At a time when the climate crisis and other systemic risks loom over the economy, the U.S. Securities and Exchange Commission’s 3-to-2 vote today amending its rule on shareholder proposals would make it harder for investors to manage the financial risks associated with these trends.
Understanding the real enormity and complexity of the water crisis that companies face requires a concerted effort at combining scientific and financial insights, according to speakers convened by Ceres at World Water Week 2020.
Michelle Edkins is Managing Director in BlackRock’s Investment Stewardship team, which seeks to promote governance best practices that help create long-term shareholder value for clients. Ceres talked with Michelle about BlackRock’s engagement strategy on climate change and deforestation and why more investors should be boosting attention to these systemic financial risks.
Ahead of virtual summit, Ceres’ leading experts to highlight key action steps to stop the climate crisis
September 11, 2020 /3BL Media/ - As we experience another deadly and devastating hurricane and wildfire season, it is clear the climate crisis continues to wreak havoc around the globe. In 2020, carbon dioxide levels in the atmosphere hit an all-time high, triple-digit temperatures in the Arctic Circle led to another warmest month on record, and the dry spring and summer heat unleashed raging forest fires from America's West to Brazil's Amazon. In California, the wildfires across the state have already burned more acres than any year on record.
August 25, 2020 /3BL Media/ - A major report released today by the U.S. Senate Democrats’ Special Committee on the Climate Crisis urges financial regulators to protect the U.S. economy from the systemic risk of climate change, a call to action that Steven M. Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets, calls “much needed and much appreciated.”
Letter to SEC cites significant investor concern over systemic risks posed by climate
Senator Elizabeth Warren (D-MA) urged the Securities and Exchange Commission (SEC) to tackle climate change as a systemic financial risk, and to heed the recommendations in a report from the Ceres Accelerator for Sustainable Capital Markets in a letter that “adds an important voice to the growing chorus calling on financial regulators to act on climate change,” said Steven Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets.