SEC Climate Risk Disclosures: What Today's Science Can Tell You
SEC Climate Risk Disclosures: What Today's Science Can Tell You
Jupiter recently held a webinar exploring the fundamental links between physical climate risk and its potential financial impacts on SEC registrants’ operations, business performance, and individual assets.
In the webinar, we took a giant step towards understanding ways in which climate and data science can offer decision-useful information about how acute and chronic climate-driven weather hazards can impact organizations’ financial health, strategic planning, and business processes—along with investor decisions.
Our panel's key takeaways
“There’s inevitability here … What happens in the United States certainly matters, but this is a cross-jurisdictional compliance issue … [It offers the ability] not just to manage risk and the downsides, but also to think about opportunistic aspects: customers, supply chains, market demand. That’s part of the New Economy: the winds have shifted, and Jupiter is part of the tailwind.”
“To truly identify climate-informed risk, you have to think of it as a total service package that starts with yourself—identifying your vulnerability: your climate threats and how they project into the future. Then you have to map that to your financial impacts.”
“The SEC is allowing issuers flexibility in how to define what’s material, their timeframes, and the scenarios [issuers] use; you should look for a company—such as Jupiter—that has the expertise and the ability to provide what you need to determine what’s most relevant for your business.”