A group managing nearly US$1 trillion wrote to the U.S. Federal Reserve, the Securities and Exchange Commission and a number of other key regulators. (Financial Times)
Talking point: The signatories, which include some of the largest pension funds in the U.S., want regulators to mandate that companies disclose climate threats. That may be unlikely under the Trump administration, which has repealed 70 environmental regulations and is currently rolling back 30 more. However, European regulators are increasingly sympathetic to these kinds of requests. Earlier this month, European Central Bank president Christine Lagarde said she was looking at “every avenue available in order to combat climate change.” There may also be an appetite for these kinds of changes depending on the outcome of the upcoming U.S. presidential election. In June, a group of Democratic lawmakers released a report calling for greater disclosure around climate risk.