Confronting Climate Change
Finance & Investing
Finance & Investing
The global financial landscape is increasingly being shaped by factors associated with climate change––including forecasts about its physical effects and public sector responses. The wide-ranging effects of environmental risks, technological advances, infrastructure challenges, business model innovations, and national and international policy shifts are impacting the financial sector in unprecedented ways.
On March 4, 2020 the Business & Environment Initiative and Alumni Relations hosted Risks, Opportunities, and Investment in the Era of Climate Change, a groundbreaking and timely Harvard Business School alumni conference that asked a fundamental question: In the era of climate change, what will you do to stay ahead of the curve, preserve access to capital, anticipate and manage risk, and invest in new opportunities?
Conference Agenda
Conference Videos
- Ramana Nanda Opening Remarks
- Leading a Financial Institution in the Era of Climate Change
- Japanese Government Pension Investment Fund (GPIF): Incorporating Climate Risk in Investment Decisions
- Uncovering and Pricing Climate Risk in Long-Term Investments
- Daniel Schrag on the Science of Forecasting Climate Change: What We Know and What We Don’t
- Incorporating Climate Risk into Financial Models: Bob Litterman on Transition Risk
- Incorporating Climate Risk into Financial Models: Sustainable Finance
- Innovative Mitigation and Adaptation Strategies
Conference Presentations
- Presentation by Daniel P. Schrag, Harvard University Center for the Environment
- Remarks by Kevin J. Stiroh, Federal Reserve Bank of New York
- Presentation by David Perry, Indigo Ag
- Presentation by Wendy Cromwell, Wellington Management
- Video from David Keith, Carbon Engineering
- Video from David Perry, Indigo Ag
- Video from Jennifer Wagner, CarbonCure
Readings & Conference Materials
- Should a Pension Fund Try to Change the World?
- Climate Change in 2020: Implications for Business
- BlackRock: Linking Purpose to Profit
- Governing PG&E
- Indigo Agriculture: Harnessing Nature
- Shareholder Activism and Firms' Voluntary Disclosure of Climate Change Risks
- Decarbonization Factors
- Financing the Response to Climate Change: The Pricing and Ownership of U.S. Green Bonds
Supplementary Readings
- Recommendations of the Task Force on Climate-related Financial Disclosures
- State and Trends of Carbon Pricing 2019
- Lex in depth: the $900bn cost of ‘stranded energy assets’
- Climate risk and response: Physical hazards and socioeconomic impacts
- The Global Risks Report 2020
- Breaking the Tragedy of the Horizon
- Reith Lectures 2020 – How We Get What We Value