All Environmental issues articles – Page 15
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News and press
Scaling up Chinese investor capacity for green finance – the PRI’s plans to meet the challenge
China has emerged as a driver of green finance and climate action.
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News and press
Proxy season 2017: analysing the trends
With the 2017 proxy season now complete, it is time to take stock of the outcomes, analyse the voting trends and learn lessons for next year.
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News and press
Five oil majors risk 30% of potential investments on projects ‘unneeded’ in a 2⁰C world
Five of the world’s six largest listed oil companies risk wasting more than 30% of possible spending on upstream projects that are high-cost and surplus to supply needs in a 2⁰C world, with ExxonMobil most exposed.
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Engagement guide2 degrees of separation: Transition risk for oil and gas in a low carbon world
Are the oil majors aligned with a 2°C target? This new analysis provides a way of understanding whether the supply options of the largest publicly traded oil and gas producers are aligned with demand levels consistent with the agreed target for maximum global warming.
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Engagement guideCalculating carbon supply cost curves in a 2°C scenario
In order to try and allocate the carbon budget at a company level, Carbon Tracker developed the carbon supply cost curve approach.
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Engagement guideCalculating a 2°C capex pathway for oil and gas companies
Having calculated the oil and gas production associated with a 2D scenario, we can then identify the level of capital expenditure required, and the delta to business-as-usual, (BAU).
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Engagement guide
Oil and gas company/project exposure to a 2°C scenario
Companies that have a lower percentage of unneeded capex can be seen as more aligned with a 2D budget; companies with a greater percentage of unneeded capex warrant further attention from investors.
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Engagement guideNPV sensitivity of oil and gas companies to a 2°C scenario
The NPVs of a company’s 2D-compliant portfolio and its BAU portfolio can be compared to give an insight into the cost structures of the two and their relative values.
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Engagement guideScenario analysis – degrees of warming
Scenarios are often misrepresented. Ultimately they are one version of the future, not a prediction or forecast.
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Engagement guide
Introduction to transition risk for oil and gas companies
The speed and scale of the energy transition is becoming more obvious every day, causing more investors to accept the need to improve their strategies to be well positioned as structural changes in the energy and related sectors occur.
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News and press
PRI perspective: investors must drive implementation of the FSB Task Force final report
The FSB Task Force on Climate-related Financial Disclosures (TCFD) marks a turning point on how companies, banks, insurers, investors and regulators understand and respond to climate risk and opportunity.
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Thought leadership
TCFD Recommendations: Country reviews – Brazil
This review concludes that there is scope for Brazil to work towards a stronger disclosure regime, such as that identified by the TCFD under its recommendations.
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Thought leadership
TCFD Recommendations: Country reviews – Canada
This review concludes that a strong disclosure regime such as that identified by the TCFD under its recommendations would assist materially in ensuring climate risk mitigation in Canada.
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Thought leadershipTCFD Recommendations: Country reviews
The PRI and Baker McKenzie undertook a review during mid-2017 of how the TCFD’s voluntary recommendations integrate into existing regulation and soft law in Brazil, Canada, the EU, Japan, the United Kingdom and the USA.
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Thought leadership
TCFD Recommendations: Country reviews – European Union
Particularly for asset managers and institutional investors, EU rules will increasingly require entities to assess climate-related risks to assets and businesses, as both financial and non-financial factors.
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Thought leadership
TCFD Recommendations: Country reviews – Japan
This review concludes that there is scope for Japan to work towards a stronger disclosure regime, such as that identified by the TCFD under its recommendations.
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Thought leadership
TCFD Recommendations: Country reviews – UK
This review concludes that the UK’s existing regulation on disclosure is comprehensive and that (unlike many other developed nations) it integrates, to some extent, sustainability risks into the broader financial risk analysis and disclosure framework.
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Thought leadership
TCFD Recommendations: Country reviews – US
This review concludes that consideration and implementation of a structured and detailed framework consistent with the TCFD’s recommendations is likely to assist US companies in understanding the ideal scope of their disclosures and to integrate climate risk awareness into their businesses, and their financial filings.
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Thought leadership
TCFD Recommendations: Country reviews – France
The French strategy has been to take small steps to give enough time to all actors to implement climate disclosure.
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News and press
PRI releases briefing document on US regulation and climate change
In a move to bring clarity to proposed changes in the US around policy and regulation issues, the PRI has released a briefing document for both US and global signatories. Since President Trump took office in January this year and began to assemble his administration, the political tide has turned ...
