How are banks, investors and financial regulators addressing climate risk? Founder & CEO, Emilie Mazzacurati, joins Molly Wood in the Marketplace Tech podcast series, “How We Survive,” to discuss climate risk assessment and risk mitigation. The conversation covers regulatory developments, increased transparency on climate risks, resilience investment and the impact of COVID-19 on climate change conversations.
How does the private sector view climate change, why is this important for global climate adaptation and how does someone in this field remain motivated? Founder & CEO, Emilie Mazzacurati, joins Josh Dorfman’s new podcast, The Last Environmentalist, to discuss these topics and much more. The conversation covers the evolving views of climate risk in the financial sector and how this awareness can translate into resilience-building. Emilie describes near-term impacts of climate change on real estate markets, adaptation actions taken by corporations and the interacting nature of climate risk and resilience across private and public sectors.
For more detail on climate risk in real estate, read our recent analysis, Real Estate Climate Risks: How Will Europe be Impacted? For more insight on shareholder engagement, read our report, Engaging with Corporates to Build Adaptive Capacity.
As climate change impacts worsen, the need for solutions to support adaptation grows. Founder & CEO, Emilie Mazzacurati, joined Molly Wood on Marketplace Tech to discuss climate risk analytics. The conversation covers the importance of understanding climate risk exposure and how companies leverage climate data to prepare for climate hazards. While recent findings on sea level rise and other climate impacts can be daunting, there is hope for adaptation that builds resilience across sectors.
For more on climate risk and resilience in the private sector, explore our climate risk analytics and read our reports on Climate Risk in Real Estate and Engaging with Corporates to Build Adaptive Capacity.
Do bond ratings reflect governments’ and businesses’ exposure to physical climate change? Founder & CEO, Emilie Mazzacurati, joins the Bond Buyer’s Chip Barnett to discuss physical climate risk for investors, businesses and governments. Emilie describes the financial sector’s growing awareness of material climate risk in their bond and equity portfolios and shares efforts being taken to understand and address these risk. Chip and Emilie also discuss the challenges cities face when striving to adapt to climate impacts, the benefits of building resilience and the interactions between corporate and community resilience.
For more insight on the interactions between climate change, cities and financial risk read our reports on Assessing Exposure to Climate Risk in U.S. Munis and Assessing Local Adaptive Capacity to Understand Corporate and Financial Climate Risks, or listen to our webinar on Building City-level Climate Resilience.
Director of Analytics, Nik Steinberg, discusses wildfire risk, impacts and prevention efforts, on the Midday Briefing. Nik explains implications of increasingly frequent and severe wildfires for the insurance industry and homeowners and shares several ideas for adapting to these risks. While fires have always occurred, climate change is changing the landscape of the wildland-urban interface and residents and policy-makers must understand their wildfire risks and implement preventative strategies. The economic implications are huge for utilities, shareholders and communities, but with intentional planning businesses, governments and residents have the opportunity to mitigate loss.
Chief Development Officer, Frank Freitas, discusses Four Twenty Seven’s report on Assessing Exposure to Climate Risk in U.S. Municipalities on the Midday Briefing. During this brief interview Frank describes Four Twenty Seven’s work as a data provider for investors, highlights the ubiquity of climate hazards across United States munies and explains the impact of both acute events like hurricanes and more subtlety destructive chronic stresses such as drought.
Four Twenty Seven’s Director of Finance, Colin Shaw, was recently invited to be a part of a panel titled “Latest Innovations in ESG” at Sustainatopia on May 8th, 2017.
The panelists discussed the increasing awareness of investors in their options to invest responsibly, and breaking down the preconception that ESG investing sacrifices financial returns. Colin presented on the tools to used measure climate risk in financial portfolios, and the need that Four Twenty Seven sees for more climate data in order to better provide guidance to businesses for their risk management and adaptation planning. The other panelists included:
- Andrew Olig, Regional Vice President of Calvert Mutual Funds
- Megan Fielding, Senior Director, Responsible Investment at TIAA Investments
- Catherine Banat, Impact Investing at RBC Global Asset Management
- Jason Escamilla, CEO of Impact Labs
Listen to the entire engaging panel recording below.
Market expectations on corporate climate risk disclosures are fast changing as corporations, investors, and regulators are attempting to increase efficiency and strengthen economic resilience through more transparency. This panel discussion, held at the 2017 Climate Leadership Conference on March 1, 2017, provides an overview of recent developments by US and EU regulators and Bloomberg’s Task Force on Climate-related Financial Disclosures. Panelists shared how they are responding to the new regulatory context, challenges and opportunities arising from understanding climate impacts on business and markets, and expectations for further developments.
- Emilie Mazzacurati, Founder & CEO, Four Twenty Seven (moderator)
- Laline Carvalho, Director of the Financial Services Ratings Group at S&P Global
- Tim Dunn, Founder and Chief Investment Officer, Terra Alpha Investments LLC
- Mardi McBrien, Managing Director, Climate Disclosure Standards Board
- Richard Saines, Partner; Head of North American Climate Change & Environmental Markets Practice, Baker McKenzie
You can listen to a recording of the panel here. Note that due to a technical issue with the recorder, the introductions from Laline Carvalho and Tim Dunn were unfortunately not captured.
For more information about the Taskforce on Climate-related Financial Disclosures, read our blog posts:
You can also watch our webinar discussing TCFD next steps, and issues to consider for implementation.
Director of Advisory Services Yoon Kim moderated a panel at the 2017 National Conference and Global Forum for Science, Policy, and the Environment. The session, titled “Climate Data and Public Health: Mobilizing Adaptation Action”, explored the role of interactive data tools in the adaptation continuum – from diagnosis to planning to solutions – through concrete case studies. Presenters brought local public health and private sector hospital perspectives from across the United States. You can listen to a full recording of the panel here, and follow along with the presentation slides.
- Cyndy Comerford, Manager of Policy and Planning, San Francisco Department of Public Health
- Michele Shimomura, Public Health Manager, Denver Department of Environmental Health
- James Evans, Sustainability Analyst, Cleveland Clinic
- Deborah Weinstock, Director of the National Clearinghouse for Worker Safety and Health Training, Michael D. Baker, Inc.
- Jennifer de Mooy, Climate Adaptation Project Manager, Delaware Division of Energy and Climate
The Inter-American Development Bank in partnership with Four Twenty Seven and the Global Adaptation and Resilience Investment (GARI) Working Group held a panel discussion, “Private Sector Perspectives on Climate Resilience”, on Monday, November 14th in Marrakesh, Morrocco as a side event to the proceedings at COP22. You can listen to a recording of the full discussion here.
Bringing together thought leaders from the private sector and international financial institutions, the panel examined challenges and opportunities facing private actors in the arena of climate resilience. The panelists provided insights into the latest developments in technology, finance and the entrepreneur community on how the private sector can turn climate risks into opportunities and contribute to greater social and economic resilience.
- Amal-Lee Amin, Chief Climate Change and Sustainability Division, IDB
- Emilie Mazzacurati, Founder and CEO, Four Twenty Seven
- Jay Koh, Founder & Chair, Global Adaptation & Resilience Investment Working Group (GARI)
- James McMahon, CEO, The Collider
- Mari Yoshitaka, Chief Consultant of Clean Energy Finance Division, Mitsubishi UFJ Morgan Stanley Securities