OVERVIEW FIRM
RPIA SUSTAINABILITY REPORT 2021
INVESTMENT MANAGEMENT
29
THE IMPORTANCE OF CLIMATE CHANGE Climate change continues to be the most urgent source of ESG risk for humanity and global economies. No sector has escaped the present or potential impact of climate change risks. As stewards of our investors’ capital, we continue to monitor short, medium, and longer-term effects on corporate credit arising from physical and transition risks. The most recent Intergovernmental Panel on Climate Change report has shown that the impacts from greenhouse gas emissions are not a far-off issue that can be addressed slowly over time. The report made clear that climate change has an immediate impact and must be addressed by governments and corporations across the global economy starting yesterday.
Climate Change Leading to Increasing Frequency of Extreme Weather Events
Hot Temperature Events Over Land
Once in 10-Yr. Event
Once in 50-Yr. Event
2 ° C 4 ° C Future global warming levels
2 ° C 4 ° C Future global warming levels
1850-1900 Present 1C 1.5 ° C
1850-1900 Present 1C 1.5 ° C
I used to say, when I was talking about climate change, that climate change is serious, certain, and soon. But this is no longer accurate. Now it is very serious, very certain, and now.
Heavy Precipitation Over Land Once in 10-Yr. Event
Agricultural/Ecological Droughts Once in 10-Yr. Event
- Linda O. Mearns, Ph.D. Senior Scientist, Research Applications Lab, National Center for Atmospheric Research (she/her)
2 ° C 4 ° C Future global warming levels
2 ° C 4 ° C Future global warming levels
1850-1900 Present 1C 1.5 ° C
1850-1900 Present 1C 1.5 ° C
Source: IPCC “Cimate Change 2021 = Physical Science Basis”
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