(Btw, I'm just gonna get out a bunch of thoughts – no need to respond.) I'd never filed a resolution (or even voted! as a shareholder). This was all new to me. But since I was taking this action, I wanted to think about any levers to make Amazon care / do something.
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Emily Cunningham Retweeted Emily Cunningham
And yes, totally understand limitations of self reported stats and that investors do want companies to be "sustainable". ISS and Glass Lewis sided with us on our climate shareholder resolution:https://twitter.com/emahlee/status/1126931128105951233 …
Emily Cunningham added,
Emily Cunningham @emahlee
This is a BIG WIN for the 7,300 Amazon employees asking the company to adopt our climate plan shareholder resolution!
The two largest proxy advisors to institutional investors are siding with us!
It's time for Amazon to stand with employees... and now its investors! https://twitter.com/AMZNforClimate/status/1126922811975409664 …1 reply 0 retweets 0 likes -
Emily Cunningham Retweeted Emily Cunningham
In this thread I talked about (among other things), climate "stress tests" and how they're being used in Europe. This helps give investors a window into how vulnerable they are.https://twitter.com/emahlee/status/1119708505596780545 …
Emily Cunningham added,
Emily Cunningham @emahleeIn Europe, climate stress tests mostly dive into holdings and assets. Ex: "If there were to be a sudden adjustment—a carbon bubble—would you still be a solvent bank if all fossil fuel companies lost 40% of their value?" But Amazon shareholders need more stresses tested. 27/Show this thread1 reply 1 retweet 0 likes -
Emily Cunningham Retweeted Emily Cunningham
The main thesis in that thread is: "climate is a fundamental, strategic driver of Amazon's risks and opportunities." But the same is true of virtually every business right now. Yet, *crickets.* No one is talking about this.https://twitter.com/emahlee/status/1119687615605645312 …
Emily Cunningham added,
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Emily Cunningham Retweeted Alex Steffen
My guess why: it is almost incomprehensible how much climate will disrupt every aspect of our society, including finance/ economy. Ironically, certain parts of the financial world *are* paying a lot of attention because they know it will hurt profits.https://twitter.com/AlexSteffen/status/1154489654000795649 …
Emily Cunningham added,
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Emily Cunningham Retweeted Emily Cunningham
Emily Cunningham added,
Emily Cunningham @emahleeOn the climate crisis, 42 central banks said a major challenge was... "appropriately accounting for historically unprecedented risk and uncertainty and examining the possibility of major, irreversible changes" Yup. https://twitter.com/AlexSteffen/status/1154487126236381184 …1 reply 0 retweets 0 likes -
Emily Cunningham Retweeted Emily Cunningham
Another example of climate being a fundamental driver of risks and opportunities. Damn. GE fucked this one up.https://twitter.com/emahlee/status/1140552712360099841 …
Emily Cunningham added,
Emily Cunningham @emahleeGE lost billions by 'misjudging' renewables: report "GE lost a 'simply staggering' $193 billion in just three years to 2018 -- amounting to almost three quarters of its market capitalisation." h/t @chickamade https://news.yahoo.com/ge-lost-billions-misjudging-renewables-report-114015514.html …Show this thread1 reply 0 retweets 0 likes -
We don't yet have a way to estimate the price of a US city (think Miami) being lost to climate change. HUGE.
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All this going on. It boggles my mind, completely bewilders me that more finance people aren't seriously grappling with climate & what it will mean for the economy, now and long term. Large-scale, HUGE change is coming one way or another. Given the science, how could it not be?
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Emily Cunningham Retweeted Dr. Elizabeth Sawin
I'll pause for now. What I'm hungry for is to listen and learn from more and more people who can offer thinking and perspective on the convergence of finance/economy/climate. I feel this tweet from
@bethsawin so hard
Thanks for "listening". :)https://twitter.com/bethsawin/status/1162348600963284993 …Emily Cunningham added,
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Emily Cunningham Retweeted Emily Cunningham
PS this is what I mean re climate being a fundamental driver of risks and opportunities for virtually every biz: "If some companies and industries fail to adjust to this new world, they will fail to exist." ~ statement from central bankershttps://twitter.com/emahlee/status/1137152397925539840 …
Emily Cunningham added,
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Ok, I've been diving into and learning more about fossil fuel demand peaking in the early 2020s (watched videos and read a lot over at
@CarbonBubble). It's a lot. So much to unpack. So many big consequences.. geopolitically, and a lot of investments at risk.1 reply 0 retweets 0 likes -
Emily Cunningham Retweeted Emily Cunningham
"The major oil & gas companies are incredibly exposed to the transition, and.. they risk destroying a lot of value [which] sits in...our investments. What’s exciting in recent years is that central banks have started to understand this." More here:https://twitter.com/emahlee/status/1163227651005304832 …
Emily Cunningham added,
Emily Cunningham @emahleeExcited by everything I'm learning from@CarbonBubble. Financial markets are waking up to the reality: renewable energy is the cheaper, more efficient option. In other words– the future. Fossil fuels will peak in the 2020s. Listen to@arhobley explain why: https://www.carbontracker.org/tools-and-insights/why-are-financial-markets-are-important-for-the-low-carbon-transition/ …Show this thread1 reply 0 retweets 0 likes - 3 more replies
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