Dear John,
The evidence is increasingly clear that climate change poses risks that are not just financial or even material, they are systemic - and could affect the stability of our global financial markets. While companies are stepping up to address this risk, for instance by setting science-based targets to reduce greenhouse gas emissions, those efforts could be undermined when a company’s lobbying activities are not consistent with climate science. This misalignment is not only counterproductive, it also poses financial and reputational risks.
Today, Ceres is releasing a bold new action plan, The Ceres Blueprint for Responsible Policy Engagement on Climate Change, that details exactly how large U.S. companies should be structured to address climate change as a systemic financial risk and align their lobbying with the science based climate policy goals. The Ceres Blueprint calls on companies to:
1. Assess climate-related risks to the company, and the ways in which its lobbying efforts serve to exacerbate or mitigate these risks.
2. Govern to systematize decision-making on climate change across the company, including in all direct and indirect lobbying.
3. Act to align both direct and indirect lobbying with science-based climate policies. |
The Ceres Blueprint
is an especially important and timely resource as companies direct their lobbying activities to ensure the U.S. builds back better
from COVID-19 while accelerating climate action at the same time. By aligning corporate climate lobbying to science, companies can reduce their overall risk exposure and begin to shape a policy agenda that will better position them for the much needed transition to a net-zero emissions economy.
I’m excited to share this new resource with you. I encourage you to download it, share it, and use it. Please don’t hesitate to reach out to us if you have any questions about this resource or our work on climate governance or policy advocacy.
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Veena Ramani
Senior Program Director, Capital Market Systems
Ceres
@veenaramani15 | |
