Financial regulation and climate risk
Climate change poses grave and increasing financial threats.
We’re making sure the financial risks are understood and addressed so we all have a healthy, stable economy.
We’re making sure the financial risks are understood and addressed so we all have a healthy, stable economy.
Our joint initiative on risk and resilience
The Initiative on Climate Risk and Resilience Law (ICRRL) is a joint effort focused on legal efforts on climate risk and resilience.
The consequences of climate change become more visible with each passing year. ICRRL drives the recognition of climate risk and resilience through legal innovation, scholarship, and practice.
Toolkit and reports
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ToolkitElectric resilience toolkit
- Report
Mandating disclosure of climate-related financial risk
- Report
Stakeholder guide to the SEC’s proposed rule on climate-related disclosure
- Report
Climate risk in the electricity sector
- Event
The rising impacts of climate change: Implications for science, law, capital markets, and policy
Comment letters
- SEC: Reasoned Explanation for its Proposed Rule on Climate-Related Disclosures
June 17, 2022 - SEC: Economic Analysis for Its Proposed Rule on Climate-Related Disclosures
June 17, 2022 - SEC: Regulatory Precedents for its Proposed Rule on Climate-Related Disclosures
June 17, 2022 - ISSB: Climate-Related Disclosures Exposure Draft
July 29, 2022 - FDIC: Principles for Climate-Related Financial Risk Management for Large Financial Institutions
July 29, 2022 - FERC: Climate Impact Analysis in Natural Gas Project Reviews
April 25, 2022 - OCC: Principles for Climate-Related Financial Risk Management for Large Banks
February 14, 2022 - OSHA: Heat Injury and Illness Prevention in Outdoor and Indoor Work Settings
January 26, 2022 - FARC: Minimizing the Risk of Climate Change in Federal Acquisitions
January 13, 2022
Find all agency filings and related resources on ICRRL.org, the website for our joint initiative.
Staff perspective
Investors need to understand the size and scope of climate risk.
Lead Counsel and Director of Climate Risk Strategies
Updates
Read the latest articles, blogs and press releases on financial regulation and climate risk.
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Harnessing Community Insurance: Lessons from an Innovative Post-Flood Assistance Program in NYC
Blog post, -
U.S. Banking Regulators Issue New Guidance for Climate Risk Management
Press release, -
New California Laws Will Give Investors More Information about Climate-Related Financial Risks
Press release, -
How EDF’s new, groundbreaking EJ mapping tool can drive equitable policies and investment
Blog post, -
Addressing Gaps in Disaster Recovery for South Carolina Households through Inclusive Insurance Models
Blog post, -
Climate-driven floods could displace millions of Americans. Local buyout programs could help them relocate.
Blog post,
Our experts
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Michael Panfil
Senior Director and Lead Counsel of Climate Risk & Clean Power
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Stephanie Jones
Senior Attorney, Climate Risk
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Noha Haggag
Attorney, Clean Power
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Jeffrey Fralick
Climate Risk Analyst
Sharyn Stein
(202) 572-3396 (office)
(202) 905-5718 (mobile)