Companies Started Tackling Climate Change 29 Years Ago: How Has the Business Environment Changed?
In 1988 Roger Sant and his company Applied Energy Services (now just AES) were building small coal-fired power plants around the U.S. Roger would have preferred to build wind, but there was no way to make that work economically. So he set out with the help of the World Resources Institute to do the first […]
Should You Bank on Climate Risk Disclosures?
Companies increasingly face pressure from investors and others to disclose their “climate risks.” One example of the trend is the Task Force on Climate-Related Financial Disclosures, which recently released its Phase 1 Report. Unfortunately, the Task Force seems to be treating climate change as “just another risk” for purposes of risk disclosure. But it’s not. […]