Green Century endorses the Climate Risk Disclosure Act
Climate change poses vast material risks to companies across all sectors.
According to a recent Carbon Disclosure Project (CDP) report, the impacts of climate change could cost 200 of the world’s largest corporations nearly $1 trillion, yet many companies continue to underestimate, ignore, or outright deny the risks.
Investors have a right to know how corporations are addressing the material risks posed by climate change, which is why Green Century is pleased to endorse the Climate Risk Disclosure Act.
- Direct and indirect greenhouse gas emissions
- Total amount of fossil-fuel related assets owned or managed
- How their valuation would be affected if climate change continues at its current pace or if policymakers successfully restrict greenhouse gas emissions to meet the 1.5°C goal
- Risk management strategies related to the risks posed by climate change
The bill also would require additional disclosures from fossil fuel companies.
Enhanced disclosure would help investors better asses how corporations are addressing their exposure to climate-related risks and, ultimately, accelerate the transition to a low-carbon economy.
If we are to limit global temperature rise to 1.5°C to avoid the most catastrophic impacts of climate change, drastic action is needed, and the Climate Risk Disclosure Act represents a necessary step in the right direction.
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This information has been prepared from sources believed to be reliable. The views expressed are as of the date of this writing and are those of the Advisor to the Funds.
The Green Century Funds are distributed by UMB Distribution Services, LLC, 235 W. Galena Street, Milwaukee, WI 53212. 7/19.