The climate crisis poses *significant* financial risks to Amazon. And not just in the usual ways one expects, like disruptions to business operations.
What and how big are these risks? Investors need transparency on Amazon's risk assessment and management plans.
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The moral reason for climate action has deeply resonated with Amazon employees. Over 6,700 Amazon employees have *publicly* signed their name to our open letter asking for bold, immediate climate leadership. 2/https://medium.com/@amazonemployeesclimatejustice/public-letter-to-jeff-bezos-and-the-amazon-board-of-directors-82a8405f5e38 …
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Emily Cunningham Retweeted Emily Cunningham
Yet, money talks. Financial risk talks. I've tried taking some stabs at the financial reasons for climate action and risks to investors the climate crisis poses, but it's been harder to wrap my head around. 3/https://twitter.com/emahlee/status/1074477020543778816 …
Emily Cunningham added,
Emily Cunningham @emahleeFrom a purely cynical, self-interested standpoint, Amazon would benefit from a climate plan: "There could be $23 trillion of global economic losses a year in the long term without rapid action." 11/x https://www.theguardian.com/environment/2018/dec/10/tackle-climate-or-face-financial-crash-say-worlds-biggest-investors …Show this thread2 replies 3 retweets 18 likesShow this thread -
Replying to @emahlee
I've written an article proposing that financial statements need to properly reflect climate costs & risks. Existing accounting principles cover this, but we need accountants & investors to demand more accurate & transparent accounting & reporting of climate costs.
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Can you please share a link to the article?
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