Blog — Climate Alliance

Laura Coutts

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Market Inflection Points | Governance Direction

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Rapid changes in market dynamics have a material impact on the success of businesses. International agreements to limit global warming will restrict the amount of fossil fuels that can be burned in the future. This may create difficulties for the fossil fuel industry, including ‘stranding’ assets.

Author: Ben Scheltus, CEO, Climate Alliance Limited

Re-printed with the kind permission of the Governance Institute Australia

 

Climate Alliance Leadership Awards 2015

Climate Alliance Leadership Awards 2015

For the fifth year, Climate Alliance has recognised Australian business executives and companies that have demonstrated leadership in the area of managing the opportunities and risks presented by climate change. There are many business leaders in Australia that are taking effective action and Climate Alliance believes it is very important to recognise their efforts.

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The cost of inaction: Recognising the value at risk from climate change | The Economist

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The asset management industry—and thus the wider community of investors of all sizes— is facing the prospect of significant losses from the effects of climate change. Assets can be directly damaged by floods, droughts and severe storms, but portfolios can also be harmed indirectly, through weaker growth and lower asset returns. Climate change is a long-term, probably irreversible problem beset by substantial uncertainty. Crucially, however, climate change is a problem of extreme risk: this means that the average losses to be expected are not the only source of concern; on the contrary, the outliers, the particularly extreme scenarios, may matter most of all. The findings in this report indicate that climate change is likely to represent an obstacle for many asset owners and managers to fulfil their fiduciary duties.

Author: The Economist Intelligence Unit