Climate Risk

Ceres Accelerator Commends U.S. Federal Reserve for Affirming Climate Change As a Risk to Financial Stability

Affirmation comes days after Federal Reserve Chairman Powell confirms agency's responsibility to protect against systemic risk of climate change
Press Release

November 11, 2020 /3BL Media/ - The U.S. Federal Reserve included climate change in a list of key risks to U.S. financial stability today, in what Steven M. Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets calls "a dramatic step toward tackling climate change as a systemic financial risk.”

As Climate Risk Sweeps Into Mainstream, Some Asset Managers Still Vote Against Most Climate Shareholder Proposals

Blog

By Rob Berridge and Natasha Nurjadin

As Ceres publishes its annual ranking of asset manager proxy voting on climate-related shareholder proposals for 2019 in the table below, we hope this data is helpful to asset managers and individual investors preparing for the 2020 proxy voting season.  

Erb Institute Faculty Director Joe Árvai Recognized for Contribution to Risk Analysis

Press Release

February 24, 2020 /3BL Media/ Erb Institute Faculty Director Joe Árvai is one of the six fellows that the Society for Risk Analysis (SRA) recently named, recognizing their substantial achievements in science or public policy relating to risk analysis, as well as their service to the society. SRA is a multidisciplinary, interdisciplinary, scholarly, international society that provides an open forum for people interested in risk analysis.

Ørsted, GRI & CDSB on the TCFDs

Article

Ethical Corporation has just published a new briefing that delves into the role of the TCFDs in sustainability reporting and I wanted to send this across to you - you can access the report here.

New Recommendations To Improve Climate-Related Financial Disclosures

Provides investors with the information they need to make better investment decisions | BOSTON
Press Release

June 29, 2017 /3BL Media/  - New recommendations released today by the Task Force on Climate-related Financial Disclosures, or TCFD, will play a critical role in improving climate-related financial disclosures, providing investors with the important information they need to make better short-term and long-term investment decisions, Ceres CEO and President Mindy Lubber said in a statement today. 

Lubber added:

Companies Should Report Possible Climate Costs, Say Global Executives

The information should routinely appear in financial statements, according to recommendations to be presented to G-20 leaders
Article

Originally posted on Wall Street Journal.

LONDON—Companies should publish an assessment of the losses they could suffer through climate change as part of their routine financial statements, according to a panel of financial and business executives chaired by Michael Bloomberg.

Carney-Backed Report Urges Companies to Disclose Climate Change Effects

BoE governor and media billionaire behind proposals to better inform investors and lenders
Article

Originally posted in the Financial Times.

A task force led by Michael Bloomberg and backed by Mark Carney has urged companies to disclose to investors the impact of climate change on their businesses.

The governor of the Bank of England and the billionaire media owner are behind a new set of recommendations designed to give investors, lenders and insurers a better idea about how climate change will affect individual businesses.

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