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Summary
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.
As expectations from regulators and investors accelerate, join S&P Global Market Intelligence and leading banking industry executives as we discuss how banks can accelerate their plans to capture, measure, and disclose Scope 1, 2, and 3 emissions data and manage and report risks created by climate change.
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
Moderator
S&P Global Market Intelligence
Maureen McKenna
US Commercial Banks Market Development Lead
Speakers
Drew Barker
Senior Vice President, Head of Climate Risk Management
Drew Barker is the Head of Climate Risk Management within the Risk Management Organization at Truist Bank. In this role, Drew has established an integrated climate risk management framework for the institution which identifies and assesses the potential impacts from climate change. His team is also responsible for the calculation of financed emissions and developing interim emissions reduction targets in conjunction with the company’s goal to achieve net zero emissions by 2050.
Danielle Reyes
Partner
Danielle Reyes is a partner in the firm’s Financial Industry group, providing broad regulatory compliance advice with a focus on responsible investment, financial regulatory matters, corporate social responsibility programs, non-financial reporting, and human rights. She also serves as a co-chair of the firm’s Environmental, Social and Governance (ESG) & Impact practice.
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