Former Federal Reserve Governor & former Deputy Treasury Secretary Sarah Bloom Raskin sees 'a reimagined capitalism,' she tells a green finance conference. Here's why & why it matters. ESG
Since 1980, according to the National Oceanic and Atmospheric Administration, NOAA, there have been 332 weather and climate disasters that caused at least $1 billion in damage – each – at a total cost of over. Over the past five years, there were 89 of them, killing 4,557 people, which is an increase in frequency over previous years.
The Securities and Exchange Commission affirmed this stance by issuing its proposed climate disclosure rules in March 2022. SEC Chair Gary Gensler insaid, “Today, investors representing literally tens of trillions of dollars support climate-related disclosures because they recognize that climate risks can pose significant financial risks to companies, and investors need reliable information about climate risks to make informed investment decisions.
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