A commissioner with the Commodity Futures Trading Commission (CFTC) recommended three action items to help the agency and regulated entities “measure, understand, and address climate-related financial risk.”
In a speech delivered Friday during a sustainable finance conference at Yale University, CFTC Commissioner Christy Goldsmith Romero said the agency has a responsibility to understand the climate risks posed to the commodities market. Doing so helps the market remain resilient, she said.
“Climate change poses an evolving, systemic risk to U.S. financial stability and markets that financial regulators have a responsibility to monitor,” she said. “… We need to evolve our understanding of climate risk. We need to ensure that there is appropriate climate risk management so there is not a threat to financial stability.”
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John Gagel, chief sustainability officer for Lexmark International, shares with Compliance Week why the private company tracks its greenhouse gas emissions and plans to comply with the climate-related disclosure rule proposed by the Securities and Exchange Commission.
The Enforcement Division of the Commodity Futures Trading Commission announced it established two new task forces to combat cyberattacks and misuse of technology and environmental fraud.
The Commodity Futures Trading Commission issued an alert regarding the identification and reporting of potential fraud or manipulation in carbon markets.
The Financial Crimes Enforcement Network announced a notice of proposed rulemaking to extend the deadline for companies created or registered in 2024 to file their initial beneficial ownership information reports.
The Securities and Exchange Commission adopted amendments to its rule covering fund names to ensure the regulation is appropriate to address new investment drivers, namely environmental, social, and governance matters.
The actions of companies like Amazon and new legislation passed in California prove it’s no longer a question of if companies will be required to disclose their greenhouse gas emissions—it’s a question of when, experts told attendees at CW’s virtual ESG Summit.
