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.
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.
Climate Change Responses Only Nine of 330 Insurers Get High Grades; The Hartford, Prudential, Munich Re and Allianz Are Among Top Scorers
October 23, 2014 /3BL Media/ - Amid growing evidence that climate change is having wide-ranging global impacts that will worsen in the years ahead, a new report from Ceres ranks the nation's 330 largest insurance companies on what they are saying and doing to respond to escalating climate risks. The report found strong leadership among fewer than a dozen companies but generally poor responses among the vast majority.
One year after Superstorm Sandy, 20 major U.S. businesses demand action
BOSTON, October 29, 2013 /3BL Media/ – One year after Superstorm Sandy devastated the East Coast, major U. S. companies including Starbucks, Unilever and Mars, Inc. have called on President Obama and the White House to follow through on climate change preparedness efforts outlined in the Climate Action Plan announced by the President on June 25th.
HSBC, VF Corporation, insurance firms provide insights on key business sectors
BOSTON, September 27, 2013 /3BL Media/ – In the wake of a new Intergovernmental Panel on Climate Change report re-confirming the reality of climate change and clarifying its effects, business and investor leaders talked today about the ways in which global warming is already affecting their bottom lines and their strategies.