Modern Money SmartPod

While the comment period for the Securities and Exchange Commission's proposed rule on climate-related disclosure has been extended into June, the proposal offers a solid hint as to how the final rulemaking might take shape. Jamie Gamble, Managing Director at PwC, and Maggie Peloso, Partner at Vinson & Elkins, join the show to dig into the details of the proposed rule and offer tips on what companies should be doing now ... yes, right now ... to prepare for the final rulemaking.

Key Talking Points:

What are the basics of the proposed rule (1:56)

Breaking down Scope 1, Scope 2 and Scope 3 emissions (2:38)

The SEC departs a bit from "materiality" (3:23)

Key nuggets of the proposed rule (4:52)

Important things companies should be doing NOW to prepare (6:20)

The challenge of reporting physical climate risk (8:20)

Data, data and more data (10:11)

The proposal is about more than just greenhouse gas emissions (12:08)

A closer look at Scope 3 (13:29)

The role shareholders might play in shaping the future 'materiality' (20:00)

Will this rule cause companies to shy away from setting Scope 3 goals? (20:48)

Navigating a new form of 'vendor risk' (22:55)

Why planning ahead for this reporting matters (26:09)

Will this rule change the makeup of individual boards? (30:01)


More resources from Vinson & Elkins


Proposed SEC Climate Disclosures: What’s happening and what are the implications for companies?


The SEC’s Climate-Disclosures Proposed Rule – Eight Key Takeaways


More resources from PwC

SEC Climate Risk Disclosures: What it means for companies and what business leaders should do next

The SEC wants me to disclose what? The SEC’s climate disclosure proposal


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The term "energy transition" means different things to different people. In this episode, we focus on how "energy transition" means different things to people from different places. Michael Syn, senior managing director and head of equities at the Singapore Exchange (SGX), joins the show to talk about how markets in Asia are tackling decarbonization and the push to net-zero.

Often mistaken as just one big market, individual countries and companies across Asia have a very different history with fossil fuels than their counterparts in the US and Europe.  Michael breaks down some of the innovative solutions that are in play across Asia and how global initiatives like the Glasgow Financial Alliance for Net Zero (GFANZ) can broaden their perspectives to bring more private capital to the sustainable investing market.

Michael also delves into how SGX helps Singpore lead the way in the push to net-zero by serving as a cutting-edge market for new technologies, financial products, regulatory efforts and education initiatives related to sustainability.

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As corporations and countries plot their net-zero plans, carbon markets have become one of the most-talked-about components in the realm of sustainable finance. To hear more about this burgeoning corner of the markets, IncubEx Founder, President and COO Dan Scarbrough joins the show to share his insights. Dan outlines the growth carbon markets have enjoyed thus far, explains growing pains that have arisen and shares the details of a platform IncubEx is set to launch -- The Voluntary Climate Marketplace (TVCM) -- that aims to optimize the buying and trading process.


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As week close out the week at the International Futures Industry Conference in Boca Raton, Florida, we’re joined by a very special guest. He’s easily the best person to give us a comprehensive perspective on all the events of this week. He’s Walt Lukken, the President and CEO of the Futures Industry Association.

We are back with  a quick recap from the second day of the International Futures Industry Conference.  Yesterday, we predicted FIA Boca was shaping up to be a "bifurcated" conference; with one track focused on tech topics like crypto and cloud computing and another track focused on geopolitics and the war in Ukraine. Spoiler alert: We were right! 

This quick recap is the first of three Colin and Sean are doing from their road trip to the International Futures Industry Conference.

A month ago, it looked like the hot topics at FIA Boca would be crypto, the cloud and all things technology. But as is often the case, big news has barged its way into the conversations at Boca and now the  event is poised to be bifurcated (one of Sean's favorite market terms). Sure, there's the plenty of talk about technology ... but perhaps even more about how the industry can grapple with the impact war and geopolitics are having -- and will continue to have -- on markets.

After graduating from the United States Naval Academy and serving in the US Marine Corps, Chris Perkins started his finance career at Lehman Brothers and eventually became a managing director at Citi, where he was Global Co-Head, Futures, Clearing and FX Prime Brokerage. Then, in the second half of last year, Chris left Citi to become President and Managing Partner at CoinFund.

In this wide-ranging interview, Chris talks about his career pivot and the exciting promise of Web3, including how new advancements like decentralized autonomous organizations (DAOs) can reshape industries beyond finance. He also offers advice for other finance executives pondering similar career changes and also details the work he is doing to help military veterans transition into careers in digital assets.

DAOs: What the ESG movement can learn from blockchain governance

Citadel's Ken Griffin outbids ConstitutionDAO for the US Constitution

Veterans in Digital Assets -- Twitter -- Podcast

Chris Perkins helps lead Veterans on Wall Street - VOWS



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You've probably heard all about the money being poured into the energy transition. We're talking trillions of dollars over the course of many decades. Everyone from sovereign wealth funds and private equity to venture capital and institutional investors seems to be getting in on the action.

Joining the show are Albert Cheung, from BloombergNEF (BNEF) and Danielle Patterson from the law firm of Vinson & Elkins. Both of their organizations recently released reports (see below) about all the capital being poured into the energy transition … where it’s being spent … and who is spending it. We talk about each of those reports and also touch on how events like the war in Ukraine and the recently completed New York Bight offshore wind auction might impact the long-term outlook for renewables.

BNEF: Energy Transition Investment Trends 2022

V&E: How Private Capital is Shaping the Energy Evolution

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From the rise of ESG and meme stocks to the fall of China’s property sector, 2021 was a wild ride for the financial services industry. In the latest episode of Modern Money SmartPod, Sean McMahon and Colin Hogan look back on what we’re calling the SmartBrief 7: the seven most-memorable financial news stories of the year, as we see it.

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The 10 Most-Clicked Stories from Modern Money SmartBrief for 2021

1. "Pandora Papers" expose hidden wealth of the powerful
2. Newly appointed SEC enforcement head Oh resigns
3. Sen. Warren asks Fed to break up Wells Fargo
4. JPMorgan ranked as top G-SIB
5. Citi loses fight to reclaim $500M lost in error
6. Robinhood seeks $1B to weather trading storm
7. Credit Suisse takes $4.7B Archegos loss; execs exit
8. Dimon: Economy approaching "Goldilocks moment"
9. China outlaws all crypto-related transactions
10. Retail trading army sends hedge funds into retreat

More about ICE: Environmental, Social and Governance issues are in the spotlight. Investors need the markets, data and indices to understand how their decisions impact the planet, people and their portfolios. At ICE, we provide data, markets and analytics to help you measure performance, manage risk and connect to opportunity. Visit ice.com/connecttoesg for more information.

From COP26 to the boom in ESG investment funds, sustainable finance has been a hot topic in 2021. Kenneth E. Bentsen, Jr., president and CEO of the Securities Industry and Financial Markets Association (SIFMA) and CEO of the Global Financial Markets Association (GFMA), joins the show to discuss the crucial role capital markets will continue to play in efforts to decarbonize the global economy.

On the heels of GFMA’s 2nd Annual Global Capital Markets Sustainable Finance Conference earlier this week, Bentsen outlines the regulatory landscape for sustainable finance and explains how voluntary and compliance carbon markets are a key part of the energy transition. Bentsen also notes how securitization could boost the build out of more renewable energy projects.

More resources

Email AFME at [email protected] to be sent login details to watch an on-demand replay of GFMA’s 2nd Annual Global Capital Markets Sustainable Finance Conference

Unlocking the Potential of Carbon Markets to Achieve Global Net Zero

SIFMA's Comment Letter on the Department of Labor’s recent ESG-related proposal

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More about ICE: Environmental, Social and Governance issues are in the spotlight. Investors need the markets, data and indices to understand how their decisions impact the planet, people and their portfolios. At ICE, we provide data, markets and analytics to help you measure performance, manage risk and connect to opportunity. Visit ice.com/connecttoesg for more information.