climate risk Archives - Page 2 of 2 - Environment + Energy Leader

How Companies Can Adapt to Climate Change

July 7, 2015July 6, 2015 by Jessica Lyons Hardcastle

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 »

How Food, Beverage Producers Can Lessen Climate Risks to Business

May 22, 2015May 21, 2015 by Jessica Lyons Hardcastle

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

October 22, 2014October 21, 2014 by Ken Jennison

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

August 7, 2014August 19, 2014 by Jessica Lyons Hardcastle

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

July 17, 2014July 16, 2014 by Jessica Lyons Hardcastle

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 »

How Businesses Can Stop Climate-Related Economic Loss

May 22, 2014May 22, 2014 by Jessica Lyons Hardcastle

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 »

Climate Change Costing Companies ‘Millions’

May 20, 2014May 20, 2014 by Jessica Lyons Hardcastle

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

April 28, 2014April 28, 2014 by Jessica Lyons Hardcastle

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 »

How to Improve Buildings’ Climate Change Preparedness

August 9, 2013August 9, 2013 by Jessica Lyons Hardcastle

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 »

Businesses’ Blue Tape Shows Climate Change Risk

July 29, 2013July 29, 2013 by Jessica Lyons Hardcastle

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 »

Investors ‘Ignoring Climate Risks’

July 26, 2013September 4, 2013 by Leon Walker

Infrastructure investors aren’t considering climate risk when building business models in areas that have yet to experience the effects of climate change and severe weather — but they should, says a report by UK insurance giant and risk adviser Marsh. Sustainable Infrastructure — Weathering the Storms says the resilience of infrastructure ... Read more »

More States Requiring Insurers Complete Climate Risk Survey

July 18, 2013 by Jessica Lyons Hardcastle

The Connecticut and Minnesota Departments of Insurance have joined California, New York and Washington in requiring insurers respond to the Climate Risk Survey adopted in 2009 by the National Association of Insurance Commissioners. Despite NAIC approval in 2009, the remaining 45 states have declined to administer the survey. California Insurance ... Read more »

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