By Felicia Jackson, Forbes Contributor writing about innovation, finance, energy, climate and sustainability.
The Forbes article is here.
Excerpts:
Climate and environmental information reporting is becoming mainstream. The focus on risk disclosure means it doesn’t matter whether you believe in climate change or not – what matters is transparency about corporate risk.
As Richard Samans, Chairman, CDSB and Managing Director, Head of Policy and Institutional Impact at the World Economic Forum says, “Financial market are a mechanism by which we embed information into pricing.” Today that means providing investors with useful information on a range of externalities, from information about the potential impact of carbon pricing on energy costs; the materials used for manufacturing, where costs and availability might change; the impact of technology on markets; the social impact of a corporation on its environment physically, socially and ethically.
More:
Samans believes that we are now at an inflexion point in terms of investor interest. He added, ‘The key change in the last ten years came from the Copenhagen failure. It didn’t engage with the enabling environment conditions in the private sector to enable the public sector to achieve its goals.’