TNFD Releases Final Recommendations on Nature-Related Risk Management and Disclosures
One of the more highly anticipated announcements that drew substantial attention during Climate Week NYC was the Taskforce on Nature-related Financial Disclosures’ (TNFD) release of its final recommendations for a nature related risk management and disclosure framework on Sept. 18.
The Move to Renewable Energy: Balancing Reliability, Sustainability and Customer Satisfaction
In recent years, the global shift toward renewable energy has gained significant momentum. This transition has not only been driven by consumer and private industry’s desire to be more environmentally conscious, but also by federal policies, most recently the Inflation Reduction Act (IRA). Federal and state governments, utilities, and independent power producers all play a role in shaping this transition.
An Early Look at SEC Comment Letters on Pay Versus Performance Disclosures
Last year, the Securities and Exchange Commission (SEC) adopted new rules that implemented the pay versus performance (PVP) disclosure mandated by Congress in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The new rules require U.S. registrants to disclose the relationship between executive compensation and the financial performance of the registrant in their proxy and information statements.
UAW Goes Medieval on the Big Three: What Does it Mean?
By now, virtually anyone following the news knows that for the first time in its long history, the United Auto Workers (UAW) union initiated a strike against all “Big Three” American car manufacturers based in Detroit – Ford, General Motors, and Stellantis (aka Chrysler) – at the same time. The UAW came in with aggressive proposals – such as 40 percent wage increases, elimination of tiered wage structures, and lighter work schedules – and to date has not shown much willingness to significantly come off those proposals.
What Does New NY Department of Financial Services Greenlisted Coins Draft Guidance Mean for Market?
The New York State Department of Financial Services (NYDFS) has instituted a new draft General Framework for Greenlisted Coins. This roadmap for approval of new coin listings shows how the draft guidance issued by NYDFS on Sept. 18 fits into the entire NYDFS process.
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