How companies can adapt to climate change - taking effective action can turn risk into competitive advantage | McKinsey & Company
Peabody records $1.2b loss for first half 2015 | Business spectator
Canada tar sand exploration 'on hold until 2017' | Climate Home
Earth's most famous climate scientist issues bombshell sea level warning | JPratt
Florida leads nation in property at risk from climate change | Miami Herald
Fossil fuel use must fall twice as fast as thought to contain global warming | The Guardian
The cost of inaction: Recognising the value at risk from climate change | The Economist
The asset management industry—and thus the wider community of investors of all sizes— is facing the prospect of significant losses from the effects of climate change. Assets can be directly damaged by floods, droughts and severe storms, but portfolios can also be harmed indirectly, through weaker growth and lower asset returns. Climate change is a long-term, probably irreversible problem beset by substantial uncertainty. Crucially, however, climate change is a problem of extreme risk: this means that the average losses to be expected are not the only source of concern; on the contrary, the outliers, the particularly extreme scenarios, may matter most of all. The findings in this report indicate that climate change is likely to represent an obstacle for many asset owners and managers to fulfil their fiduciary duties.
Author: The Economist Intelligence Unit
Mark Carney set for new 'stranded assets' intervention | Climate Home
$283B of liquefied natural gas ‘uneconomic’ to 2025 | Carbon Tracker
Climate Alliance Newsletter - April 2015
Directors' personal liability for corporate inaction on climate change | Governance Directions
A proactive stance on governance of climate change is now seen as consistent with financial wealth interests. Boards must actively engage with how the issue of climate change impacts on their operations, risk and strategy. A passive approach to climate change governance may be inadequate to satisfy directors' duties of due care and diligence.
Author: Sarah Barker, Special Counsel, Minter Ellison Lawyers
Reprinted with the kind permission of the Governance Institute Australia
2014 Climate Alliance Leadership Awards
For the fourth year, Climate Alliance has recognised business executives that have demonstrated leadership in the area of sustainability and managing the risks presented by climate change. Climate Alliance is aware that there are many business leaders in Australia that are taking effective action we take pleasure in recognising their efforts.
