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Hey folks, I'm back after a two week break, and you won't want to miss this episode of the Climate Confident podcast! 🌍 I sat down with Steven Rothstein, the Managing Director of the Ceres Accelerator, and we got into the nitty-gritty of how financial institutions are stepping up their game—or not—in the face of the climate crisis.
You know, it's not just governments and environmental organizations that have a role to play; financial institutions are pivotal players in the climate transition. 🏦 Steven sheds light on the monumental efforts some are making, like climate disclosures and considering ESG in retirement funds. But he also points out that we've still got a long way to go.
Is the insurance sector serving low and moderate-income families? 🏠 With climate catastrophes on the rise, Steven reveals that many families are left in the lurch, struggling with the financial burden when disaster strikes. Tune in to hear what Ceres suggests to make insurance more equitable and climate-smart.
We also dive into some eye-opening reports Ceres has been publishing. From machine learning analysis of insurance companies' first-year climate disclosure reports to an upcoming report on the insurance sector's risky fossil fuel investments, the conversation is nothing short of enlightening. 🔍
The reports are:
Climate Risk Management in the U.S. Insurance Sector and
Detailed Analysis of 15 Companies in the US insurance sector
Steven also explains why some insurers are pulling out of states like Florida, Louisiana, and California, and it’s not why you might think. It’s all about climate risks, folks! 💡
Your homework? Check if your pension provider is investing in fossil fuels! 📚 Even asking the question can make a big impact.
So join the conversation and get inspired to take action, because, as Steven says, "It's a problem you can't say someone else will solve." This episode is jam-packed with knowledge and action items you won't want to miss! 🎧
🌐 Check out Ceres.org and FreedomtoInvest.org for more resources. You can also reach out to Steven at srothstein@ceres.org.
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Credits
Music credits - Intro by Joseph McDade, and Outro music for this podcast was composed, played, and produced by my daughter Luna Juniper