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The green bond market in Latin America and the Caribbean (LAC) experienced a strong recovery in 2019, driven largely by Chile's first sovereign green bonds. While Brazil, Chile, and Mexico dominate the regional volume, the market is characterized by a high prevalence of US dollar-denominated debt and a significant reliance on private placements. Energy remains the most funded sector, though LAC shows a uniquely high allocation toward land use and industry compared to global trends. The report highlights substantial untapped potential in sustainable agriculture and the 'blue economy' (ocean resources), suggesting that sovereign issuance and multilateral development bank support are key to scaling these markets.

The Sustainable Asset Valuation (SAVi) tool by the International Institute for Sustainable Development (IISD) integrates system dynamics simulation with project finance models to value risks and externalities typically ignored in traditional financial assessments. It applies to asset types including energy, roads, buildings, irrigation, sewerage treatment, and nature-based infrastructure. The tool aims to support the goals of the Paris Agreement and UN Sustainable Development Goals by optimizing value for money across an asset's life cycle. Case studies demonstrate its application in valuing climate-risk-related road disruptions in Morocco, the economic gains of wetland conservation in India, and the internal rate of return for wind energy in Senegal.

The report establishes a framework for nature-related risk (NRR), defining it as the result of changes in a business's dependencies on or impacts on nature that become threats due to the company's exposure and vulnerability. It identifies five primary risk types: physical, regulatory & legal, market, reputational, and financial. Through a review of over 70 sources, the report highlights that sectors such as food and beverage, metals and mining, and oil and gas face the highest risks. Case studies of BP, Vale, PG&E, and German exporters illustrate how these risks materialize into multi-billion dollar liabilities, bankruptcy, or lost revenue.

The report documents an upward trend in American concern about global warming, with 73% believing it is happening and 69% feeling at least somewhat worried. While 62% recognize it as mostly human-caused and 57% acknowledge scientific consensus, only 20% understand that over 90% of climate scientists agree on human-caused warming. Personal experience of effects has risen to 46%, and 48% believe people in the U.S. are being harmed 'right now'. Despite these trends, fewer than half of Americans perceive social norms encouraging action, and 59% rarely or never discuss the issue with family and friends.

CIEL supports the New York Attorney General's lawsuit against ExxonMobil, asserting that the company misled investors about the financial and regulatory risks climate change poses to its assets and operations. The statement highlights that the lawsuit, based on three years of investigation, implicates high-level executives, including former CEO Rex Tillerson, and signals an increase in climate-related litigation against fossil fuel companies.

The document highlights the high climate risk in Southeast Asia and specifically Northern Thailand, where agricultural productivity is threatened by temperature shifts and precipitation changes. It argues that vulnerability is disproportionately higher for specific groups, including women and girls, and seeks to fill a research gap regarding how age, gender, poverty, and ethnicity intersect to shape the climate challenges faced by young women and girls in this region.

The briefing highlights the dual role of the mining industry in the energy transition, noting its necessity in providing raw materials for low-carbon technologies while remaining a significant source of global emissions. It advocates for the adoption of science-based targets, the use of the Task Force on Climate-related Financial Disclosures (TCFD) framework, and the cocreation of a comprehensive decarbonization pathway to mitigate physical and financial climate risks.

ClientEarth warns the Aviva Staff Pension Scheme trustees that treating climate change as a general ESG issue rather than a specific material financial risk may expose them to legal challenges for breach of fiduciary duty. The letter outlines the financial risks of high-carbon assets, the opportunities in the low-carbon transition, and emerging market standards among OECD asset owners. It provides a detailed set of recommended actions, including reallocating capital away from coal and risky fossil fuels, adopting TCFD-aligned reporting, and implementing active stewardship policies to ensure the long-term security of members' retirement outcomes.

ClientEarth warns the BAE Systems Main Scheme trustees that ignoring climate risk could lead to legal challenges for breach of fiduciary duty. The letter outlines material financial risks associated with fossil fuels, the opportunities of a low-carbon transition, and emerging market standards among OECD asset owners. It provides a detailed set of recommended actions, including reallocating capital away from coal and high-risk fossil fuels, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

ClientEarth warns the BP Pension Fund trustees that ignoring climate-related financial risks may constitute a breach of fiduciary duty and jeopardize member retirement outcomes. The letter outlines material risks associated with fossil fuel assets, highlights emerging market standards for climate-aware investing among OECD asset owners, and provides a detailed set of recommended actions for the fund to safeguard its assets and align with the Paris Agreement.

ClientEarth warns the Electricity Supply Pension Scheme trustees that failing to manage climate-related financial risks may constitute a breach of fiduciary duty. The letter highlights that many of the scheme's group trustees currently lack explicit climate policies, often delegating ESG considerations to managers without formal determination of risk. ClientEarth provides evidence that fossil fuel assets, particularly coal, are highly exposed to transition and physical risks, while low-carbon indices have shown competitive or superior returns. It further notes a growing market standard among OECD asset owners toward divestment and robust climate governance. The document concludes with a detailed set of recommended actions, including reallocating capital away from coal and risky fossil fuels, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

ClientEarth warns the Ford Pension Fund trustees that failing to consider climate change as a material financial risk may constitute a breach of fiduciary duty. The letter outlines the financial risks of fossil fuel assets, the opportunities in low-carbon investments, and emerging market standards among OECD asset owners. It concludes with a detailed set of recommended actions, including asset reallocation away from coal and the adoption of TCFD-aligned reporting.

ClientEarth argues that the Lloyds Bank Pension Scheme trustees may be failing their fiduciary duties by not sufficiently addressing climate risk. The letter outlines the material financial risks of climate change, particularly for fossil fuel assets, and the opportunities in the low-carbon transition. It provides a framework for action, including reallocating assets away from coal and high-carbon sectors, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

ClientEarth warns the Mineworkers’ Pension Scheme trustees that failing to address climate-related financial risks may constitute a breach of fiduciary duty. The letter outlines the material risks associated with fossil fuel assets, the opportunities in the low-carbon transition, and emerging market standards for asset owners. It provides a detailed set of recommended actions, including reallocating capital away from coal and high-carbon assets, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

ClientEarth warns the National Grid UK Pension Scheme trustees that treating climate risk merely as part of general ESG issues may be insufficient to meet their legal obligations. The letter outlines material financial risks associated with fossil fuels, the potential for returns from low-carbon investments, and emerging market standards for asset owners. It concludes with a set of recommended actions, including reallocating capital away from coal and high-carbon assets, adopting TCFD-aligned reporting, and pursuing active stewardship of portfolio companies.

The document argues that climate change represents a material financial risk that pension trustees must consider to fulfill their legal duty to act in the best interests of members. It highlights the vulnerability of fossil fuel assets, the potential for low-carbon investment returns, and emerging market standards among OECD asset owners. ClientEarth provides a detailed framework for the scheme to evaluate risk, reallocate assets away from coal and high-risk fossil fuels, and implement active stewardship and TCFD-aligned reporting.

ClientEarth warns the Rolls-Royce Pension Scheme trustees that treating climate risk merely as a general ESG issue may expose them to legal challenges for breach of fiduciary duty. The letter asserts that climate change is a material financial risk, particularly for fossil fuel assets, and that transitioning to low-carbon investments can protect portfolios without sacrificing returns. It provides a detailed framework for action, including reallocating capital away from coal and high-risk fossil fuels, adopting TCFD-aligned reporting, and implementing active stewardship policies to ensure portfolio companies align with the Paris Agreement.

ClientEarth warns the Shell Contributory Pension Fund trustees that failing to strategically manage climate risk may breach their fiduciary duty to act in the best interests of members. The letter asserts that climate change is a material investment risk and provides evidence that fossil fuel assets, particularly coal, are highly exposed to financial losses. It highlights emerging market standards among OECD asset owners, including the use of TCFD frameworks and divestment policies. ClientEarth recommends specific actions: evaluating physical and transitional risks, reallocating capital away from coal and risky fossil fuels, and pursuing active stewardship to align portfolio companies with the Paris Agreement.

ClientEarth argues that the Tesco Pension Scheme trustees may be breaching their fiduciary duties by failing to identify and mitigate specific climate change risks. The letter asserts that climate risk is a material financial risk and provides evidence that fossil fuel assets, particularly coal, are highly exposed to losses. It further claims that low-carbon investing does not compromise returns and that market standards are shifting toward robust climate governance and divestment. ClientEarth recommends a series of actions, including reallocating capital away from coal and risky fossil fuels, adopting TCFD-aligned reporting, and implementing active stewardship policies to ensure portfolio resilience.

The Coca-Cola Company partnered with BSR to move beyond greenhouse gas mitigation and develop a framework for climate resilience across its complex global value chain. By analyzing seven proxy markets (Argentina, Brazil, China, India, Kenya, Mexico, and the United States) and two commodities (coffee and tea), the partnership identified climate hazards and underlying vulnerabilities, such as insufficient infrastructure and food insecurity. The resulting framework integrates resilience into the company's existing risk management and sustainability systems to help the company anticipate and recover from climate shocks.