A rocket launching into space, with a peach-colored exhaust trail

Momentum for Climate Disclosure Continues as Investors Push

May 25, 2016

Major Canadian institutional investors including the Canada Pension Plan Investment Board, Bank of Montreal’s Global Asset Management group and the Ontario Teachers’ Pension Plan have announced support for shareholders’ resolutions urging Exxon Mobil Corp. and Chevron Corp. to “stress test” their operations against a climate-adjusted future.

While Exxon and Chevron both conduct their own analysis of climate risk, investors worth over $10 trillion have lined up to demand stronger and more transparent efforts. For example, on Monday, French-based multinational Total SA stated that it would reduce it exposure to Canada’s oil sands to focus on lower-cost production as part of a re-alignment of its business strategy with global efforts to limit temperature increases to 2 C.

There is growing pressure on all businesses to understand and disclose climate-related risks. Mantle is proud to be at the forefront of helping corporate decision-makers understand the impacts of climate change, and the consequent risks to their business.

Laura Zizzo, Dr. Blair Feltmate, Head of the Intact Centre on Climate Adaptation, and Tania Caceres, Principal at Risk Nexus, are hosting a corporate due diligence training seminar on climate risk on June 17, 2016 at the Marriott Toronto Downtown Eaton Centre.

This morning session will discuss:

  • climate change and extreme weather, and the need for businesses to de-risk operations by preparing for a “new weather normal”
  • financial, legal and policy drivers to incorporate climate change into business planning and management (e.g. cap and trade, carbon pricing, corporate securities, corporate governance and fiduciary duty)
  • the need to properly measure, adapt to, manage and disclose climate change related risks and regulatory risks effecting business models

For more information, and to register, click here.