Global calls for better corporate “climate risk disclosure” have exploded over the last 12-24 months. The underlying hypothesis of much of the risk disclosure conversation is that if companies disclose climate risks to shareholders, financial markets will price those risks into share prices, stock markets will become more efficient, and financial stability will be safeguarded. […]
In 1988, as an associate at the World Resources Institute, I worked on the first carbon offset project. Thirty-one years later, carbon offsets are a well-known and common piece of climate mitigation efforts — and they are at a critical juncture. As countries around the world act to reduce their GHG emissions, the number of […]
Ten years ago I saw a presentation by the authors of the book Influencer: The Power to Change Anything about the ability of the right information at the right time — actionable knowledge — to influence human decisions. That’s because every human decision is based on the answers to two questions: 1) Is the topic […]
There is a fascinating business and climate change resource at Harvard Business School’s Digital Initiative website. In November 2016, Business School students faced an interesting assignment. Although few details are provided, they had to select a company whose business model was likely to be affected by climate change, describe that impact, and discuss what the company […]
I’ve just finished reading Billion Dollar Whale, a new book chronicling the exploits of Jho Low, a young Malaysian graduate of the Wharton business school. Over the last 10 years Low has allegedly pulled off the largest financial swindle ever seen by misappropriating billions of dollars from Malaysia’s sovereign growth fund. The book came closer […]