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Peabody Energy

Climate Change Investigation into Peabody Finds ‘False, Misleading Statements’ about Risks

Days after launching an investigation into whether ExxonMobil lied to the public and investors about climate change risks, New York attorney general Eric T. Schneiderman says an investigation by his office found that Peabody Energy, the largest publicly traded coal company in the world, violated New York laws prohibiting false … Read more »

How Does Your Business Respond to Global Risks?

How Does Your Business Respond to Global Risks?

Anthesis has launched a support tool, RiskHorizon, to help businesses operating in a climate-constrained world. Climate change poses direct risks to businesses and investors due to shifts in weather patterns, precipitation and resource availability, extreme weather events, rising sea levels and variations in disease patterns and ecosystems and large scale … Read more »

How Companies Can Adapt to Climate Change

How Companies Can Adapt to Climate Change

Climate change poses a host of risks to businesses, from infrastructure damage caused by extreme weather events to increased price volatility of raw materials and reputational risks. A McKinsey & Company report outlines these risks — and what leading companies are doing to turn these risk into a competitive advantage. … Read more »

California drought

How Food, Beverage Producers Can Lessen Climate Risks to Business

Food and beverage producers can decrease the effects of climate change on their business through a three-pronged approach, says Tetra Pak CEO Brian Kennell in a blog post. This includes: Analyze risks and evaluate risks of doing nothing. Develop your strategy to lower carbon emissions. Measure progress and take action … Read more »

Report: Insurance Companies Unprepared for Climate Change Risks

Report: Insurance Companies Unprepared for Climate Change Risks

Eighty-three percent of insurance companies responding to an industry survey are lacking preparedness in addressing climate-related risks and opportunities, according to a report released today by Ceres and the National Association of Insurance Companies. Only nine insurers, or 3 percent of the 330 responding companies, earned a “leading” rating, with the … Read more »

Shareholders Want Firms to Cut GHGs

Environmental shareholder proposal submissions remain high in 2014, according to an Ernst & Young report on the 2014 proxy season. Let’s talk: governance, 2014 proxy season review finds proposals on environmental and social topics accounted for the largest category of proposals submitted at 45 percent — a 5 percent increase … Read more »

Banking Industry Should Address Climate Risk, Report Says

The banking industry has not successfully integrated climate change risk into its long-term strategic planning, or understood the implications for its business operations, according to a report by Boston Common Asset Management. The report, Financing Climate Change: Carbon Risk in the Banking Sector, warns investors may unwittingly be investing in … Read more »

R!SE

How Businesses Can Stop Climate-Related Economic Loss

The UN has launched an initiative to mainstream disaster risk management into corporate planning and investment decision-making: a digital globe that shows current and possible future effects of climate change. The R!SE initiative aims to help quell economic loss from geographic events and is a response to 10 years of record-breaking … Read more »

Hurricane Sandy

Climate Change Costing Companies ‘Millions’

Gap, HP and Dr Pepper Snapple Group are among the S&P 500 companies facing climate change related risks and costs, according to a CDP report. The report, which reviews findings from CDP 2011-2013 disclosures, finds reported risks affect companies in all economic sectors and include damage to facilities, reduced product … Read more »

Why Firms Should Take Climate Change Action

Why Firms Should Take Climate Change Action

Mobilizing industry to take action to slow climate change involves translating climate risks for business, building an “architecture of participation” for climate action, and stabilizing the climate system through “resilience wedges,” says a study by Business for Social Responsibility. In its report, Business in a Climate-Constrained World: Catalyzing a Climate-Resilient … Read more »

Boston buildings

How to Improve Buildings’ Climate Change Preparedness

Commercial building owners can take steps to increase their climate change resilience by evaluating crucial systems, storm-resistant structure and landscape design, backup power options, and disaster preparedness protocols for facilities staff, says a report by the Boston Society of Architects (BSA) and the Boston Green Ribbon Commission (GRC). Building Resilience … Read more »

SCBARS

Businesses’ Blue Tape Shows Climate Change Risk

Some 90 businesses in South Carolina have put posters, decals or blue tape marking a 6-foot rise in sea level — high tide in 2100 if worst-case climate change scenarios play out — as part of a campaign to draw attention to climate risks to small businesses. The National Oceanic … Read more »