<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><a class="hzdq5d nuEeue ME7ew" target="_blank" href="http://www.unenvironment.org/news-and-stories/press-release/16-banks-and-united-nations-produce-first-guidance-help-banking" jsname="NV4Anc" role="heading" aria-level="2" style="text-decoration: none; color: rgb(59, 120, 231); transition: color 0.2s ease-in-out; vertical-align: top; font-size: 18px; line-height: 24px; font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);">16 banks and United Nations produce first guidance to help banking industry become more transparent on climate ...</a><div class="iYiEmb a5SXAc" style="line-height: 20px; font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span class="Pc0Wt IH8C7b" jsname="lVVfob" style="display: inline-block; overflow: hidden; vertical-align: bottom; max-width: 100%; text-overflow: ellipsis;">UN Environment (press release)</span><span class="oM4Eqe" style="white-space: nowrap;"> <span class="d5kXP YBZVLb" jsname="U9s4xe" style="display: inline-block; overflow: hidden; vertical-align: bottom;">Apr 26, 2018</span></span></div><div class="iYiEmb a5SXAc" style="font-size: 12px; line-height: 20px; color: rgb(117, 117, 117); font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span class="oM4Eqe" style="-webkit-tap-highlight-color: transparent; white-space: nowrap;"><span class="d5kXP YBZVLb" jsname="U9s4xe" style="display: inline-block; overflow: hidden; vertical-align: bottom;"><a href="https://www.unenvironment.org/news-and-stories/press-release/16-banks-and-united-nations-produce-first-guidance-help-banking" class="">https://www.unenvironment.org/news-and-stories/press-release/16-banks-and-united-nations-produce-first-guidance-help-banking</a></span></span></div><div class="iYiEmb a5SXAc" style="font-size: 12px; line-height: 20px; color: rgb(117, 117, 117); font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span class="oM4Eqe" style="-webkit-tap-highlight-color: transparent; white-space: nowrap;"><br class=""></span></div><div class="iYiEmb a5SXAc" style="line-height: 20px; font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span class="oM4Eqe" style="white-space: nowrap;">Excerpts: </span></div><div class="iYiEmb a5SXAc" style="line-height: 20px; font-family: Roboto, RobotoDraft, Helvetica, Arial, sans-serif; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span class="oM4Eqe" style="white-space: nowrap;"><br class=""></span></div><div class="iYiEmb a5SXAc" style="line-height: 20px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span class="oM4Eqe" style="white-space: nowrap;"><span style="color: rgb(30, 30, 30); font-variant-ligatures: normal; white-space: normal;" class="">This understanding is fundamental to enable banks to be more transparent about their exposure to climate-related risks and opportunities in line with the TCFD [</span></span><em style="-webkit-font-smoothing: antialiased; color: rgb(30, 30, 30); font-variant-ligatures: normal;" class=""><span style="-webkit-font-smoothing: antialiased;" class=""><span style="-webkit-font-smoothing: antialiased;" class="">Task Force on Climate-related Financial Disclosures]</span></span></em><span style="color: rgb(30, 30, 30);" class="">. It will also inform banks’ strategies to contribute to and benefit from the low-carbon economic transition and help them engage and support their customers to that effect. This is key because the climate-related risks and opportunities that banks face arise primarily from their services to clients.</span></div><div class="iYiEmb a5SXAc" style="line-height: 20px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="color: rgb(30, 30, 30);" class=""><br class=""></span></div><div class="iYiEmb a5SXAc" style="line-height: 20px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="font-variant-ligatures: normal;" class="">“Many of the environmental challenges that the world faces today, especially climate change, can be traced back to one fundamental root cause: short-termism. Financial markets can become a catalyst for action on sustainability, but for that they need to become more long-term oriented,” said Erik Solheim, Head of UN Environment. “The beauty of the TCFD framework is that it encourages organizations to consider and disclose long-term impacts. This change in perspective is what we need to achieve sustainable development. That’s why as UN Environment we are excited to be working with such committed leaders in the finance industry.”</span></div><div class="iYiEmb a5SXAc" style="line-height: 20px; font-variant-ligatures: normal; orphans: 2; widows: 2; background-color: rgb(255, 255, 255);"><span style="color: rgb(30, 30, 30);" class=""><br class=""></span></div><div class="">
<div dir="auto" style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><div style="color: rgb(0, 0, 0); font-family: Verdana; 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;"><span style="font-size: 12px;" class="">#################################<br class=""><br class="">“My worry is that we may have passed the window of opportunity where learning is still useful,” Schlesinger says.<br class=""><br class="">John Bohannan, ”Trying to Lasso Climate Uncertainty.” <br class="">SCIENCE, 13 OCTOBER 2006<br class=""><br class="">###########################<br class=""><br class="">NATURE August 30, 2007<br class="">CORRESPONDENCE<br class=""><br class="">Climate: Sawyer predicted rate of warming in 1972<br class=""><br class="">2 excerpts:<br class=""> <br class="">SIR - Thirty-five years ago this week, Nature published a paper titled 'Man-made carbon dioxide and the "greenhouse" effect' by the eminent atmospheric scientist J. S. Sawyer (Nature 239, 23-26; 1972). In four pages Sawyer summarized what was known about the role of carbon dioxide in enhancing the natural greenhouse effect, and made a remarkable prediction of the warming expected at the end of the twentieth century. <br class=""><br class="">Despite huge efforts, and advances in the science, the scientific consensus on the amount of global warming expected from increasing atmospheric carbon dioxide concentrations has changed little from that in Sawyer's time.<br class=""><br class="">Neville Nicholls<br class="">School of Geography and Environmental Science,<br class="">Monash University, Victoria 3800, Australia<br class=""><br class=""><br class=""><br class=""></span></div></div>
</div>
<br class=""></body></html>