From Steven Rothstein, Ceres <[email protected]>
Subject Ceres shares Best Practices for Municipal Bond Issuers
Date April 8, 2025 5:47 PM
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New guidance released on how state and local governments can integrate resilience planning with climate risk disclosure ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

[Image alt text: Ceres logo] < [link removed] > Dear John,

As municipalities and other public entities face hundreds of billions of rising costs from storms, fires, and extreme weather events, Ceres today released new guidance on how state and local governments can integrate resilience planning with climate risk disclosure to address these challenges.

The report, "Leading with Transparency: Improving Climate Risk Disclosure by Municipal Governments < [link removed] > ," provides a comprehensive framework for how public sector organizations can better inform investors on their climate risks and plans to address these risks. The report also highlights best practices from leading U.S. municipalities enhancing their climate risk reporting.

Download the Municipal Government Report < [link removed] >

The report comes in the wake of recent climate-related municipal bond defaults and credit downgrades, including those following the Los Angeles wildfires where S&P downgraded bonds due to concerns about future climate risks. Rising sea levels, hurricanes, floods, wildfires, and extreme heat increasingly threaten municipal revenues while creating significant adaptation costs.

Forecasts predict that climate adaptation projects will drive a doubling of municipal debt issuance over the next decade, making transparent disclosure even more critical for municipalities seeking to fund resilience investments. Download the report to learn more < [link removed] > . [Image alt text: Leading with Transparency: Improving Climate Risk Disclosure by Municipal Governments Report] < [link removed] > We encourage you to reach out to your city, county, or state government—and ask what they are doing to address the risk the changing climate poses to their municipal bonds. Email them this report
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mailto:[email protected]?subject=Please%2520read%2520this%2520report&body=To%2520Whom%2520It%2520May%2520Concern%252C%250D%250A%250D%250AI%27m%2520writing%2520to%2520understand%2520your%2520office%27s%2520approach%2520to%2520addressing%2520the%2520urgent%2520climate%2520crisis.%2520As%2520a%2520resident%252C%2520I%2520care%2520deeply%2520about%2520ensuring%2520our%2520local%2520government%2520is%2520proactively%2520reducing%2520climate%2520risks%2520and%2520transitioning%2520to%2520sustainable%2520practices.%250D%250A%250D%250AI%2520want%2520to%2520share%2520a%2520critical%2520resource%2520with%2520you%253A%2520%2522Leading%2520with%2520Transparency%253A%2520Improving%2520Climate%2520Risk%2520Disclosure%2520by%2520Municipal%2520Governments%252C%2522%2520provides%2520a%2520comprehensive%2520framework%2520for%2520how%2520public%2520sector%2520organizations%2520can%2520better%2520inform%2520investors%2520on%2520their%2520climate%2520risks%2520and%2520plans%2520to%
2520address%2520these%2520risks.%2520The%2520report%2520also%2520highlights%2520best%2520practices%2520from%2520leading%2520U.S.%2520municipalities%2520enhancing%2520their%2520climate%2520risk%2520reporting.%2520You%2520can%2520download%2520the%2520report%2520here%253A%2520www.ceres.org%252Fmunicipal-bonds-report.%250D%250A%250D%250AAddressing%2520climate%2520change%2520isn%27t%2520just%2520an%2520environmental%2520imperative%25E2%2580%2594it%27s%2520a%2520necessity.%2520By%2520taking%2520decisive%2520action%2520now%252C%2520your%2520office%2520can%2520protect%2520our%2520community%2520and%2520ensure%2520its%2520long-term%2520sustainability.%250D%250A%250D%250AI%2520look%2520forward%2520to%2520hearing%2520about%2520the%2520steps%2520you%27re%2520taking%2520to%2520address%2520these%2520critical%2520challenges.%250D%250A%250D%250ASincerely%252C > and express your desire to ensure that our municipalities are prepared to meet the challenges of increasing extreme
weather events. You can look up the emails for your state and local officials here: www.usa.gov/elected-officials < [link removed] > .Email this Report
<
mailto:[email protected]?subject=Please%2520read%2520this%2520report&body=To%2520Whom%2520It%2520May%2520Concern%252C%250D%250A%250D%250AI%27m%2520writing%2520to%2520understand%2520your%2520office%27s%2520approach%2520to%2520addressing%2520the%2520urgent%2520climate%2520crisis.%2520As%2520a%2520resident%252C%2520I%2520care%2520deeply%2520about%2520ensuring%2520our%2520local%2520government%2520is%2520proactively%2520reducing%2520climate%2520risks%2520and%2520transitioning%2520to%2520sustainable%2520practices.%250D%250A%250D%250AI%2520want%2520to%2520share%2520a%2520critical%2520resource%2520with%2520you%253A%2520%2522Leading%2520with%2520Transparency%253A%2520Improving%2520Climate%2520Risk%2520Disclosure%2520by%2520Municipal%2520Governments%252C%2522%2520provides%2520a%2520comprehensive%2520framework%2520for%2520how%2520public%2520sector%2520organizations%2520can%2520better%2520inform%2520investors%2520on%2520their%2520climate%2520risks%2520and%2520plans%2520to%
2520address%2520these%2520risks.%2520The%2520report%2520also%2520highlights%2520best%2520practices%2520from%2520leading%2520U.S.%2520municipalities%2520enhancing%2520their%2520climate%2520risk%2520reporting.%2520You%2520can%2520download%2520the%2520report%2520here%253A%2520www.ceres.org%252Fmunicipal-bonds-report.%250D%250A%250D%250AAddressing%2520climate%2520change%2520isn%27t%2520just%2520an%2520environmental%2520imperative%25E2%2580%2594it%27s%2520a%2520necessity.%2520By%2520taking%2520decisive%2520action%2520now%252C%2520your%2520office%2520can%2520protect%2520our%2520community%2520and%2520ensure%2520its%2520long-term%2520sustainability.%250D%250A%250D%250AI%2520look%2520forward%2520to%2520hearing%2520about%2520the%2520steps%2520you%27re%2520taking%2520to%2520address%2520these%2520critical%2520challenges.%250D%250A%250D%250ASincerely%252C > Thank you, [Image alt text: Headshots 150x150 Rothstein]

Steven Rothstein

Managing Director,

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