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December marks the five-year anniversary of the Paris Agreement — a turning point for the movement to limit dangerous climatechange and environmental destruction. These leaders understood the direct linkage between climatechange and financial risk. On the fifth anniversary of the TCFD, a call to action.
Highly respected institutions such as the International Energy Association (IEA) and the Energy Transitions Commission (ETC) remain upbeat that the shift to a net zero globaleconomy is possible and well underway. Business leaders now have the scientific evidence that taking climate action will boost their corporate success.
But irrespective of the political impulse in Washington, we expect resilience to be a critical focus, transcending divides and spanning climate, social and environmental issues. All of these endanger corporates bottom lines and translate into systemic risks for financial institutions.
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