An interesting phenomenon is happening in the world of philanthropy. 17 large and reputable Foundations, including the Ben & Jerry’s Foundation, The Educational Foundation of America, The John Merck Fund, The Russell Family Foundation, The Sierra Club Foundation, and the Wallace Global Fund, with assets totaling nearly $2 billion, have (more…)
Scientists and government officials are questioning the way the Intergovernmental Panel on Climate Change, widely considered the definitive authority on global climate risk, handles its major reports.
The panel typically issues “blockbuster” reports every five to seven years; the next is set to be (more…)
Although tax season just ended, addressing climate risk and sustainability should remain at the forefront of every CxO’s mind. Why? It’s about potentially missing significant opportunities to increase efficiencies and reduce costs through improved internal processes and controls, reduce risks across all areas of operations, drive innovation, and build resiliency into your firm.
The Securities and Exchange Commission guidance published in February 2010 about disclosure of climate risk is intended to highlight the concern management has about the risk they see. Any quantification of that risk is expected to be stated in the financial statements as compliance costs or unforeseen capital expenditure required for compliance of new regulations or due to physical impacts, such as flooding. (more…)