[MCN] What industries should disclose exposure to financial risk from climate change?

Lance Olsen lance at wildrockies.org
Fri Jul 7 11:24:30 EDT 2017

Excerpt from G2O Nations’ Task Force on disclosure of financial risk from climate change:

In addition to guidance for all sectors, the Task Force developed supplemental guidance for financial and non-financial organizations to assist those organizations in implementing the recommended disclosures. 

Non-Financial Groups 
– Energy 
– Transportation 
– Materials and Buildings 
– Agriculture, Food, and Forest Products 

The non-financial groups identified by the Task account for the largest proportion of GHG emissions, energy usage, and water usage.

Financial Industries 
– Banks 
– Insurance Companies 
– Asset Managers 
– Asset Owners 

The financial sector was organized into four major industries largely based on activities performed. The activities are lending (banks), underwriting (insurance companies), asset management (asset managers), and investing (asset owners).

https://www.fsb-tcfd.org/wp-content/uploads/2017/06/TCFD-Recommendations-Overview-062717.pdf <https://www.fsb-tcfd.org/wp-content/uploads/2017/06/TCFD-Recommendations-Overview-062717.pdf>

“What can be said with assurance is that there is a unique and nearly ubiquitous compound, 
with the empirical formula H(2960) O(1480) C(1480) N(16) P(1.8) S called living matter. Its 
synthesis, on an oxidized and uncarboxylated earth, is the most intricate feat of chemical 
engineering ever performed – and the most delicate operation that people have ever tampered 

Edward S. Deevey, Jr. Mineral Cycles.
Scientific American, September 1970

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