhouse gas emissions and climate-related risks. Read on to find out what this means for your organization.
Service Spotlight: TCFD Alignment
TCFD has emerged as a pivotal force in the global business and regulatory environment, influencing several global climate regulations, frameworks, and proposals including the U.S. SEC’s proposed rule on climate disclosures. But what does TCFD alignment mean in practical terms? In our latest piece, we break down what alignment to the TCFD standards means for large public corporations and small investment firms. Read on.
3ECON Insights: Our Top 10 Sustainability Stories to Follow in Fall 2023
The news about ESG and Sustainability has been particularly frothy this season. To help our clients and prospects keep track of the key issues on the docket this fall, we’ve created a Top 10 list of rising ESG stories to follow and proactive steps for companies and financial firms to keep their organizations ahead. Read on for our Top 10 Sustainability Stories of Fall 2023.
Third Economy’s Sustainability Thesaurus: From TCFD to IFRS to ESRS
Whether you are moving to sustainability reporting voluntarily or for mandatory compliance, the choice to report upon climate-related risk first includes navigating a complex landscape of standards and sustainability frameworks. With more than 2200 sustainability reporting provisions, it can be difficult to determine which frameworks and standards are right for your organization. Read on for our primer on some of the most common global standards and frameworks and how they might apply to your business.
Making Sense of Global Climate-Related Reporting Regulations
The global regulatory landscape for corporate climate disclosures has seen major updates over the past few years. For corporate issuers, while some rulings may seem outside of your immediate jurisdiction, companies big and small will need to consider what long-term compliance might look like. Read on for our analysis of seven global climate-related regulations to keep in mind for your business.
Top Takeaways from BlackRock’s 2023 Chairman’s Letter
As in year’s past, Larry Fink, Chairman of BlackRock, has penned a letter with his thoughts on the global economy in 2023. While ESG may be under cover in this year’s letter, there is still a strong mandate for companies and investors to take advantage of sustainability trends. So, what does this year’s analysis mean in practice? Read on for our top takeaways from this year’s letter for both investors and companies.
Submissions for CDP: Is your company ready?
Preparing a CDP questionnaire is a great way for organizations to better assess their climate-related risks and impacts and contribute to one of the world’s largest databases of related information. A CDP score also establishes a valuable benchmark and a quantifiable measure of performance from an objective third-party. Why complete a questionnaire? Read on for Third Economy’s take on the details.
DOL Rule Rolls Back Restrictions on Use of ESG Factors in Retirement Plans
In another big ruling for ESG in 2022, the Department of Labor rolled back restrictions on private-sector retirement plans, allowing 401k and other ERISA-governed retirement plans to consider ESG factors when choosing investments. This ruling is a key step towards recognizing ESG factors as financial risks and viewing ESG factors as an evaluation tool, like any other potential investment factor.
What Popular Media Gets Wrong About ESG
Everywhere you look people are talking about ESG. But in nearly every case, critics use the term inaccurately. The result? Stakeholders often talk past one another. Corporations aren’t sure what to prioritize and even worse, ESG is often hijacked for political ends. We explain the key differences between values-based investing, impact investing and ESG.
SEC Proposes Additional Disclosures on ESG Frameworks from Investment Advisers
In May 2022, the SEC proposed additional disclosure rules for funds claiming to achieve a specific ESG impact. Under the new rules, these funds would be required to disclose the ESG factors considered in their investment strategy, as well as the metrics used to evaluate progress towards the fund’s objectives. How will your fund be affected? Read on for the fine print.
3E Summary: SEC Releases New Climate Change Disclosure Rule
The U.S. Securities and Exchange Commission announced a landmark proposal to advance and standardize disclosures related to climate change, requiring public companies to disclose certain climate-related risks in their statements and reports. Underneath the 500 page proposal, what does this mean for corporate issuers and investors? We pull out the fine print on today’s announcement and what this means for companies in 2022 and beyond.
Understanding the ‘G’ in ESG: Moving Beyond Proxy Season
Companies are facing headwinds when it comes to board director reelection. In this environment, companies need to be proactive both with shareholder engagement and director preparation. How can your company increase shareholder engagement and promote board reelection? We share the key trends shaping our current environment then explore five strategies for the future.
Understanding the Inflation Reduction Act: Key Attributes and Opportunities
In August 2022, President Biden signed the historic Inflation Reduction Act (“IRA”), the largest climate and energy bill ever enacted in the United States. Under the new bill, $369 billion will be invested in decarbonizing the U.S., through incentives for clean tech and corporate energy procurement. How can your business participate in these historic rebates and credits? Read our analysis here.
Simplifying the Social ‘S’ Component of ESG
Defining the ‘S’ in ESG is not as simple as accounting for carbon output or measuring board representation. But categories like social capital, human capital and product innovation represent unique tools to assess both risk and opportunity for companies to generate long-term value. Looking for more information on how to quantify the ‘S’ for your business? Read on for 3E’s primer on measuring key social issues for your business.
2022 IPCC Report: Corporate Considerations and Call to Action
The Intergovernmental Panel on Climate Change (IPCC) released its Climate Change 2022: Impacts, Adaptation, and Vulnerability report. This report draws attention to 127 key risks associated with climate change, and the urgency around taking adaptive measures to build more resilient infrastructure.
Advancing the ‘E’ in ESG: Hands-On Strategies for Measuring, Communicating and Achieving Your Goals
The push toward net-zero carbon is putting a lot of pressure on corporations to step up ESG performance. But the link between environmental considerations and durable financial performance is not always clear. Join 3E’s Chad Spitler and a panel of experts on Thursday, 3/31 at 1pm ET for a conversation on strengthening the environmental (‘E’) component of your ESG strategies. This webinar is part of a three part series on learning pragmatic approaches to “E”, “S” and “G”.
The Case for the Corporate Climate Pledge
More businesses are taking the climate pledge: Net zero by 2040. Should your organization step up too? Below, in partnership with Broadridge, we share the case for signing onto the climate pledge and highlight proven strategies to make sure your organization is ready.
Investing for Global Development
Our newest VIA3 rating is focused on global equity and this month’s webinar on how fund managers align their portfolios with the UNSDG’s. This conversation, rather than a technical look at how a fund comes together, will be a look forward at the changes these funds are making in the world.