Sentences with phrase «financial risk from climate change»

Not exact matches

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

Indeed, five of the top 10 companies in the S&P 500 cited growing business risk from climate change in their financial filings in 2014.

From our perspective, the financial sector side, in what sense does climate change pose new or different risks to the financial system, all the way from the obvious, such as the concept of stranded assets, which you've got lending all against those thiFrom our perspective, the financial sector side, in what sense does climate change pose new or different risks to the financial system, all the way from the obvious, such as the concept of stranded assets, which you've got lending all against those thifrom the obvious, such as the concept of stranded assets, which you've got lending all against those things?

Over a year which has seen large banks halt funding for fossil fuel projects, major institutions divest from oil, gas and coal holdings, and oil companies snap up power and renewables companies in a bid to diversify their asset base, research published today by the UK Sustainable Investment and Finance Association (UKSIF) and the Climate Change Collaboration suggests nervousness over climate risk has shot up in financial cClimate Change Collaboration suggests nervousness over climate risk has shot up in financial cclimate risk has shot up in financial circles.

This technical document brings together key reports from the investment world that demonstrate best practice on climate change, identifying the risks and opportunities, assessing how companies are dealing with them, and translating their performance and intentions into future financial returns.

Another frequently mentioned option is for Attorney General Eric Schneiderman of New York to invoke the state's powerful stock - fraud statute, the Martin Act, as the state has done in recent years to force other fossil fuel companies to disclose more about the financial risks they face from climate change.

We are a network of South Africans calling for divestment from fossil fuels — and restorative reinvestment in sustainable energy — to stigmatise fossil fuel use, accelerate sustainable system change, help slow climate change, reduce the financial risks of fossil fuel investments, and so help secure our human rights and common future.

The work and recommendations of the Task Force will help firms understand what financial markets want from disclosure in order to measure and respond to climate change risks, and encourage firms to align their disclosures with investors» needs.

An average $ 2.5 trillion (# 1.76 trn) of the world's financial assets would be at risk from climate change impacts if global temperatures are left to increase by 2.5 °C by 2100, warns a new study by the Grantham Research Institute on Climate Change and the Environment at the London School of Ecoclimate change impacts if global temperatures are left to increase by 2.5 °C by 2100, warns a new study by the Grantham Research Institute on Climate Change and the Environment at the London School of Econchange impacts if global temperatures are left to increase by 2.5 °C by 2100, warns a new study by the Grantham Research Institute on Climate Change and the Environment at the London School of EcoClimate Change and the Environment at the London School of EconChange and the Environment at the London School of Economics.

That is the stark conclusion of a new report from consultancy giant KPMG, which reveals that 72 percent of large and mid-cap companies worldwide do not acknowledge the financial risks of climate change in their annual financial reports.

These points are most powerfully driven home by Harvard economist Martin Weitzman (a good summary of his work on this topic and its policy implications can be found in pages 20 - 25 the The Costs of Delaying Action to Stem Climate Change from the White House Council of Economic Advisors) and financial risk management expert Bob Litterman.

The FSB is chaired by the Governor of the Bank of England Mark Carney, who in September created waves in the global financial sector with a speech to insurers warning of serious risks to investors from climate change due to, among other factors, a sudden asset write down with «jump - to - distress prices».

Fossil fuels companies should also fully disclose the financial and physical risks of climate change, invest in low - carbon and renewable energy resources, support policies to shift away from fossil fuels, publicly disclose their direct and indirect political spending, and pay for their share of the costs of climate - related damages and climate preparedness.

This new research from Carbon Tracker and the Association of Chartered Certified Accountants reveals that current financial reporting standards, stock market listing requirements, industry reporting frameworks and non-financial guidelines do not alert investors to the risks of reserves associated with climate change.

A report called Risky Business: A Climate Risk Assessment for the US, released June 24 by former Secretary of Treasury Hank Paulson, former New York Mayor Michael Bloomberg and entrepreneur Tom Steyer, provides a comprehensive valuation of financial risks the United States faces from climate Climate Risk Assessment for the US, released June 24 by former Secretary of Treasury Hank Paulson, former New York Mayor Michael Bloomberg and entrepreneur Tom Steyer, provides a comprehensive valuation of financial risks the United States faces from climate climate change.

How is it justifiable to risk the fundamental resilience of our society from climate change impacts in the name of potentially higher financial returns?

Peabody Energy, the world's biggest private sector coal company, has agreed to make more robust disclosures to its investors about the financial risks it faces from future government policies and regulations related to climate change and other environmental issues that could reduce demand for its product.

Joel Ario, Oregon Insurance Administrator and Vice President of the NAIC, said the report makes clear that insurers need to do more to assess their growing risks and financial exposure from climate change.

The report then utilizes aggregated loan and lease data from Bank of America, CIBC, Citigroup, Scotiabank, and TD Bank Financial Group, to analyze the impact of climate change related risks on bank loans and leases.

Last month, the G20's Task Force on Climate - related Financial Disclosures co-chaired by former New York Mayor Michael Bloomberg and Bank of England Governor Mark Carney recommended full and standardized disclosure by companies and investors of financial risks and opportunities from climate Climate - related Financial Disclosures co-chaired by former New York Mayor Michael Bloomberg and Bank of England Governor Mark Carney recommended full and standardized disclosure by companies and investors of financial risks and opportunities from climatFinancial Disclosures co-chaired by former New York Mayor Michael Bloomberg and Bank of England Governor Mark Carney recommended full and standardized disclosure by companies and investors of financial risks and opportunities from climatfinancial risks and opportunities from climate climate change.