Tag: Ceres

Net Zero Standard for North American Banks released as a guide for investors and banks

Stuart Mitchell

Ceres has released a Net Zero Standard for North American Banks, setting out investor expectations for U.S. and Canadian banks on transitioning to a net zero emissions economy. Based on the Net Zero Standard for Banks published June 5th, 2023 by the Institutional Investor Group on Climate Change (IIGCC) and developed in consultation with the Transition Pathway Initiative Global Climate Transition Center, the Standard has been adapted for the North American market and is a guide for investors to use in engaging with banks and for banks to use in…

Read More

New analysis introduces framework to help investors and companies understand true value of water stewardship

Stuart Mitchell

A new analysis highlights an innovative approach for investors and companies that aims to strengthen the business case for water action and shows where corporate boards and executives should prioritize investments for the greatest impact on their business and society. The Development of a Company-Level Cost-Benefit Analysis Framework, released by Ceres and the consultancy Bluerisk, introduces a new cost-benefit analysis framework for companies to assess the full value of water stewardship interventions across their value chain. Whereas some companies currently account for water-related risks to their business, the framework goes…

Read More

New Report Highlights U.S. Insurance Sector’s Efforts in Addressing Climate Change Risk

Stuart Mitchell

A new report released today by the Ceres Accelerator for Sustainable Capital Markets and the California Department of Insurance reveals that insurance companies are pursuing a wide variety of strategies to manage the increasing risks associated with climate change.  Climate Risk Management in the U.S. Insurance Sector: An Analysis of Climate Risk Disclosure, is the first comprehensive review of U.S. insurance companies’ climate risk strategies. The findings are based on an examination of nearly 500 publicly available insurance company responses to the National Association of Insurance Commissioners’ (NAIC) 2021 Climate…

Read More

Ceres’ annual Climate Risk Scorecard demonstrates federal financial regulators’ progress in addressing climate risk

Stuart Mitchell

A new scorecard released today by the Ceres Accelerator for Sustainable Capital Markets shows how 10 federal financial regulators have implemented key actions to address the financial risks of climate change, growing the total number of actions to more than 100 since July 2022. However, U.S. regulators have much more work to do to address these risks with the same level of ambition and urgency as their global counterparts.  The 2023 Climate Risk Scorecard: Assessing U.S. Financial Regulator Action on Climate Financial Risk found most of the assessed regulators have…

Read More

Major companies and investors push EPA for strong emissions standards to bolster U.S. in global clean vehicle race

Stuart Mitchell

Dozens of major U.S. companies and investors are urging the Environmental Protection Agency to finalize strong multi-pollutant emissions standards for light- and medium-duty vehicles and stringent greenhouse gas emissions for heavy-duty vehicles.   In a letter submitted today to the EPA, 60 leading companies and investors made the case that strong vehicle emission standards are critical to achieve national climate and economic goals. The signatories underscored the growing number of companies committed to transitioning to zero-emission cars, vans, and trucks to reduce their fuel and maintenance costs. They also emphasized the…

Read More