Demystifying Climate Risk Reporting for US Commercial Banks 2023 | S&P Global Market Intelligence | 13 June 2023 | Online

Banks in the US anxiously await the announcement of the final U.S. Securities and Exchange Commission’s climate disclosure requirements in a few months. The initial proposed rule changes would require companies to disclose certain climate-related information, ranging from greenhouse gas emissions to expected climate risks to transition plans. Drawing from the TCFD framework, the proposals would provide investors with consistent, comparable, and decision-useful information for making investment decisions, and consistent and clear reporting obligations for issuers.

Even though regulatory mandates are not yet here in the US, they are coming. Risks associated with climate change present financial risks to banks and need to be factored into decision-making and strategic plans going forward.

Join us as we discuss:
• Best practices for measurement and disclosure of Scope 1, 2 and 3 GHG emissions
• How to overcome potential challenges with GHG emissions measurement and disclosure
• What presents a material risk for US banks
• Other risks to consider – physical and transition risk
• How to comply with TCFD and other voluntary frameworks and prepare for future regulatory requirements

2023 Speakers

MODERATOR:

Maureen McKenna
Commercial Banks Solutions Lead, S&P Global Market Intelligence

SPEAKERS:

Drew Barker
Senior Vice President, Head of Climate Risk Management, Truist Bank

Danielle Reyes
Partner, Goodwin

Jessica Bennett
Global Head of ESG Operations, S&P Sustainable1