SEC Climate Rules & Risk: Tara Giunta, Global Co-Chair of ESG & Sustainable Finance Practice at Paul Hastings Law Firm
Release Date: 10/22/2024
Electric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“What is a microgrid?...There's a lot of challenges that folks are dealing with around the grid infrastructure, with weather related challenges and load growth and other elements. And so what a microgrid does is help those customers become not only consumers of energy, but also producers of energy. So we like to call that a prosumer….So a microgrid helps to create that bridge between the building and the big grid…So if the grid's no longer there (e.g., an outage), they can act independently of the grid. It also helps with deploying more renewables on their sites, as well as really...
info_outlineElectric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“We have to begin our conversations with what really matters to the person or people we're speaking with. And if we don't know what that is, we have to get to know them and build a relationship and then start the conversation where they're at…The second common misconception I see is that we have to load up our wheelbarrow with the biggest load of scary facts we can possibly find and just dump it on people because not enough people are worried about this.…But if we haven't connected the head to the heart, my life, the places I love, the people I love, the things I love my home, the price...
info_outlineElectric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“Critical minerals and materials…are essential for key economic and national security technologies that help to fuel great sectors in the United States and around the world…We're at a very interesting point in the United States for critical minerals and materials because the US Geological Survey… just released their draft version of their newly updated critical minerals list…(But) they're very difficult to come by. And for a lot of these materials, they are mined as byproducts and co-products. They're used in incredibly low volumes, and so it's very difficult for companies to sort of...
info_outlineElectric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
"People care about the diversity because diversity makes teams stronger. And, and this is research based. And so they can say what they want, but those who know that there is strength in diversity, they'll continue on in spite of the, you know, the outcry on the other end….There's research that shows that when the lives of billions of women are improved, here's what happens. Number one, there's better female leadership. Number two, there's stronger education and more equality with women and girls. There's healthier national economies. There's research. …There's stronger families and my...
info_outlineElectric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“1% for the planet…the way it works is that we have businesses who are our members, and they're actually supporting environmental partners at the level of 1% of revenues….You invest in the things that matter and the planet matters.…(to) drive impact at scale. And so, in terms of that scale, last year we certified US$100million of support going from these companies to environmental partners….When a company joins, they pay a dues fee to us, but then the rest of their 1%, they will give directly to environmental partners….And then at the end of each year, we certify that giving.” ...
info_outlineElectric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“(B)efore we're even thinking about AI, it's actually thinking about how are we using our technology effectively and is it part of our processes? Does it complicate things or does it simplify things? And the advice that I always give them is like, before you start bringing in new technology and new processes and having to train people and doing their job in a different way and adding complication first, look at what you're doing and…pair back the stuff that doesn't need to be there anymore. And then think about technology.” Nikki Greenberg on Electric Ladies Podcast Cities are in...
info_outlineElectric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“One of the other important things about tech humanism to me is that the three-way relationship between business humans and tech is primarily about the relationship between business objectives and human outcomes and using technological capability to amplify that alignment, as opposed to using technology to amplify only the business objective side of that relationship. So really trying to think about how does a business meet the humans that it serves, and then how can technology be part of making that more effective and more successful so the business can succeed and the humans can have a...
info_outlineElectric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
The World Bank reports that, “today, more than half of the world’s population – over 4 billion people – lives in cities.” It also estimates that this shift is going to continue, in fact to DOUBLE to nearly 70% – or 7 out of every 10 people will live in cities by 2050. That’s only 25 years away. At the same time, extreme weather events are increasingly devastating cities – we have all witnesses how Hurricane Melissa decimated Jamaica last week, for example, destroying home and businesses, schools, houses of worship, government buildings, everything. So what can, should...
info_outlineElectric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“Your job isn’t to know the answer. Your job is to ask all the right questions of where the business is going and…Don’t be afraid…(Align) with people who could see the possibility of (your) experience…Take that stretch job and just remember you’re in the room to ask different questions, and that’s perfectly fine. So, take the stretch and then lean into your experience that allows you to have a different lens and a different perspective.” , Chief Sustainability Officer at Workiva on Electric Ladies Podcast When the economy feels tough or you feel like things are...
info_outlineElectric Ladies Podcast - Women Leaders Discuss Careers, Trends, Technologies and Innovation in Energy, Climate, and Corporate Responsibility
“(Climate modelling)…it's being used in things like insurance companies. It's being used by companies for their ESG assessments. So, when you get your insurance premium at the end of the year, there is some kind of climate model that has said something about the risk of your house to flood. It has said something about your risk to fire. And so that might be driving up your insurance premium…And so it's being involved in your lives in many different ways. The food you consume, those grocery bills, there's prices behind it that are being driven by people using climate models saying...
info_outline“If you're sitting on a board, you're a member of the executive leadership team…You need to make sure you're stepping back and understanding geopolitical risk, social, cultural risk, legal, regulatory, risk, activism. What are the activists looking at?... Who are the key stakeholders that you need to be aware of so that you can make sure that you are tracking those risk areas and, and their relevance to your company and how you need to be responding to those…You want to be proactive. “
Tara Giunta on Electric Ladies Podcast
You might have heard about the Securities and Exchange Commission’s final climate risk disclosure rules. All that destruction you see in the news from hurricanes, tornadoes, wildfires, floods and droughts has real financial implications – that’s why investors have been demanding the SEC require better reporting on climate risk. What do they really mean?
Listen to Tara Giunta, Global Co-Chair of ESG & Sustainable Finance Practice at mega law firm Paul Hastings to find out, in simple English, in this fascinating discussion with Electric Ladies Podcast host Joan Michelson. They also share insightful career advice.
You’ll hear about:
- What exactly do the SEC climate risk disclosure rules require companies to disclose?
- What companies nationally are affected by the new California climate risk disclosure laws?
- What impact will the legal challenges really have on the SEC rules and California laws?
- How should senior management teams and boards of directors prepare and respond to them?
- Plus, insightful career advice, such as…
“You need to be looking 360 in terms of industry, what's developing, what's coming down the pike from a technology standpoint, from a risk standpoint. You should be educating yourself constantly and stretching yourself to go into a new area. Don't just be content to sit and do the same thing….Push yourself to do something a little different, stretch…because that broadens you as a professional, first of all. It's just so much more interesting than doing the same thing every day. But, it also makes you a better professional… because you are seeing things that the other people who are just doing the same old, same old, aren't necessarily seeing.” Tara Giunta on Electric Ladies Podcast
Read Joan’s Forbes articles here.
You'll also like these episodes: (some may be recorded under our previous name, Green Connections Radio)
- Kristen Sullivan, Deloitte Audit Partner leading their Sustainability Practice, on the SEC climate risk disclosure rules.
- Kristina Wyatt, who led the SEC Task Force developing its climate risk disclosure rules, now Chief Sustainability Officer and Deputy General Counsel at Persefoni software firm.
- Jean Case, Co-Founder of the Case Foundation and Chair of the board of the National Geographic Society, on impact investing and SEC climate risk disclosure rules.
- Julie Gorte, SVP of Impax Asset Management and veteran ESG investment advisor, on the SEC climate rules.
Subscribe to our newsletter to receive our podcasts, blog, events and special coaching offers..
Thanks for subscribing on Apple Podcasts or iHeartRadio and leaving us a review!
Follow us on Twitter @joanmichelson