Businesses and Investors Need to Act on Climate Now

Alicia Seiger writes in The Stanford Social Innovation Review:

The business case for acting on climate change has never been stronger, and the need to act has never been more urgent. For the past three years, worldwide carbon emissions from fossil fuels have stayed flat while gross domestic product (GDP) has grown, demonstrating that emissions and economic growth aren’t inextricably linked. Decoupling emissions and growth is just the first step. To stay within the carbon budget for 2 degrees Celsius warming—and avoid the most catastrophic impacts of climate change—global emissions have to start falling by 2020. While the President of the largest economy in the world blows headwinds at progress, business leaders and investors must act to bend the emissions curve.

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How do you speak to a climate denier?

–Frank Sherman, Associate Director Seventh Generation Interfaith Coalition for Responsible Investing

Climate change was on center stage at last week’s ICCR conference in Grand Rapids. Watching environmental regulations built up over many years being weakened or eliminated in Washington, leading to the U.S. exit from the Paris Climate Accord, has been painful. Especially considering the fact that the poorest people on our planet who had nothing to do with causing this problem will bare the blunt of the consequences.

But how do you speak to a climate denier?

(Complete text of How do you speak to a climate denier?)

Global investors urge G7 to stand by Paris Agreement

Seventh Generation Interfaith and several of our members were among 200 institutional investors representing more than USD 15 trillion in assets who sent a letter urging the G7 heads of state to stand by their commitments to the Paris Agreement at their upcoming Summit in Taormina, Italy on May 26-27. These investors ask the world leaders to reiterate their support for and commitment to implement the Paris Agreement, including the delivery of their own Nationally Determined Contributions in full. A briefing paper for governments of the G7 and G20 nations was prepared by six investor organisations including the Asia Investor Group on Climate Change, CDP, Ceres, the Investor Group on Climate (IGCC, Australia/New Zealand), the Institutional Investor Group on Climate Change (IIGCC, Europe), and The Principles for Responsible Investment.

“With the US threatening to pull out of the Paris Climate Agreement next week, now is the time for investors to make their voices heard by encouraging governments to stand firm on their commitment to the Paris Agreement,” said Fiona Reynolds, managing director of the PRI. “Investors worldwide have come to understand the material financial risks around climate change. Certainly, at the PRI, our members have noted climate risks as their number one ESG concern.”