2. Financial experts making carbon investment risk
visible today in the capital market.
Anthony Hobley - Chief Executive Officer
Mark Campanale - Founder and Executive Director
Jon Grayson - Chief Operating Officer
James Leaton - Research Director
Luke Sussams - Senior Researcher
Reid Capalino - Senior Researcher
John Wunderlin - Staff Attorney US
Margherita Gagliardi - Communications Officer
Tracy Trainor - Office Manager
Jeremy Leggett - Chair, Board of Directors
Mark Campanale - Deputy Chairman
Anthony Hobley - Executive Director
Alice Chapple - Non Executive Director
Cary Krosinsky - Non Executive Director
Who we are
4. Our formula
...by translating climate science and policy
into the language of finance.
Our work is aimed to align climate risk
with capital market risk...
5. What we do
Our research has created a new debate around
climate change and investment.
8. We are not about divestment
…an easy and powerful bit
of arithmetical analysis
first published by financial analysts
in the U.K. has been
making the rounds…
(it) up-ends most of the
conventional political thinking
about climate change.
And it allows us to understand
our precarious position with….
simple numbers”.
Bill McKibben, Co-founder of
350.org
9. We are about responsible
risk management
This report shows very clearly
the gross inconsistency between
current valuations of fossil fuel
assets and the path governments
have committed to take in order
to manage the huge risks
of climate change.
Prof. Lord Stern of Brentford
Chair, Grantham Research Institute
on Climate Change and the
Environment, LSE
10.
11.
12. Carbon budget deficit for listed companies
Current listed reserves (762
GtCO2)
far exceed a quarter of
the carbon budgets
but could double (1541 GtCO2)
If we break the 2 C budget we
very quickly hit 2.5 C and 3 C
Use new analysis of financial riskEngage with companies on strategy and CAPEXAsk for more cash to be returnedIdentify companies with best position – more gas and low cost conventionalsUse resolutions to push those that don’t respond for explanations of business modelGet company to diversify or reallocate within fundIf no progress and can deviate from the benchmark then sell down the holdingBut market is not set up to deal with this kind of long term systemic risk, so only likely to see some marginal shifts. Not enough to bring within the budget. Hence regulators need to step in and align markets with climate targets.