I believe that investing in climate resilience technologies and solutions presents the chance for differentiated, attractive financial returns and meaningful, measurable impact on the effects of climate change. What will you be discussing at The Economist’s Climate Risk Summit? Companies can look to the recommendations of the Task Force on Climate-Related Financial Disclosure to develop a process for evaluating and disclosing climate risk – both transition risk and, increasingly importantly, physical risk. Companies should begin to examine the existing physical risks they face in operations, investments, employees, customers and communities and systematically evaluate how they will change as climate change unfolds. Climate change will increase, shift and make more complex existing kinds of risks that we have assessed and managed before. Climate risk is not X-Files risk – it is not “aliens landing on the Earth” risk that we have never seen before. How should companies manage climate-related risks?Ĭompanies should first embrace the need to assess climate-related risks. Investors, managers, government and community leaders, and individuals are all waking up to the reality of the effects of climate change. The Wall Street Journal called Pacific Gas & Electric the first corporate casualty of climate change in January 2019, and BlackRock recently released a report identifying underpriced risk in coastal real estate, the $2.3 trillion US municipal bond market and 269 listed utilities. Every asset and organization that has not assessed and managed its climate risk is naked long that risk. How do you see climate change affecting your organisation/the organisations you work with?Ĭlimate change is unfortunately already underway, causing humanitarian disaster and impact to the real economy. I am also the founder and chair of the Global Adaptation and Resilience Investment working group (GARI), a partner of the UN Secretary General’s A2R Climate Resilience Initiative that convenes private investors and other stakeholders to discuss the intersection of investment and climate resilience and adaptation. We believe investing in assessing and managing the risk of climate change presents an opportunity for attractive returns for investors and a measurable impact on climate change, the Sustainable Development Goals and gender. My partner Sanjay Wagle and I each have over 20 years of experience in direct growth investing at Carlyle and VantagePoint Capital as well as US OPIC, IFC, the US Department of Energy, the NY Green Bank and the UN Green Climate Fund. The Lightsmith Group is the first private investment firm focused on climate resilience and adaptation – accelerating the growth of companies with technologies and solutions that address the effects of climate change. Please give us some background information on yourself and how your organisation plays a leading role in the climate risk agenda?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |