policy

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.

Swiss Re Adopts Climate-Related Financial Disclosure Recommendations

Article

Originally posted in Canadian Underwriter

Swiss Re announced on Wednesday that it will adopt the climate-related financial disclosure recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD).

Organisations Should Use Existing Climate Scenario Analysis or Develop Their Own, Says TCFD

Article

Companies should use a range of existing, publicly-available climate-related scenario analysis or develop their own in order to assess the risks posed to their business by climate change, according to the Financial Stability Board (FSB) Task Force on Climate-Related Financial Disclosures (TCFD).

TCFD says companies should consider risks posed to their businesses by the world transitioning, in varying degrees, to a low-carbon economy, as well the physical risks posed by a warmer planet.

Former SEC Chair: Fossil-Fuel Interests Should Disclose Financial Risks of Climate Change

Article

Originally posted on Morning Consult

Companies with investments in oil, gas and coal need to do a better job disclosing the financial risk of climate change to their investors, a former chair of the Securities and Exchange Commission and an Obama administration official said Monday.

Mccrone: If Interest Rates Turn, Clean Energy Will Find it Tougher

Blog

Originally posted by Bloomberg New Energy Finance.

By Angus McCrone
Chief Editor
Bloomberg New Energy Finance

The last time U.S. interest rates were on a sustained upward trend was just over 10 years ago, in summer 2006. George W Bush was president, ‘Hips Don’t Lie’ by Shakira was at the top of the charts on both sides of the Atlantic, and no one had heard of Justin Bieber.

Bloomberg D4GX 2016 Keynotes: How Big Data Can Be a Tool for Good (Or Evil)

Blog

Originally posted on Bloomberg.com

Can city governments use data analytics to help improve the lives of citizens? That was the question presented to attendees at Bloomberg’s annual Data for Good Exchange conference on Sunday, September 25, 2016, and the answers weren’t always easy to hear.

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