Global warming plus leverage equals a big mess for companies.
Articles on Financial climate risk
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A recently settled class action lawsuit against the Australian government could help drive greater disclosure of climate financial risk by governments, central banks and companies.
OSFI’s guidelines are a small step towards making financial decision-makers more conscious of their influence on climate outcomes, but there is still work to be done.
Regulators, banks and policy-makers use stress tests to uncover weak points in how financial institutions operate and identify changes that will help buffer them from harm.
A holistic view of climate change risk considers climate hazards, exposure, vulnerability and the responses to these. It also takes into account how multiple risks interact.
Businesses have long been a big part of the climate problem. They shouldn’t scale back environmental initiatives when it all feels too hard.
There’s a growing push among businesses, including the finance sector, to protect the climate and nature.
The groundbreaking legal case has changed the game for how Australia’s $3 trillion superannuation industry invests, and how members are protected from climate risk.
I have criticised this government’s climate policy in the past for being big on promise but short on concrete policies. But this financial disclosure policy has some real teeth.
Top contributors
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Head of Sustainable Finance Hub, The University of Melbourne
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Senior Lecturer, Public Sector Management, School of Business, UNSW
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Associate Professor in Sustainability, Adelaide University
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Research Fellow, Public Economics, The Parkland Institute, University of Alberta
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Associate Professor of Finance, Bryant University
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Associate Professor of Finance & Director, Climate and Energy Finance Group, University of Otago
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Assistant Professor of Finance, Bryant University
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Senior Research Fellow in Climate Change Risks, University of Cape Town
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Chief Research Officer, University of Cape Town
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Professor & Distinguished Professor of Finance, Research Director at the Institute for Sustainable Finance, Queen's University, Ontario
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Associate Professor, Monash University