TNFD vs GRI 101 Biodiversity: How Nature Disclosure Compares
TNFD vs GRI 101 Biodiversity compared: where the two nature frameworks diverge, where they converge, and how one location screen produces evidence for both.
Blogs
Climate Risk vs Nature Risk for a Property: What’s the Difference
Climate risk and nature risk are two different questions about the same building, and they are easy to collapse into one. Climate risk is what the environment does to the property over time: heat, flood, storm, and water stress acting…
Climate Adaptation Disclosure under ESRS E1: The Response Chain Behind the One Number
Most of the attention on ESRS E1, the climate standard inside the EU’s sustainability reporting rules, goes to two questions: is climate risk material, and what financial number do you report for it. This piece covers the part in between,…
What the First SB 261 Reports Disclosed About Physical Risk
An empirical read of 57 first-wave filings on CARB’s voluntary docket: most name the hazard, almost none put a number on it. TL;DR Almost every report names a physical hazard. About 96% attach no asset-level number to one. A year…
Heat Business Interruption: How to Put a Number on Lost Work
Every major climate hazard on a risk report damages something you own. Flood ruins the ground floor and the contents in it. Wind peels off the roof. Wildfire takes the whole structure. In each case there is a building to…
ESRS E1 Physical Risk Data Requirements: What EFRAG’s Datapoint List Actually Asks You to Gather
Most climate disclosure frameworks make you work out your data needs from paragraph text. The European Sustainability Reporting Standards (ESRS) are different: the standard-setter published the field list. EFRAG, the body that drafted the ESRS for the European Commission, issued…
Can an IFRS S2 Report Satisfy California SB 261?
The equivalence route in § 38533(b)(3), its three conditions, and what California asks for that the international standard does not cover. California’s climate-related financial risk law, Senate Bill 261, applies to US-formed companies with more than $500 million in annual…
Is Physical Climate Risk Material Under AASB S2? Two Tests, Not One
A reporter asking whether physical risk is material is really running two different tests: an operational one the standard never mentions, and an information one the standard defines. You need both, in that order. TL;DR “Is physical climate risk material…
How to Evaluate a Climate Risk API: 8 Features That Matter
Physical climate risk is increasingly bought as an API, not a dashboard. Consultants build it into their own platforms, banks wire it into origination screens, insurers enrich underwriting with it. That changes how you evaluate it. A dashboard can be…
Head in the oven, feet in the freezer: why one climate risk score lies
Put your head in the oven and your feet in the freezer, and your average body temperature looks perfectly normal. No doctor would sign off on that chart. Yet this is exactly what a single climate risk score does to…