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Climate Risk

Climate Risk
Author: Sustainability Accounting Sustainability Accounting Standards
Publisher:
Total Pages: 110
Release: 2016-10-14
Genre:
ISBN: 9781539754794

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This technical bulletin highlights findings related to climate risk arising from research conducted by SASB as part of its standards-setting process. The bulletin provides an overview of where climate-related risk is likely to be present in a typical portfolio, and what types of risk are present, along with the financial implications. It also summarizes the quality of existing disclosure on climate-related risk by SEC registrants. Using this bulletin, investors may better understand the nature of their risk exposures in each industry, as well as in which industries that risk is likely to be uncompensated due to inadequate disclosure in mandatory SEC filings.


Climate Risk - Technical Bulletin

Climate Risk - Technical Bulletin
Author: Sustainability Accounting Standards Board
Publisher: Createspace Independent Publishing Platform
Total Pages: 0
Release: 2017-01-19
Genre: Accounting
ISBN: 9781542365086

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SASB's Technical Bulletin on Climate Risk is designed to help investors better understand, measure and manage their exposure to climate-related risk. The research finds that climate change affects 72 out of 79 industries (93 percent of the capital markets, or $27.5 trillion) but manifests differently from one industry to the next. Due to the ubiquity of climate risk, investors can't simply diversify away from it; instead they must focus on managing it-and on encouraging portfolio companies to manage it-in all its forms. The foreword to the guide, authored by former Secretaries of the Treasury Robert Rubin and Hank Paulson, emphasizes the need for better disclosure. "If investors are to effectively evaluate climate risk, they need a far better understanding of granular, industry-specific climate impacts, with industry-specific standards by which to evaluate corporate performance on these issues. By adopting a set of industry-based market standards for disclosure, especially in SEC filings, investors will be able to accurately compare and contrast companies," they write. "This latest SASB bulletin is a good next step toward this goal, and offers for the first time a comprehensive guide to understand and measure the unique climate impacts across all industries of the economy."


Climate Risk Bulletin

Climate Risk Bulletin
Author: Brad Schomburg
Publisher:
Total Pages: 110
Release: 2016-11-03
Genre:
ISBN: 9781539920151

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SASB's Technical Bulletin on Climate Risk is designed to help investors better understand, measure and manage their exposure to climate-related risk. The research finds that climate change affects 72 out of 79 industries (93 percent of the capital markets, or $27.5 trillion) but manifests differently from one industry to the next. Due to the ubiquity of climate risk, investors can't simply diversify away from it; instead they must focus on managing it-and on encouraging portfolio companies to manage it-in all its forms.The foreword to the guide, authored by former Secretaries of the Treasury Robert Rubin and Hank Paulson, emphasizes the need for better disclosure. "If investors are to effectively evaluate climate risk, they need a far better understanding of granular, industry-specific climate impacts, with industry-specific standards by which to evaluate corporate performance on these issues. By adopting a set of industry-based market standards for disclosure, especially in SEC filings, investors will be able to accurately compare and contrast companies," they write. "This latest SASB bulletin is a good next step toward this goal, and offers for the first time a comprehensive guide to understand and measure the unique climate impacts across all industries of the economy."


Managing Climate Risk in the U.S. Financial System

Managing Climate Risk in the U.S. Financial System
Author: Leonardo Martinez-Diaz
Publisher: U.S. Commodity Futures Trading Commission
Total Pages: 196
Release: 2020-09-09
Genre: Science
ISBN: 057874841X

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This publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742


Climate Disclosure

Climate Disclosure
Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Securities, Insurance, and Investment
Publisher:
Total Pages: 208
Release: 2010
Genre: Business & Economics
ISBN:

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Bulletin

Bulletin
Author:
Publisher:
Total Pages: 64
Release: 2016
Genre: Electronic journals
ISBN:

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Climate Change

Climate Change
Author:
Publisher:
Total Pages: 4
Release: 1994
Genre:
ISBN:

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Bulletin

Bulletin
Author:
Publisher:
Total Pages: 156
Release: 2013
Genre: Meteorology
ISBN:

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Attribution of Extreme Weather Events in the Context of Climate Change

Attribution of Extreme Weather Events in the Context of Climate Change
Author: National Academies of Sciences, Engineering, and Medicine
Publisher: National Academies Press
Total Pages: 187
Release: 2016-07-28
Genre: Science
ISBN: 0309380979

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As climate has warmed over recent years, a new pattern of more frequent and more intense weather events has unfolded across the globe. Climate models simulate such changes in extreme events, and some of the reasons for the changes are well understood. Warming increases the likelihood of extremely hot days and nights, favors increased atmospheric moisture that may result in more frequent heavy rainfall and snowfall, and leads to evaporation that can exacerbate droughts. Even with evidence of these broad trends, scientists cautioned in the past that individual weather events couldn't be attributed to climate change. Now, with advances in understanding the climate science behind extreme events and the science of extreme event attribution, such blanket statements may not be accurate. The relatively young science of extreme event attribution seeks to tease out the influence of human-cause climate change from other factors, such as natural sources of variability like El Niño, as contributors to individual extreme events. Event attribution can answer questions about how much climate change influenced the probability or intensity of a specific type of weather event. As event attribution capabilities improve, they could help inform choices about assessing and managing risk, and in guiding climate adaptation strategies. This report examines the current state of science of extreme weather attribution, and identifies ways to move the science forward to improve attribution capabilities.