Accountability-Central.com
Register here.  Forgot your password?  Remember me
HomeAbout The SiteSubscribe to Sustainability Highlights NewsletterVoices: Featured Commentators and Bloggers  Special Sections
Search

Categories:

Featured Content


Slide10

 



Click Here to Subscribe to our RSS Feed
 



Stories Below come from our Media Partner 3BL Media - Click their logo or any of the stories for more information


Global Warming and Climate Change, Global Warning Information, Updates

Global Warming and Climate Change

Updated January 2011

The year 2010 ended with an enormous blizzard that engulfed the northeast US, paralyzing New York and Boston and much of the Atlantic Coast.  That storm was followed almost three weeks later  by yet another severe snow storm that had the same effect.  Speculation started immediately that these events had their  roots in global warming – Time Magazine wrote:

“The World Meteorological Organization recently reported that 2010 is almost certainly going to be one of the three warmest years on record, while 2001 to 2010 is already the hottest decade in recorded history. Indeed, according to some scientists, all of these events may actually be connected.”

Just a few days before at the CNN debate on climate change, UN Climate Secretary Christiana Figueres said that “private businesses are better placed than governments to tackle global warming because they can act faster...”  There appeared to be an agreement at the event that the urgency to reduce carbon emissions was such that business could not afford to wait for governments to act.

Prior to the UN-sponsored Cancun Climate Conference in December 2010, the world's largest global investors were urging the conference delegates and the US Congress to “take action now in the fight against global warming or risk economic disruptions far more severe than the recent financial crisis.”

Unfortunately, at Cancun and the year before in Copenhagen, government progress to address climate change only inched slightly forward.  But while government consensus moved by inches, the scientists tell us we should be moving by miles   – or do they?

The last two years has seen the debate of the existence of human-caused climate change -- or any climate changed -- challenged by doubters.   Some poor science conducted by some believers/ supporters, followed by unfortunate media reporting and the issues identified as hot in the recent Congressional elections saw weak support for global warming among Americans. Witness this: “The poll, one of four annual surveys conducted by Shelton Group, surveyed 1,098 Americans who at least occasionally buy green products and found only about half believe climate change is occurring and caused by human beings…”

While the majority of the American  public apparently are yet to believe in the problems of climate change and global warming and world governments unable to agree on a course of action, AC will continue to focus on potentially one of the greatest issues world society faces. Since this section was begun in April 2008 more than 1,200 articles, commentaries and reports  have been posted for our readers.  No doubt there is more to come.  (We invite you to tell us where you stand on the issues.)

 -----------------------------

Institutional investors are focused on the potential or rising risk posed by climate change to the companies they hold in portfolios.  “Climate change,” “global warming” and “sustainability” (of the company owned, over the long-term) are trigger phrases now for all manner of shareholder activities – and corporate responses. The argument is not always about “if” climate change is occurring or “who” or “what” is responsible – often, the investors now ask:  What is the company doing to prepare for and mitigate the risk?  Investors have many questions:  Has the company charted its “carbon footprint” – has management taken steps to inform shareowners of real or potential climate change risks – what are the potential costs of mitigating such risks – and more.

Looking to put muscle behind these requests, shareowners are filing numerous proxy petitions (shareholder sponsored proxy resolutions) on the ballot in 2008.  Coalitions are being formed to address climate risk issues at public companies.  On September 18, 2007, a broad coalition of investors, state officials with regulatory and fiscal management responsibilities, and environmental groups filed a landmark petition asking the Securities and Exchange Commission (SEC) to require publicly-traded companies to assess and fully disclose their financial risks related to climate change issues. The coalition formally asked the Commission's Division of Corporation Finance to immediately begin "[c]losely scrutinizing the adequacy of registrants' climate disclosures" under existing law.

The institutional investors involved represent $1.5 trillion in managed assets and include major public employee pension funds, state treasurers and comptrollers, state attorneys general and major environmental organizations.  Their “First of a Kind” resolution will create major waves on Wall Street and in the corporate suites as the campaign goes on.   (This issue is not going anyway anytime soon.)

The coalition includes the Environmental Defense, Ceres, the California State Treasurer Bill Lockyer, Florida Chief Financial Officer Alex Sink, Maine State Treasurer David G. Lemoine, New York State Comptroller Thomas P. DiNapoli, North Carolina State Treasurer Richard Moore and Oregon State Treasurer Randall Edwards, as well as New York State Attorney General Andrew M. Cuomo.

The Securities and Exchange Commission staff had no immediate reaction, but in the overall dialogue regarding shareholders rights, federal regulations and corporate governance, this measure landed like a bombshell in Washington, DC.  Accountability-Central will continue to present news and commentary as the climate change issue unfolds and various capital markets players present their views and opinions.

Learn more about climate change: http://www.learnstuff.com/climate-change-and-global-warming-an-objective-overview/

 

 


Latest on Global Warming and Climate Change

December 11, 2020 NY pension fund sets 2040 net-zero goal, divestment review plan

Source: S&P Global

The third-largest pension fund in the U.S. announced plans to decarbonize fully by 2040 and begin a four-year review of its energy sector investments for potential divestment.

December 10, 2020 How three leading companies are tackling sustainability

Source: CNBC

Mitigating climate change through decarbonization is, therefore, a huge and necessary response. The emission goals of the Paris Agreement state that all parties will reduce their carbon footprint by more than 50 percent by 2030...

December 10, 2020 Gabriela Hearst: Sustainability is not a choice, it’s a necessity - podcast

Source: Vogue Business

Gabriela Hearst... sees what’s coming clearly, and that’s the climate crisis, which she says will lead to the extinction of our species if proper action isn’t taken. She says she’s able to stay optimistic about fashion because...

December 10, 2020 Australia's record spring heat one-in-500,000 without climate change: analysis

Source: The Guardian

Australia’s hottest spring on record, which saw temperatures more than 2C above average, would have been “virtually impossible” without human-caused climate change, new analysis has found.

December 10, 2020 UK emissions must drop by 78% by 2035 states Carbon Report

Source: Energy Digital

he UK's path to net zero report from the Committee on Climate Change has recommended a 78 percent reduction in UK territorial emissions until 2035 - relative to 1990 - bringing forward the previous 80 percent target by nearly 15...

December 9, 2020 Climate-smart water management is fundamental for sustainable development

Source: ElPais

In response to the urgent call for action on climate change, more than 110 countries have pledged carbon neutrality by 2050 and many more are working on improving their national climate targets ahead of the United Nations Climate...

December 8, 2020 An ocean like no other: the Southern Ocean’s ecological richness and significance for global climate

Source: The Conversation

The Southern Ocean, south of 30°S, is estimated to store about 75% of this global oceanic uptake of excess heat and about 35% of the global uptake of excess carbon from the atmosphere. It is the primary storage of heat and carbon...

December 7, 2020 BlackRock debuts software that assesses climate risk for investors

Source: Edie

Called Aladdin Climate, the software has functions for measuring both physical and transition risks for whole portfolios. It is also able to measure the impact of likely and potential policy changes and technology advancements on...

December 7, 2020 Yes, some Americans may be required to get a COVID-19 vaccine but not by the federal government.

Source: USA Today

Instead, employers and states may condition return or access to workplaces, schools and colleges upon getting the vaccine and mandate it once the FDA issues full approval, potentially months later.

December 3, 2020 New Administration, New Sustainability? What Biden Means for Green in Fashion and Beyond

Source: Yahoo

While the last four years haven’t exactly been marked by avid environmentalism among U.S. political leaders, the next four may be greener.That’s according to experts, who expect the incoming administration of President-elect Joe...

Displaying results 21 to 30 out of 2936
HOME | ABOUT THE SITE | SUBSCRIBE TO SUSTAINABILITY HIGHLIGHTS NEWSLETTER | VOICES: FEATURED COMMENTATORS AND BLOGGERS  | SPECIAL SECTIONS

Published by Governance & Accountability Institute, Inc.
Design & Contents Copyright © 2005 - 2020
By G&A Institute unless otherwise noted. All rights reserved.
Accountability-Central is a service mark of G&A Institute, Inc.
New York, New York, USA

Email info@ga-institute.com | Web www.ga-institute.com