- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Jeff Dale2023-06-27T23:42:00
The Treasury Department’s Federal Insurance Office (FIO) issued a report Tuesday on gaps in how states supervise and assess climate-related risks among insurers.
The 68-page report expands upon efforts to collect data on climate-related risk in the insurance industry, specifically at the state level. The report was conducted and released in response to an executive order by President Joe Biden in May 2021.
Some states already have policies in place to incorporate climate-related risks into state insurance regulation and supervision, but these efforts are “fragmented … and limited in several critical ways,” the Treasury said in a press release.
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Hester Peirce of the Securities and Exchange Commission argued materiality-based standards—not environmental, social, and governance standards—best suit investors’ needs during a recent speech.
The Committee of Sponsoring Organizations of the Treadway Commission created a framework for companies seeking to achieve effective internal control over sustainability reporting.
Compliance practitioners share their experiences navigating responsibilities related to environmental, social, and governance without stepping on the toes of other colleagues.
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If your business uses leather, rubber, wood, beef, palm oil, soy, or paper, then you may need to comply with the EU Deforestation Directive, a new rule intended to ensure that no goods traded in the EU contribute to global deforestation.
With the presidential election this week, one fear has remained on the minds of voters regardless of their political stripe–that artificial intelligence will be misused to change the outcome of the race.
