A group of asset owners and managers representing more than $26 trillion in assets are calling on government leaders to step up their efforts to achieve the Paris Agreement’s goal of limiting the average global temperature increase to 2 degrees Celsius; and also to support investments in a low-carbon economy, including phasing out fossil-fuel subsidies…
Tag: climate change
Activist/Impact Investing: Zevin Asset Management
Zevin Asset Management issued a new report about its activist initiatives. An excerpt (emphasis added): When Congress failed to respond to the mass shooting in Parkland, Florida, the conversation shifted to whether financial companies would act to address risks. In March, Zevin Asset Management joined with other investors to denounce gun violence and define the…
Disclosure Is About Risks And Opportunities, Not Politics
Felicia Jackson writes in Forbes: Climate and environmental information reporting is becoming mainstream. The focus on risk disclosure means it doesn’t matter whether you believe in climate change or not – what matters is transparency about corporate risk.As Richard Samans, Chairman, CDSB and Managing Director, Head of Policy and Institutional Impact at the World Economic…
Climate risk: Running out of time | Magazine | IPE
• Climate change is an existential risk whose elimination must become a corporate objective • Scenario analysis can be a powerful tool but can distract investors from engagement • Corporates need plans that address climate risk and outline moves to a low-carbon economy Source: Climate risk: Running out of time | Magazine | IPE
Corporate Sustainability Reporting Hits ‘Super-Majority’ Status | Bloomberg Law
Eighty-five percent of the nation’s largest public companies reported on climate change, diversity, and other sustainability issues in 2017, according to a March 20 study from the Governance & Accountability Institute. Sustainability reporting by companies in the S&P 500 index hit a majority for the first time in 2012 and has climbed steadily since then,…
Federal court will hold first-ever hearing on climate change science | McClatchy Washington Bureau
An unprecedented courtroom proceeding will be the first to put climate science on trial on March 21, 2018. The judge has asked for a tutorial, with briefings from both sides in a case brought by California cities against fossil fuel interests accused of covering up their role in contributing to global warming. Exxon and other…
Spring Awakening: Notes from This Year’s CII Meeting
VEA Vice Chair Nell Minow reports on the Harvard Law School Corporate Governance and Financial Regulation Blog about CII’s spring meeting. The theme I heard most often at the annual spring meeting of the Council of Institutional Investors was ESG: environmental/social/governance risks and investment opportunities. The issues of how best to understand ESG and factor…
$1.6 Trillion Of Investments At Risk If Fossil Fuel Firms Fail To Heed Climate Targets
Energy groups risk wasting $1.6 trillion of investment by assuming that current emissions-cutting policies will not be tightened up in the light of the latest science and international climate change goals, according to the think tank Carbon Tracker.In a new report, Mind the gap: the $1.6 trillion energy transition risk, it warns that there is…
Chicago Treasurer to Use Portfolio to Promote Sustainability, Fight Climate Change
As New York City sues oil companies and plans to dump investments in fossil fuel production, Chicago Treasurer Kurt Summers is pushing to go even further and use the $7 billion portfolio of the nation’s third-largest city to help fight climate change and promote social progress. Summers is proposing to overhaul the city’s investment strategy…
NYS Comptroller DiNapoli: One of Largest U.S. Carbon Emitters Commits to Lower GHG Emissions
New York State Comptroller Thomas P. DiNapoli announced that American Electric Power (AEP), one of the largest carbon emitters in the country, has adopted new, long-term targets for lowering greenhouse gas (GHG) emissions consistent with the Paris Agreement’s goals. As a result, the New York State Common Retirement Fund’s (Fund) has withdrawn the shareholder request…
Exxon sees global oil demand plunging by 2040 under climate regulations
Exxon Mobil Corp said on Friday that it expects global oil demand to drop sharply by 2040 if regulations aimed at limiting the impact of greenhouse gas emissions on climate are fully implemented….But Exxon stopped short of laying out how efforts to limit carbon emissions could impact its business, data long sought by some shareholders….
Right Wing Group Makes Specious and Unfounded Claims about NY Pension Funds on Climate Change
Shame on The Hill for allowing Logan Albright to write a sloppy and slanted attack on the New York pension funds and the elected fiduciaries who are responsible for them without revealing the biases of the right-wing, corporate-funded organizations he represents. Albright is so certain that there could not possibly be any financial case made…
