Climate Change and Sustainability Resources
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Climate Change and Sustainability Resources

Welcome to the resource page on climate change and sustainability.

Part of the Institute's role is to raise awareness of climate change and environmental sustainability with members and the public.

This page will help deliver information on climate change and links to a variety of resources, research and interesting reading.

Canadian Organizations

Canadian Organizations​

  1. Chartered Professional Accountants Canada—Climate Change Briefing
  2. Commissioner of the Environment and Sustainable Development—2014 Fall Report
    • “Despite some initiatives and progress in certain areas, there remain many unanswered questions,” said [Commissioner] Julie Gelfand. “In many key areas that we looked at, it is not clear how the government intends to address the significant environmental challenges that future growth and development will likely bring about.”
  3. Canada's Ecofiscal Commission
  4. Government of Canada—Canada in a Changing Climate: Sector Perspectives on Impacts and Adaptation

    Financial risks:
    • “Losses from severe weather have been rising across the country. Extreme events, including storms (wind, ice and snow), flooding and heat waves have had significant economic and health and safety impacts on Canadians. In 2011, the Canadian insurance industry paid out a record $1.7 billion for property damage associated with weather events, such as flooding, wind and wildfires. This record will be broken in 2013, as the insured losses from flooding damage in Southern Alberta (June) and Toronto (July) are finalized.”
    Health risks:
    • “Climate change will bring increased risks to health from extreme weather and other climate-related events such as floods, drought, forest fires and heat waves.
    • Air quality is already a serious public health issue in a number of Canadian communities and is likely to be impacted by increased smog formation, wildfires, pollen production and greater emissions of air contaminants due to changed personal behaviours.
    • Climate change is likely to increase risks associated with some infectious diseases across the country, and may result in the emergence of diseases that are currently thought to be rare in or exotic to Canada”.
  5. Ouranos
    • Ouranos was created in 2001 as a joint initiative by the Québec government, Hydro-Québec, and Environment Canada, with the financial support of Valorisation-Recherche-Québec.

    • Ouranos’ mission is to acquire and develop knowledge on climate change, its impact, and related socio-economic and environmental vulnerabilities, in order to inform decision makers about probable climate trends and advise them on identifying, assessing, promoting, and implementing local and regional adaptation strategies.
International Organizations

International Organizations

  1. Ceres—Insurer Climate Risk Disclosure Survey: 2014 Findings & Recommendations

  2. The Geneva Association—Leading Insurance CEOs Confirm Geneva Association Climate Risk Statement
    • “66 Chief Executives of the world’s leading insurers have confirmed their commitment to The Geneva Association’s Climate Risk Statement—a set of guiding principles on the substantial role insurance can play in global efforts to tackle climate-related risks.”
  3. Global Investor Coalition on Climate Change—Investor Statements on Climate Change
    “As institutional investors and consistent with our fiduciary duty to our beneficiaries, we will:
    • Work with policy makers to support and inform their efforts to develop and implement policy measures that encourage capital deployment at scale to finance the transition to a low carbon economy and encourage investment in climate change adaptation.
    • Identify and evaluate low carbon investment opportunities that meet our investment criteria and consider investment vehicles that invest in low carbon assets subject to our risk and return objectives.
    • Develop our capacity to assess the risks and opportunities presented by climate change and climate policy to our investment portfolios, and integrate, where appropriate, this information into our investment decisions.
    • Work with the companies in which we invest to ensure that they are minimising and disclosing the risks and maximising the opportunities presented by climate change and climate policy.
    • Continue to report on the actions we have taken and the progress we have made in addressing climate risk and investing in areas such as renewable energy, energy efficiency and climate change adaptation.”
  4. Intergovernmental Panel on Climate Change—IPCC Fifth Assessment Report: Climate Change 2013 (AR5)

  5. International Monetary Fund (IMF)
  6. United Nations Environment Program Finance Initiative (UNEP FI)—Climate Change: Implications for Investors and Financial Institutions
    • “Investors and financial institutions are, and will continue to be, exposed to downside risks as a result of climate change. The risks include: macroeconomic impacts such as the expected reduction in productivity and economic growth in many developing countries, direct physical impacts of climate change such as flood and storm risks to coastal population centres, and the impacts of policy measures directed at reducing GHG emissions from electricity generation, large industrial sources, transport and other economic sectors.
    • The investment consequences may include dramatic reductions in the value of particular assets, such as conventional coal-fired power stations that are no longer permitted to operate because of constraints on their GHG emissions. There will be indirect and knock-on effects of climate change, such as the threat to social stability posed by high and volatile food prices resulting from changes in agricultural patterns.
    • Climate change also presents opportunities for investors and financial institutions. Policy measures directed at reducing GHG emissions are likely to increase opportunities for investment in areas such as renewable energy and energy efficiency, and in companies with expertise in areas such as flood prevention or flood response.”
    • 2013 Global Insurance Industry Statement
      • “We have come together as leaders in global risk management to issue a collective call to action to proactively address climate threats and build societal resilience.”
      • “The insurance initiatives represented in this statement have a combined membership that includes more than 100 of the world’s leading insurers across Africa, Asia, Europe, North and South America, and Oceania:
           ClimateWise
           The Munich Climate Insurance Initiative
           UNEP FI.”
    • The PSI Global Resilience Project: Building disaster-resilient communities and economies—Part one of a research series by the UNEP FI Principles for Sustainable Insurance (PSI) Initiative
      • “As of June 2014, 70 organisations have adopted the Principles, including insurers representing approximately 15% of world premium volume and USD 8 trillion in assets under management.”
      • Ban Ki-moon, United Nations Secretary General: “The Principles for Sustainable Insurance provide a global roadmap to develop and expand the innovative risk management and insurance solutions that we need to promote renewable energy, clean water, food security, sustainable cities and disaster-resilient communities.”
  7. World Economic Forum—Global Risks 2014
    Global risks of highest concern include:
    • Water crises;
    • Failure of climate change mitigation and adaptation;
    • Greater incidence of extreme weather events (e.g., floods, storms, fires); and
    • Food crises.
  8. World Health Organization—Quantitative risk assessment of the effects of climate change on selected causes of death, 2030s and 2050s
    • “Overall, climate change is projected to have substantial adverse impacts on future mortality, even considering only a subset of the expected health effects, under optimistic scenarios of future socioeconomic development and with adaptation.”
    • However, “a main limitation of this assessment is the inability of current models to account for major pathways of potential health impact, such as the effects of economic damage, major heatwave events, river flooding and water scarcity.”
Other Actuarial Organizations

Other Actuarial Organizations

  1. Canadian Institute of Actuaries
  2. Casualty Actuarial Society
  3. Institute and Faculty of Actuaries
  4. Institute of Actuaries of Australia
  5. International Actuarial Association
  6. Society of Actuaries
Webcasts

Webcasts

  1. CIA Webcast (September 2013): The World Economic Forum's Global Risks Report 2013

  2. SOA ERM Symposium (October 2014): Environmental Risk Management–Incentives and Implications
    • "During this session panelists will explore environmental challenges, changing resources, new regulations, clean technology and legal and litigation environments, as well as evaluate incentives and implications. Environmental risk factors will be analyzed with associated markets, insurance and social mechanisms."