<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=""><a class="m_4307561495034914527hzdq5d m_4307561495034914527ME7ew m_4307561495034914527nuEeue" href="http://www.huffingtonpost.com/entry/making-climate-change-banks-business_us_59c11678e4b0f96732cbc908" role="heading" aria-level="2" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&q=http://www.huffingtonpost.com/entry/making-climate-change-banks-business_us_59c11678e4b0f96732cbc908&source=gmail&ust=1505999456532000&usg=AFQjCNH1QeO0qHL_AhiacFtmnTCuv9qPTg" style="font-variant-ligatures: normal; orphans: 2; widows: 2; text-decoration: none; vertical-align: top; line-height: 24px; font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; background-color: rgb(255, 255, 255);"><b class=""><font color="#000000" class="">MAKING CLIMATE CHANGE BANKS' BUSINESS</font></b></a><div class="m_4307561495034914527a5SXAc m_4307561495034914527iYiEmb" style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; line-height: 20px; background-color: rgb(255, 255, 255);"><span class="m_4307561495034914527Pc0Wt m_4307561495034914527IH8C7b" style="display: inline-block; overflow: hidden; vertical-align: bottom; max-width: 100%; text-overflow: ellipsis;">HuffPost</span><span class="m_4307561495034914527oM4Eqe" style="white-space: nowrap;"> <span class="m_4307561495034914527YBZVLb m_4307561495034914527d5kXP" style="display: inline-block; overflow: hidden; vertical-align: bottom;">21h ago</span></span></div><div class="m_4307561495034914527a5SXAc m_4307561495034914527iYiEmb" style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; line-height: 20px; background-color: rgb(255, 255, 255);"><span class="m_4307561495034914527oM4Eqe" style="white-space: nowrap;"><span class="m_4307561495034914527YBZVLb m_4307561495034914527d5kXP" style="display: inline-block; overflow: hidden; vertical-align: bottom;"><a href="http://www.huffingtonpost.com/entry/making-climate-change-banks-business_us_59c11678e4b0f96732cbc908" target="_blank" data-saferedirecturl="https://www.google.com/url?hl=en&q=http://www.huffingtonpost.com/entry/making-climate-change-banks-business_us_59c11678e4b0f96732cbc908&source=gmail&ust=1505999456532000&usg=AFQjCNH1QeO0qHL_AhiacFtmnTCuv9qPTg" style="color: rgb(17, 85, 204);" class="">http://www.huffingtonpost.com/<wbr class="">entry/making-climate-change-<wbr class="">banks-business_us_<wbr class="">59c11678e4b0f96732cbc908</a></span></span></div><div class="m_4307561495034914527a5SXAc m_4307561495034914527iYiEmb" style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; line-height: 20px; background-color: rgb(255, 255, 255);"><span class="m_4307561495034914527oM4Eqe" style="white-space: nowrap;"><br class=""></span></div><div class="m_4307561495034914527a5SXAc m_4307561495034914527iYiEmb" style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; line-height: 20px; background-color: rgb(255, 255, 255);"><span class="m_4307561495034914527oM4Eqe" style="white-space: nowrap;"><span class="m_4307561495034914527YBZVLb m_4307561495034914527d5kXP" style="display: inline-block; overflow: hidden; vertical-align: bottom;">1st 2 paragraphs <b class="">[ bold emphasis added]</b></span></span></div><div class="m_4307561495034914527a5SXAc m_4307561495034914527iYiEmb" style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; line-height: 20px; background-color: rgb(255, 255, 255);"><span class="m_4307561495034914527oM4Eqe" style="white-space: nowrap;"><span class="m_4307561495034914527YBZVLb m_4307561495034914527d5kXP" style="display: inline-block; overflow: hidden; vertical-align: bottom;"><br class=""></span></span></div><div class="m_4307561495034914527a5SXAc m_4307561495034914527iYiEmb" style="color: rgb(34, 34, 34); font-variant-ligatures: normal; orphans: 2; widows: 2; line-height: 20px; background-color: rgb(255, 255, 255);"><span class="m_4307561495034914527oM4Eqe" style="white-space: nowrap;"><span class="m_4307561495034914527YBZVLb m_4307561495034914527d5kXP" style="display: inline-block; overflow: hidden; vertical-align: bottom;"><div class="m_4307561495034914527bn-content-list-text m_4307561495034914527text m_4307561495034914527content-list-component" style="box-sizing: inherit; margin: 0px auto; padding: 0px; line-height: 1.5em; width: 705px; max-width: 720px; font-variant-ligatures: normal; white-space: normal;"><p style="box-sizing: inherit; margin: 0px 0px 20px; padding: 0px; line-height: 1.75rem;" class="">The devastation caused by Hurricane Irma across the Caribbean and Florida has served as a reminder to <b class="">pension funds</b> and asset managers of the urgent need to step up the fight against climate change. Financing new low-carbon technology and climate mitigation infrastructure will be on the agenda this week during New York Climate Week, highlighting the important role the world’s 60 biggest banks have to play in rising to this challenge, as the main financial intermediaries in the global economy.</p></div><div class="m_4307561495034914527bn-content-list-text m_4307561495034914527text m_4307561495034914527content-list-component" style="box-sizing: inherit; margin: 0px auto; padding: 0px; line-height: 1.5em; width: 705px; max-width: 720px; font-variant-ligatures: normal; white-space: normal;"><p style="box-sizing: inherit; margin: 0px 0px 20px; padding: 0px; line-height: 1.75rem;" class="">That’s why this month Boston Common has continued to lead a <span style="box-sizing: inherit;" class="">coalition of over a hundred investors with assets totalling nearly $2 trillion,</span><strong style="box-sizing: inherit;" class=""> calling on the world’s largest banks</strong> – including the likes of HSBC, Lloyds, Bank of America, JPMorgan Chase, Morgan Stanley and Deutsche Bank - <b class="">to </b><span style="box-sizing: inherit;" class=""><b class="">disclose more information about their exposure to climate-related risks</b> and opportunities</span>, and how these are being managed by banks’ Boards and senior executives.</p><div class=""><a href="http://www.huffingtonpost.com/entry/making-climate-change-banks-business_us_59c11678e4b0f96732cbc908" class=""><font color="#1155cc" class="">http://www.huffingtonpost.com/</font><font color="#1155cc" class=""><wbr class="">entry/making-climate-change-<wbr class="">banks-business_us_<wbr class="">59c11678e4b0f96732cbc908</font></a></div><div style="font-size: 12.8px; font-family: arial, sans-serif;" class=""><br class=""></div></div></span></span></div><div style="color: rgb(34, 34, 34); font-family: arial, sans-serif; font-size: 12.8px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);" class=""><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px;" class="">==============================<wbr class="">============================<br class="">“Given the speed of climatic changes and numerous physiological <wbr class="">constraints, it is unlikely that human </div><div style="color: rgb(0, 0, 0); font-family: Verdana; font-size: 14px;" class="">physiology will evolve the necessary higher heat tolerance. “<br class=""> <br class="">Mora et al. Global risk of deadly heat. Nature Climate Change. Published online 19 June 2017<br class="">DOI: 10.1038/NCLIMATE3322<br class=""> </div></div><div class="">
<div style="color: rgb(0, 0, 0); letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" 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;">^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^<br class="">“In 1972, pursuing his calculations of ice-cover feedbacks, Budyko declared that, at the rate we were pumping CO2 </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;">into the atmosphere, the ice covering the Arctic Ocean might melt entirely by 2050."<br class=""><br class="">“Most scientists spoke more cautiously.”<br class=""><br class="">Physics Today (American Institute of Physics)<br class=""><a href="http://scitation.aip.org/content/aip/magazine/physicstoday/article/56/8/10.1063/1.1611350" class="">http://scitation.aip.org/content/aip/magazine/physicstoday/article/56/8/10.1063/1.1611350</a><br class=""><br class=""></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;"><br class=""></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;"><br class=""></div></div></div><br class="Apple-interchange-newline"><br class="Apple-interchange-newline">
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