The Intergovernmental Panel on Climate Change – a United Nations body that analyzes the science of climate change – says surpassing 1.5°C of warming over the pre-industrial era will drastically increase the frequency and severity of storms, droughts, floods, and other extreme weather events while putting hundreds of millions of people at risk of poverty and displacement.
First, and perhaps most intuitively, are the ‘physical risks’ associated with rising sea levels, wildfires, storms, floods, droughts and other extreme weather events. These events can all have devastating social consequences, and they can disrupt business operations and destabilize supply chains, which leads to financial risks for companies and their shareholders.
And third, ‘liability risks’ come from people or groups who seek compensation for losses suffered as a result of climate change. For example, the State of New York has filed a lawsuit against ExxonMobil, claiming the company defrauded shareholders by downplaying its exposure to physical and transition risks.
- Desjardins RI Canada - Low CO2 Index ETF – A portfolio that is constructed to achieve a reduced weighted average carbon intensity.
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