Robert G. Eccles of Saïd Business School, University of Oxford is the author of a number of books on integrated reporting, sustainability and the role of business in society. His focus is on sustainability from both a company and investor perspective.
“Climate risk is financial risk ” is an increasingly ubiquitous incantation. It is frequently invoked in discussions about shareholder proposals, the need for companies to adopt transition plans is the central bank of the Eurozone. Close-up of the logo in front of the building.At a system level, we see this happening with central banks .
But transition risk posed to Carboniferous’s business over time does not necessarily neatly translate into material financial risk to Carboniferous’s investors. Investors should be concerned if Carboniferous does not have a proper strategy that takes account of the impact the energy transition will have on the company.
However, there is much less discussion about the risk from transitioning too quickly. For example, an auto manufacturing company that invests in an electric vehicle manufacturing plant in reliance on stated government plans to phase out electric vehicles could be hurt if the government delays its plans due to voter pressure, thereby creating financial risk for its investors.
Climate Risk Climate Impact Financial Risk Banks Fossil Fuels Climate Change Second-Order Effects Bank Financing Climate Action 100+
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