'The world's largest institutional investors are going green.
Over 200 firms, managing a combined $81.7 trillion, pledged earlier this month to regularly report the risk climate change poses to their business, and make progress on initiatives to reduce their impact on the planet.
These reports — much like quarterly-earnings reports — will include climate-related topics like water and energy use, and will help shareholders and investors make decisions about which companies are actively managing their climate risks.
The recent pledge is part of the
Task Force on Climate-Related Financial Disclosures, a group that aims to develop a consistent framework for firms to disclose climate-related financial risks. Led by former New York City Mayor Michael Bloomberg and Bank of England Governor Mark Carney, the group includes institutional investors like BlackRock and JP Morgan Chase, mutual fund managers like Vanguard , and massive pension funds like Denmark's $40 billion PKA and California's Public Employees Retirement System.
..
Moody's, one of the largest credit-ratings agencies, has already started factoring climate indicators into its evaluation of coastal states and cities, so it's likely just a matter of time before the agency applies the framework to companies as well.
..
The financial sector's engagement on climate change comes at a critical time. A recent report found that the world is way off track to hit the targets laid out by the Paris agreement, with or without US involvement.'
- Jeremy Berke,
The biggest players in finance are factoring a new type of risk into their decisions.., January 1, 2018
Context Global Issues Network - The Elders - Ocean Elders'..not just ending greenhouse gas emissions as rapidly as possible, but also building resilience..'HSBC - One of the largest banks issued an alarming warning that Earth is running out of the resources to sustain lifeTwenty Global Issues, Twenty Years to Solve Them(Global Healing 2020 - 2050) - (Global Scale-Up Ocean Cleanup 2020) - 2018: Start Pacific CleanupMDE strives to create infrastructures that will
unburden our planet.. -
Bazaarmodel Management & Organization, Affective Human Action in The Third Millennium