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: 

  • Fossil Fuel Divestment Reports from Campuses

  • Divestment Guide - a web-portal with resources, tools, and data on fossil fuel divestment and fossil free investing (a project of Divest-Invest Individual)

  • GoFossilFree.org - an international network of campaigns and campaigners working to promote divestment from the top 200 fossil fuel companies 

  • The Carbon Underground 200 - the list of the top 200 fossil fuel companies ranked by the potential carbon emissions content of their reported reserves (maintained by Fossil Free Indexes) 

  • The Carbon Clean 200 - the Clean200 list ranks the largest publicly listed companies by their total clean energy revenues, with environmental, social, and governance screens (As You Sow and Corporate Knights) 
  • Divest-Invest Philanthropy - a network of philanthropic organizations committed to divesting from the top 200 fossil fuel companies and investing at least 5% of their portfolio into climate solutions. 

  • Fossil Free Funds - an online tool that enables users to look up mutual funds and see their exposure to various fossil fuel companies. (As You Sow, with financial data provided by Morningstar)

  • Fossil Fuel Divestment: A Practical Introduction - Meggin Thwing Eastman, MSCI, September 2016

  • SEC Sustainability Disclosure Search l - The tool scours the text of SEC annual filings (10-Ks, 20-Fs and 40-Fs) and automatically identifies relevant disclosures on sustainability issues like climate change, carbon asset risk, water availability and quality, and hydraulic fracturing (Ceres) 

 

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

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

Adapting Portfolios to Climate Change: Impactions and Strategies for All Investors | BlackRock Investment Institute, September 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

The Risks and Opportunities from the Changing Climate: Playbook for the Truly Long-Term Investor | Cambridge Associates, December 2015

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

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 Change l Mercer, June 2015

Climate Change Investment Solutions: A Guide for Asset Owners l 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