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BlackRock Votes Against Volvo Chief on Lack of Climate Risk Disclosure
BlackRock voted last week to oust the chief of Swedish manufacturing giant AB Volvo, citing his role in the company’s perceived failure to adequately disclose its climate risks. The world’s largest asset manager, which promised at the start of the year to make sustainability a cornerstone of all investment activity, said that it […]
Fossil Fuel Companies Acknowledge Climate Litigation Threatens Their Bottom Line
Fossil fuel companies facing climate-related litigation are starting to acknowledge in their financial disclosure forms that these legal challenges could harm their business. Dozens of companies have been named in more than a dozen climate liability lawsuits filed by communities across the country. Those lawsuits seek to recover climate-related damages and attempt to hold […]
UK’s Largest Money Manager Issues Climate Catastrophe Warning
The world is facing a climate catastrophe and businesses around the world must address it urgently or face the ultimate sanction for a public company, shareholders who refuse to back them any more. That is not a message from an environmental action group but from the largest money manager in the UK, Legal & General Investment […]
Why Voluntary Climate Risk Exposure is Going Mainstream
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 […]
200 Financial Firms Pledge to Disclose Climate Change Business Risks
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 — […]
Moody’s Warns Cities to Address Climate Risks or Face Downgrades
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 […]
Business Risk from Climate Change Top of Mind for Corporate Boards
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 […]
Climate Risk in Equity Portfolios
Four Twenty Seven and Deutsche Asset Management jointly released a white paper featuring a new approach to climate risk management in equity portfolios. It identifies hotspots in investment portfolios by assessing the geographic exposure of publicly-traded companies to climate change. Read the entire article at Four Twenty Seven Climate Solutions. Measuring Physical Climate Risk […]
World’s Largest Sovereign Wealth Fund Advises Ditching Oil and Gas Holdings
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 […]
The Environment and the Economy: You Don’t Have to Choose
If something is good for the environment, and for people, usually it also makes good business sense. Read the entire article at OZY. Sustainability isn’t just good for the environment, and for our communities, it also makes good business sense. As Head of Property Management for JPMorgan Chase Global Real Estate, I’m responsible for the […]
