<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class="">Excerpt from G2O Nations’ Task Force on disclosure of financial risk from climate change:<div class=""><br class=""></div><div class="">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. <div class=""><br class=""></div><div class=""><b class="">Non-Financial Groups </b></div><div class="">– Energy </div><div class="">– Transportation </div><div class="">– Materials and Buildings </div><div class="">– Agriculture, Food, and Forest Products </div><div class=""><br class=""></div><div class="">The non-financial groups identified by the Task account for the largest proportion of GHG emissions, energy usage, and water usage.</div><div class=""><br class=""></div><div class=""><b class="">Financial Industries </b></div><div class="">– Banks </div><div class="">– Insurance Companies </div><div class="">– Asset Managers </div><div class="">– Asset Owners </div><div class=""><br class=""></div><div class="">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).</div><div class=""><br class=""></div><div class=""><a href="https://www.fsb-tcfd.org/wp-content/uploads/2017/06/TCFD-Recommendations-Overview-062717.pdf" class="">https://www.fsb-tcfd.org/wp-content/uploads/2017/06/TCFD-Recommendations-Overview-062717.pdf</a></div><div class=""><br class=""></div></div><div class="">
<div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">************************************************************************</div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">“What can be said with assurance is that there is a unique and nearly ubiquitous compound, </div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">with the empirical formula H(2960) O(1480) C(1480) N(16) P(1.8) S called living matter. Its </div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">synthesis, on an oxidized and uncarboxylated earth, is the most intricate feat of chemical </div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">engineering ever performed – and the most delicate operation that people have ever tampered </div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px;">with.”<br class=""><br class="">Edward S. Deevey, Jr. Mineral Cycles.<br class="">Scientific American, September 1970</div></div>
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