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Climate Change Financial Reporting

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Professional Risk Management: the X Factor for Climate Change Mitigation

Author: 05.11.2018

 

In their reports on extreme events during 2017, Munich Re and Swiss Re have estimated worldwide natural catastrophe losses at around $330 billion dollars, the second worst on record. Losses from weather-related disasters were the worst ever, as a result of the hurricanes which hit the United States and Caribbean. It was also a record […]

 

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The Risk of Sea Level Rise is Chipping Away at Miami Home Values

Author: 04.30.2018

 

Creeping flood waters driven by sea rise have yet to reach the doors of most homes in Miami-Dade, but research shows the looming threat from climate change is already affecting their value. And not in a good way.   Read the entire article at The Miami Herald.    New data from Harvard University and the University […]

 

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Renewable Energy has More Economic Benefits than You Know

Author: 03.23.2018

 

Renewable energy is already cheaper than other energy options in most of the world, and it comes with more economic and societal benefits as well.    Read the entire article at Clean Technica.   Jobs, Jobs, Jobs The first point is that there are a huge number of people employed in renewable energy jobs globally. There […]

 

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400 Companies Commit to Sustainability Policies

Author: 03.07.2018

 

Record numbers of the largest and most influential companies in the US are committing to ambitious sustainability policies. The report, tagged Turning Point, was published by the Boston-based non-profit sustainability consultancy Ceres.   Read the entire article at TriplePundit.   The findings, following up on an original 2014 assessment, show that nearly two thirds of the more […]

 

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Renewables Cheaper than Fossil Fuels by 2020

Author: 02.02.2018

 

The cost of renewable energy is now falling so fast that it should be a consistently cheaper source of electricity generation than traditional fossil fuels within just a few years, according to a new report from the International Renewable Energy Agency (IRENA).   Read the entire article at Forbes.   The organisation – which has more […]

 

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Why Voluntary Climate Risk Exposure is Going Mainstream

Author: 01.22.2018

 

What will it take for major corporations to take climate risks seriously, making sustainability reporting a routine part of financial filings? The G20’s Task Force on Climate-related Financial Disclosures (TCFD), a global push by investors and companies to include information about these exposures in mainstream reports to regulators, is helping companies make that transition on […]

 

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200 Financial Firms Pledge to Disclose Climate Change Business Risks

Author: 01.17.2018

 

The 200 institutional investors, insurance giants, and pension funds manage a combined $81.7 trillion.   Read the entire article at Business Insider.   Over 200 firms pledged to regularly report the risk climate change poses to their business, and make progress on initiatives to reduce their impact on the planet. These reports — much like quarterly-earnings reports — […]

 

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Moody’s Warns Cities to Address Climate Risks or Face Downgrades

Author: 12.13.2017

 

  Coastal communities from Maine to California have been put on notice from one of the top credit rating agencies: Start preparing for climate change or risk losing access to cheap credit.   Read the entire article at Bloomberg.    In a report to its clients Tuesday, Moody’s Investors Service Inc. explained how it incorporates climate […]

 

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Business Risk from Climate Change Top of Mind for Corporate Boards

Author: 12.01.2017

 

  The lack of consistency between how companies measure and disclose climate risk often leaves investors comparing apples with oranges.   Read the entire article at The Globe and Mail.   Michael Sabia has a message for Canada’s corporate directors as he weighs how to deploy one of the biggest pools of investment capital in the […]

 

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World’s Largest Sovereign Wealth Fund Advises Ditching Oil and Gas Holdings

Author: 11.22.2017

 

  Energy industry jolted by advice to Norwegian government from its central bank, which runs $1 trillion fund.   Read the entire article at The Guardian.     The Norwegian central bank, which runs the country’s sovereign wealth fund – the world’s biggest – has told its government it should dump its shares in oil and gas […]

 

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