Tag: Ceres

New Ceres Report Analyzes Unaddressed Climate Risks in the Derivatives Market

Stuart Mitchell

Ceres, has released a new first-of-its-kind report, Derivatives & Bank Climate Risk: Financing a Net Zero Economy, on the $600 trillion global derivatives market. The report examines the financial risks that derivatives activities pose for the 25 largest U.S. banks and offers concrete actions to address them.  Derivatives are financial instruments that “derive” their value from an underlying asset class such as interest rates, credit markets, equities and even energy commodities and are used by banks and borrowers to, among other things, de-risk financing packages.   In the space of two…

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Companies urge states to adopt clean car standards and accelerate the shift to zero-emission transportation

Stuart Mitchell

Leading companies are urging state policymakers to pass ambitious new car standards after California finalized the Advanced Clean Cars II rule last month, which will require all new passenger vehicles sold in the state to be zero-emission models by 2035.  At a Climate Week NYC 2022 virtual event today, representatives from Ford, Hertz, Lyft, and Siemens will join the sustainability nonprofit Ceres, the National Resources Defense Council, and the clean transportation advocacy organization CALSTART, as well as environmental officials in Massachusetts and Washington, to discuss the California rule and the…

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Companies and financial institutions must align their corporate lobbying with their climate action

Stuart Mitchell

Companies and financial institutions must align their lobbying dollars with their public policy positions on climate change. Strong climate policies are needed not only to mitigate the financial risks to firms, but to financial markets at large. Last year, Ceres produced an analysis on Responsible Policy Engagement on Climate Change that underscores the misalignment between the climate strategies of companies and their public statements and lobbying priorities. It makes clear recommendations on what companies can do to establish systems that address climate risk and integrate that risk into their direct…

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Major businesses laud Minnesota climate action to transition to a net zero economy

Stuart Mitchell

As Gov. Tim Walz presents Minnesota’s final Climate Action Framework designed to help the state achieve its climate pollution reduction goals, nine major businesses recently released a letter in support of Minnesota’s transition to a carbon neutral economy. Aveda, Ben & Jerry’s, Clif Bar, Ecolab, Eileen Fisher, General Mills, IKEA, LHB, and Trane Technologies signed the letter, noting that “climate change poses a significant risk to our businesses, threatens the competitiveness and livelihoods of our supply chains, and impacts the communities in which we operate.”  Minnesota missed a 2015 target…

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California’s new clean car standards will accelerate zero-emission vehicle market development across states

Stuart Mitchell

Ceres joins major companies and employers in California to celebrate the adoption of the Advanced Clean Cars II rule, which will build upon the state’s history of leadership in deploying cleaner and more efficient vehicles across the U.S. and support the auto industry’s shift to a zero-emissions future.  The California Air Resources Board approved the new light-duty vehicle standards today following months of consideration and with significant support from major companies, institutions, and investors. The original Advanced Clean Cars rule, adopted in 2012 using California’s authority to set its own…

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