Michelle Edkins is Managing Director in BlackRock’s Investment Stewardship team, which seeks to promote governance best practices that help create long-term shareholder value for clients. Ceres talked with Michelle about BlackRock’s engagement strategy on climate change and deforestation and why more investors should be boosting attention to these systemic financial risks.
Ahead of virtual summit, Ceres’ leading experts to highlight key action steps to stop the climate crisis
September 11, 2020 /3BL Media/ - As we experience another deadly and devastating hurricane and wildfire season, it is clear the climate crisis continues to wreak havoc around the globe. In 2020, carbon dioxide levels in the atmosphere hit an all-time high, triple-digit temperatures in the Arctic Circle led to another warmest month on record, and the dry spring and summer heat unleashed raging forest fires from America's West to Brazil's Amazon. In California, the wildfires across the state have already burned more acres than any year on record.
August 25, 2020 /3BL Media/ - A major report released today by the U.S. Senate Democrats’ Special Committee on the Climate Crisis urges financial regulators to protect the U.S. economy from the systemic risk of climate change, a call to action that Steven M. Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets, calls “much needed and much appreciated.”
Letter to SEC cites significant investor concern over systemic risks posed by climate
Senator Elizabeth Warren (D-MA) urged the Securities and Exchange Commission (SEC) to tackle climate change as a systemic financial risk, and to heed the recommendations in a report from the Ceres Accelerator for Sustainable Capital Markets in a letter that “adds an important voice to the growing chorus calling on financial regulators to act on climate change,” said Steven Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets.
August 14, 2020 /3BL Media/ - The Trump administration’s rollback of reasonable and effective oversight of methane emissions “is unconscionable – akin to saying to auto makers that seat belts and airbags are burdensome and are no longer necessary,” said Ceres CEO and President Mindy Lubber.
Roughly half the industries in our economy face significant water risks.
by Kirsten James, Director of Water at Ceres
Our research shows that roughly half the industries in our economy face significant water risks. That’s the startling insight we uncovered when we analyzed the sectors represented in the four main U.S. stock indices. These risks, including dwindling water sources, pollution, climate change and increasing competition, affect industries across the board, from agriculture to utilities, apparel to oil and gas.
By Ceres' Beth Hooker and Nicole Tanner, World Wildlife Fund’s Water Stewardship Lead
Soil and water are intricately linked. From how they are protected to how they are managed to how they are valued across economic sectors, there is a clear connection. The decisions we make about one can have big impacts on the other.
And, few industries rely on a healthy balanced relationship between soil and water as much as the $5 trillion global food and agricultural sector.