Ceres
For Aligning Banking, Asset Management, And Financial Regulations With Climate Change Mitigation
-
Amount$400,000
-
Program
-
Date Awarded8/29/2020
-
Term12.0 Months
-
Type of SupportProject
Overview
Ceres will call attention to actions financial regulators can take to address the systemic risks posed by climate change. Through engagement with federal and state regulatory agencies, Ceres proposes to leverage its June 2020 report, "Addressing Climate as a Systemic Risk: A Call to Action for U.S. Financial Regulators," to increase visibility on the role of financial regulators to address climate change. (Substrategy: Climate Finance)
About the Grantee
Grantee Website
www.ceres.org
Address
99 Chauncy Street, Sixth Floor, Boston, MA, 02111, United States
Grants to this Grantee
for leveraging the insurance industry to promote climate and clean energy goals
CERES works with businesses that support environmental policies, to ensure policymakers are aware of the corporations support for improving the environment. This planning grant will allow CERES to determine if there is role that philanthropy can play in helping the insurance industry to be more visible in their support for action on climate change and clean energy goals. The insurance sector could be a key ally in advancing climate change policy, since the sector's profits will be affected by unpredictable, adverse weather patterns. The CERES report will allow the Environment Program to determine what strategies, if any, to pursue in this realm.
for general operating support
An additional $1 trillion per year must be invested in clean energy between now and 2050 to avoid catastrophic climate impacts. Ceres is helping catalyze substantial shifts in capital by focusing on opportunity as well as risk, including moving large companies to take bold climate and clean energy action in operations, products, and supply chains, and moving investors (including insurers) to invest in clean energy.
