Ceres - Mobilizing Business Leadership for a Sustainable World
Global investors launch guide to drive engagement on climate risk with the electric utilities sector
04/28/2016: A week after more than 170 countries signed the Paris Agreement and investors voted on a shareholder climate risk resolution at the AGM of US utility AES Corporation, a global network of more than 270 institutional investors (representing assets worth over €20 trillion) has published a guide setting out the threats facing the utilities sector and investor expectations for how these companies must act to adapt their business strategies to a 2°C climate change pathway.
04/28/2016: A growing list of major investors is backing calls on ExxonMobil to acknowledge climate risk, after its credit rating was downgraded on Tuesday. British insurer Aviva and Seattle’s public pension fund are among the latest to declare their support for a shareholder resolution to be considered at next month’s AGM. California’s CalPERS, New York City Pension Fund and the Church of England are also in favour.
Earth Day 2016: Paris Climate Agreement To Be Signed By Over 150 Countries At UN Ceremony In New York
04/25/2016: Leaders from more than 150 countries are set to gather in New York City on Friday to sign the landmark climate change deal struck in Paris last year. The event will be the latest in a series of steps to transform the global accord into an actual tool for combating greenhouse gas emissions and boosting the use of cleaner energy.
Ceres Blogs and Columns
05/02/2016: As global leaders gathered at the United Nations to sign a historic climate agreement, Ceres' Peyton Fleming and his family stood in front of a tiny solar-powered trailer on the side of a dusty, dirt-packed road in Ethiopia.
04/28/2016: When it comes to addressing climate change impacts to Berkshire Hathaway’s insurance business, Warren Buffett paints a somewhat misleading picture that minimizes the business risks posed by a demonstrably changing climate. In doing so, Buffett begs serious questions about his company’s planning for climate impacts and undermines confidence in the insurance division’s climate resilience.
04/22/2016: Yesterday at the annual meeting of utility AES, shareholders had their first chance to vote on a resolution asking a U.S. based company to stress test its investments against the low carbon future that the Paris agreement will help bring about. The resolution received support from 42% of investors, the highest vote ever for a 2 degree stress testing resolution in the U.S.