The current COVID-19 health crisis portends a future with increased climate-related disruptions where multiple shocks occur causing significant impacts to systems and economies. This experience has highlighted resiliency gaps across businesses, governments and institutions. At the same time, seeing how the global community, businesses, and citizens have come together to mitigate a collective risk that […]
Tag: climate action
BlackRock’s Climate Warning Needs to Match their Climate Actions
BlackRock CEO Larry Fink’s latest annual letter to CEOs “A Fundamental Reshaping of Finance” immediately made waves in the financial community and the media because of its urgent call for all companies to recognize and account for the risks of climate change. The letter said the failure to account for these risks would put billions […]
Where Could a Minority Parliament Find Common Ground?
With Canada’s federal election now complete, the focus is turning towards what the next government will look like. For the first time in more than a decade, no party won a majority of seats. There are many unanswered questions about what a new government will look like and how the different parties will (or won’t) […]
4 Tips for Businesses from Climate Week NYC
Climate Week in New York City just wrapped up, and we were in attendance. With more than 300 events taking place, we couldn’t attend everything—but we had a presence at several events discussing the role of sustainable finance and the importance of businesses taking action on climate. Here are the top four things that we […]
Top 5 Takeaways from the PRI’s Leading Conference on Sustainable Finance
Last week, Manifest’s Joy Williams and Laura Zizzo attended, along with 1,700 participants, the annual PRI in Person conference: “Responsible investing in an age of urgent transition.” The Principles of Responsible Investing (PRI) is an investor initiative in partnership with the UNEP Finance Initiative and the UN Global Compact. PRI signatories pledge to implement six principles […]
Reports on Climate Impacts Call for Courageous Financial Interventions to Bolster Resiliency
Recent reports on climate impacts and adaptation provide further justification for bold actions now to move Canada to a low-carbon and resilient economy. It’s clear in the reports, there is opportunity for forward-thinking businesses who plan for the impacts and leverage the opportunities in the short-term. Longer term projections are uncertain, but they point to […]
Takeaways from the NY State Common Fund’s Decarbonization Advisory Panel Work
The New York State Common Retirement Fund (Fund) the third largest pension plan in the United States, recently published their Climate Action Plan following the recommendations of their first ever Decarbonization Advisory Panel. The panel was charged with recommending how to prepare the $210 billion Fund to identify and manage the risks of a changing climate and […]
Climate Disclosure is Up Across Sectors, but Additional Progress Urgently Required
A growing number of climate disclosures are identifying more extensive climate-related risks, but also revealing the opportunities may greatly outweigh the costs for many organizations. Recent disclosure reports have confirmed this trend and identified that continued progress is required to improve information for investors and help drive towards future financial sustainability. On June 4, 2019, […]
A Look at the Impacts Highlighted in Canada’s Changing Climate Report
On April 2, 2019, the federal government released Canada’s Changing Climate Report, the first in a series of reports outlining the impacts of climate change in Canada. It immediately generated national news for reporting “temperature in Canada has increased at roughly double the global mean rate” with northern Canada warming “roughly three times” faster than the […]
Bank of Canada Lists Climate Change as a Risk to Canada’s Economy
On Thursday, the Bank of Canada released its 2019 Financial System Review, and for the first time it listed climate change as one of the main risks to Canada’s economy and financial system. The inclusion of climate change as one of six vulnerabilities listed in the Financial System Review (FSR) comes a few weeks after the Bank […]