Carbon Risk

VIDEO:  Investment Risks and Options: The Climate Case and Beyond

Panel from the April 2014 Intentionally Designed Endowments conference, featuring:

  • Geeta Aiyer, Boston Common Asset Management
  • Alice DonnaSelva, Prime Bucholz
  • Kenneth Locklin, Impax Asset Management
  • Mark Orlowski, Sustainable Endowments Institute
  • Moderator: Chris Davis, Ceres

(see all of the videos from the April 2014 conference here)

Fossil Fuel Divestment Resources: 


Articles & White Papers (most recent first):

Climate Change Investment Risk Update on the “Smart Carbon” Methodology | Impax Asset Management, April 2017

Make a Clean Break: Your Guide to Fossil Fuel Free Investing l Trillium Asset Management, Green Century & 350, April, 2017

Climate Investing in 2017 l Cornerstone Capital Group, January, 2017

Unconventional Risks: The Growing Instability of Oil Investments | As You Sow, 2016

Recommendations of the Task Force on Climate-related Financial Disclosures l TCFD, December 14, 2016

Video: Interview with Don Gould, Trustee at Pitzer College, About Their Decision to Divest From Fossil Fuels l EcoCiv, December, 2016

Disclosing the Facts: Transparency and Risk in Hydraulic Fracturing Operations l As You Sow, Boston Common Asset Management, and the Investor Environmental Health Network

Out of the Starting Blocks: Tracking Progress on Corporate Climate Action l CDP, October 2016

Positive Organizational Leadership and Pro-Environmental Behavior: The Phenomenon of Institutional Fossil Fuel Divestment | July 2016

Value-Chain Analysis: Partnership for a Carbon Efficiency Strategy l BNY Mellon, April 2016

Investing in a Time of Climate Change: California State Teachers Retirement System Portfolio Climate Change Risk Assessment Executive Summary l Mercer, February 23, 2016

SEC Sustainability Disclosure Search l Ceres

Climate Change: Separating the Real Risks for Investors from the Noise l Teachers' Pension Plan, Ontario 

The Road to Paris: Global Companies Speak Out for Action on Climate Change l Walden Asset Management, October 2015

Measuring the Growth of the Global Fossil Fuel Divestment and Clean Energy Investment Movement l Arabella Advisors

Action on Climate: A Practical Guide for Fiduciaries l Croatan Institute, September 2015

Addressing Climate Change and the Investment Implications l Morgan Stanley, August 2015

Fossil Free Campaign Orientation Paper for University of Ottawa | Dr. Tessa Hebb, Carleton University, June 2015 

Investing in a Time of Climate ChangeMercer, June 2015

Climate Change Investment Solutions: A Guide for Asset Owners Global Investor Coalition on Climate Change, April 2015

Beyond Divestment: Using Low Carbon Indexes l MSCI Research, March 2015

The Smart Way to Divest from Fossil Fuels | Pax World, March 2015 (response to the Fischel report)

Fossil Fuel Divestment: A Costly and Ineffective Investment Strategy | Daniel R. Fischel, Compass Lexecon, on behalf of the Independent Petroleum Association of America, February 2015

Stormy Seas, Rising Risks: What Investors Should Know About Climate Change Impacts at Oil Refineries l Center for Science and Democracy at the Union of Concerned Scientists, 2015

The Path to Fossil Fuel Divestment for Universities: Climate Responsible Investment l Cutler J. Cleveland and Richard Reibstein, Boston University, Department of Earth and Environment, February 12, 2015 

The Case for Forceful Stewardship (Part 1): The Financial Risk from Global Warming | Howard Covington and Raj Thamotheram, January 2015 

Fossil Fuel Divestment: Reviewing Arguments, Implcations & Policy Opportunities l Justin Ritchie and Hadi Dowlatabadi, Pacific Institute for Climate Solutions, January 2015

Storms on the Horizon: Is Climate Change Policy Likely to Undermine the Value of Fossil Fuel Assets, and Should Investors Divest? | Impax Asset Management, November, 2014

The Economic Risks of Climate Change in the United States | Risky Business Project, June 2014 

Climate Change: Implications for Investors and Financial Institutions | Institutional Investors Group on Climate Change, University of Cambridge, UN Environment Programme, June 2014 

Fossil Fuel Divestment: Risks and Opportunities | Advisor Partners, 2014

Responding to the Call for Fossil-fuel Free Portfolios | MSCI ESG Research, December 2013

Climate Change:  Investment Risks and Opportunities for Higher Education | Second Nature, December 2013

Stranded Carbon Assets:  Why and How Carbon Risks should be Incorporated in Investment Analysis | Generation Foundation, October 2013

The Cost of Fossil Fuel Divestment Has Been Greatly Exaggerated l Northstar Asset Management Inc., June 2013 (Rev. Sept 2013)

Emerging Research on Climate Change Risk and Fossil-Fuel Divestment | Veris, April 2013

Do the Investment Math:  Building a Carbon-Free Portfolio | Aperio Group, 2013

Beyond Fossil Fuels:  The Investment Case for Fossil Fuel Divestment | Impax Asset Management, 2013

The Other Reason for Divestment | Robert Litterman, Ensia, 2013

Investing to Curb Climate Change:  A Guide for the Institutional Investor | US SIF, 2013

Unburnable Carbon – Are the world’s financial markets carrying a carbon bubble? | Carbon Tracker Initiative, 2012 

Climate Change Scenarios – Implications for Strategic Asset Allocation | Mercer, 2011 

Reports and Publications from the Stranded Assets Programme at the Smith School of Enterprise and the Environment, University of Oxford