When will the SEC Climate disclosure rule be applicable?

The intention behind this proposed rule is to establish a uniform framework for climate-related disclosures, enabling investors to gain a clearer understanding of the risks and potential impacts on the business operations and financial health of the companies in which they invest.

The SEC's climate disclosure rule remains under consideration, with the commission now anticipating the release of its finalized regulation in April 2024. This rule mandates companies to disclose climate-related risks, including scope 1, scope 2, and scope 3 emissions, alongside their practices for managing these risks.

Google's "Climate-Conscious" Data Center Cooling Initiative

Google has been on a journey to make its data centers some of the most efficient in the world for over a decade by optimizing the use of energy, water, and materials. Now, they're turning heads with new cooling technology that could dramatically cut down water use in their data centers. This is all part of their "climate-conscious" data center cooling initiative to reduce its impact on water in the communities where it operates.

The Future of Climate Change: From the Perspectives of Sam Israelit, Chief Sustainability Officer at Bain & Company

Sam maintains a positive outlook, envisioning a future where collaboration between companies and regulators, empowered by technology, will lead to effective solutions. As a first trend, he anticipates a convergence of carbon management with financial management. Secondly, he is enthusiastic about a continuous rise in investment in alternative energy sources, spurred by different tech startups. Also, he believes in the continued research and development around low-carbon impact materials such as alternative plastics.

Lastly, over the next decade, he believes that more and more people are going to realize that climate change is real and then they will increasingly expect companies to do something. And as part of that, there will be a willingness to pay for more sustainable products.

However, he cautions that the current pace of change is not fast enough and warns of more severe climate events as a result.

What is SEC’s Climate Disclosure Rule?
The Securities and Exchange Commission (SEC) has put forth a rule proposal aimed at standardizing the way in which companies disclose information about their approach to climate-related matters. Under this proposal, publicly traded companies in the United States would be obligated to annually disclose details regarding their assessment, measurement, and management of risks associated with climate change. This disclosure would encompass information on greenhouse gas emissions as an indicator of the company's susceptibility to climate-related risks.

But exactly who falls under the SEC Climate Disclosure umbrella and when it will be applicable?

Happening now: "Beyond COP28 - Advancing Biodiversity Finance for Global Climate Impact" webinar, co-hosted by the Green Growth Knowledge Partnership (GGKP) and Donor Committee for Enterprise Development (DCED).

Join to discuss the critical role of biodiversity finance in achieving essential advancements to stop and reverse the loss of biodiversity and ecosystem services.

Urgent Call for Climate Action and Economic Degrowth

Over the past 50 years, the rapid evolution of global warming and environmental degradation is clearly linked to human activity, including the ubiquitous use of fossil fuels and the blind pursuit of infinite economic growth on a finite planet.

Who is responsible for climate change by burning fossil fuels? Energy producers think they should produce more to make more profit when demand is high, while energy consumers think they should consume more to live more comfortably when supply is plentiful. Most people think we should blame others.

But the truth is that any reduction in fossil fuel consumption or production has a positive impact on climate change. That is, the more energy a person consumes above the global average, or the more energy a company produces for overconsuming people, the more responsible that person or company is for climate change.

Naturally, we all want to live comfortably, and money can help us satisfy our needs and desires. Since human happiness is not proportional to increasing wealth when our basic needs are met, it's not wise to pursue endless profits or infinite economic growth at the expense of humanity. For those with a competitive and noble character, it's high time to measure themselves by the number of people they help rather than the amount of wealth they accumulate.

In a climate and environmental emergency, any economy of overconsumption must decline in order for humanity to survive and thrive within planetary boundaries. Why not meet everyone's basic needs, stop making money for overconsumption, and shift our pursuit of happiness from material to intellectual growth? Let's start doing what we can do ourselves instead of waiting for others to do the right thing first.

In my latest episode of Climate Connections - I tackled the issue of killer stoves in #Kenya #Nairobi #Africa

Perhaps for those of us living in urbanised cities, it’s hard to fathom how the simple act of cooking could be deadly.

Hats off to EarthShot Prize winner Charlot Magayi, founder of Mukuru Clean Stoves, who is charting the way forward for low-income and underserved communities, and cleaning our air at the same time.

Find out about her personal story in my latest feature on the plight faced by the people living within these communities and how she’s working very hard at changing that: (link in stories & bio)
Spotify: https://spotify.link/iNb1eIZTSDb
OMNY: https://omny.fm/shows/moneyfm-morning-show/climate-connections-how-afri…

#climate #environment #airpollution #charcoal #climatechange #sustainability #innovation #solutions #nature #air #cleanair

On my latest episode of #ClimateConnections - we explore the issue of whether it’s realistic to dream of a complete fossil fuels phase-out, ahead of #COP28

Take a listen to Dr Swati Sharma from Nanyang Technological University Singapore here:
https://omny.fm/shows/moneyfm-morning-show/climate-connections-is-the-f…

#EUdraftdocument #fossilfuels #cop27 #cop26 #parisagreement #coal #oil #energy #environment #laws #dirtyenergy #cleanenergy #climatechange #climatenegotiations

Catch my latest episode of Climate Connections! ??

This time, I feature amazing STEM educators around the world who are doing their part for the environment through their efforts in bringing science learning out of the classroom. Rainforest and wetlands right in the heart of an urban school in Singapore (no, I’m not kidding you!) and also, a customised outdoor syllabus with a heart for the underprivileged communities in Europe!

Why would it benefit Mother Earth - you may ask!

Well, because by igniting that interest or even love for science will directly impact whether we see enough next-generation scientists who will trudge the way forward as we play catch-up with climate change.

Listen here to find out more about these projects and how passionate these folks are!

https://omny.fm/shows/moneyfm-morning-show/climate-connections-why-stem…

Thanks Jacob Tan and Lucy Avraamidou for sharing the amazing green journeys with our listeners!! ??