Michael Bloomberg

Carney Panel Urges CEO Compensation Link With Climate Risk

Article

Originally posted on Bloomberg.com

Energy companies should consider telling investors how executive compensation is linked to climate change risks, according to a panel advising the Group of 20 nations.

Mark Carney: Businesses Must Come Clean About Climate Change Risks to Avoid "Tragedy"

Firms must discuss the impact of specific climate change scenarios in their financial statements to ensure transparency, report says
Article

Mark Carney backed a raft of new measures to ensure businesses and investors do more to combat the “tragedy” of climate change.

The recommendations, published by an international task force headed by billionaire New York City mayor, Michael Bloomberg, said investors need more information about the risks companies face from global warming so they can properly allocate funds.

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MPs from 34 Countries Write to Stock Exchanges Asking Them to Make Firms Reveal Climate Change Risks

The campaign follows comments by Bank of England governor Mark Carney
Article

An international alliance of over 100 MPs from 34 different countries have written to the world’s stock exchanges calling on them to factor in the financial risks of climate change.

Mark Carney said today that investors “currently don’t have the information to respond to these developments”.

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Climate Disclosure Framework Creates a Better Environment for Investors

By Stephanie Leaist
Article

Stephanie Leaist is a member of the Task Force on Climate-related Financial Disclosures, and managing director, Head of Sustainable Investing at Canada Pension Plan Investment Board

A year ago there was an air of optimism around the Paris Agreement to limit global warming. Driven by a sense of urgency, encouraging action has since been taken by policy makers, regulators, companies and investors, including the Financial Stability Board-led Task Force on Climate-related Financial Disclosures (TCFD). While progress has been made, in many ways, we’ve just begun.

Climate Related Financial Disclosure For Business: An Imperative For 2017

Article

2016 began - as recorded here on Forbes - noting that climate change was becoming very real in the financial world. As we head towards the end of what has been a tumultuous year, the Financial Stability Board (FSB) is clear the message needs to be reinforced, not dismissed.

Companies Must Disclose Climate-change Risk: Carney Panel

Article

Corporations, especially those in the financial and energy sectors, should provide investors with clear and systematic disclosure of the risks that climate change poses to their future economic health, a task force reporting to Bank of England Governor Mark Carney recommended Wednesday.

The group, headed by Bloomberg LP founder Michael Bloomberg, pointed to carbon-intensive, fossil-fuel companies as being among those that will be most significantly affected by the transition to a lower-carbon economy, with risks being borne by their lenders and investors.

Companies Need to Disclose More on Climate Risks, Panel Says

Article

Investors need more information about the risks companies face from global warming so they can fund development of the new technologies that are needed to control climate change and mitigate its effects, a task force said Wednesday.

Michael Bloomberg Gives $300 Million to Johns Hopkins for Public-Health Effort

Former New York City mayor’s donation to target opioid addiction, gun violence and other issues in U.S.
Article

Originally posted on Wall Street Journal

By Ron Winslow

Former New York Mayor Michael Bloomberg is donating $300 million to the Johns Hopkins Bloomberg School of Public Health in Baltimore to finance an ambitious effort to target opioid addiction, gun violence and other issues that are shortening lives and disrupting communities across the U.S.

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