The Risky Business Project was founded in 2013 with the aim of providing sound economic analysis of the risks and opportunities related to climate change. Today, billions of dollars in real estate, agriculture, labor productivity, and human health are at risk from the increasing impacts of climate change. At the same time it’s increasingly clear that a clean energy economy can reduce the risks we face and provide significant opportunities for those companies willing to take the lead.
The Risky Business Project is not the only group examining these important issue areas. Notable groups such as the Climate Impact Lab, The Financial Stability Board’s Task Force on Climate-related Financial Disclosures, and Sustainability Accounting Standards Board are all building on this important work. Below find a brief description of these initiatives along with links to their recent work.
The Climate Impact Lab brings together leading expert economists, climate scientists, and computational scientists, among others, to provide cutting-edge climate change data to help decision makers best understand the risks presented by climate change. The CIL worked with the Risky Business Project to produce “Economic Risks of Climate Change: An American Prospectus”, and continues to work on areas such as sea level rise and other climate impacts.
The Financial Stability Board’s Task Force on Climate-related Financial Disclosures (FSB TCFD), through a series of reports and recommendations, is developing voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. The taskforce is made up of 31 members from across the G20’s constituency covering a broad range of economic sectors and financial markets. The taskforce seeks to bring climate disclosure to a mainstream audience, and builds on existing work to produce recommendations that can be used globally.
The Sustainability Accounting Standards Board (SASB) mission is to develop and disseminate sustainability accounting standards that help public corporations disclose material, decision-useful information to investors. That mission is accomplished through a rigorous process that includes evidence-based research and broad, balanced stakeholder participation. Companies that use sustainability reports as a channel for disclosure often reference the SASB framework for disclosure.