{"id":31636,"date":"2023-11-29T11:41:31","date_gmt":"2023-11-29T11:41:31","guid":{"rendered":"https:\/\/wordpress-881230-3801000.cloudwaysapps.com\/?p=31636"},"modified":"2023-12-01T20:29:01","modified_gmt":"2023-12-01T20:29:01","slug":"esg-and-financial-risks","status":"publish","type":"post","link":"https:\/\/esgexplainer.org\/esg-and-financial-risks\/","title":{"rendered":"ESG and financial risks"},"content":{"rendered":"\n

Efforts by Oklahoma\u2019s state treasurer to boycott large banks and asset management companies<\/a> with environmental, social and governmental (ESG) policies could cost state taxpayers tens of millions of dollars<\/a>, Oklahoma’s largest public employee association says – The Oklahoman, Oct. 31, 2023<\/em><\/p>\n\n\n\n

As climate change intensifies extreme weather, insured losses from natural disasters in the U.S. now routinely approach $100 billion<\/a> a year, compared to $4.6 billion<\/a> in 2000. As homeowners\u2019 premiums spike<\/a>, people in the states most likely to have disasters \u2014 like Texas and Florida \u2014 are forgoing coverage, leaving them vulnerable and driving prices even higher<\/a> as the number of people paying premiums and sharing risk shrinks. \u2013 Grist, Oct. 10, 2023<\/em><\/p>\n\n\n\n

Florida homeowners pay more than $4,200 per year for home insurance, triple the national average<\/a>, according to data from the Insurance Information Institute. The costs are expected to continue rising due to extreme weather events, construction costs, and litigation. \u2013 Newsweek, Oct. 14, 2023<\/em><\/p>\n\n\n\n

As two coastal homes faced perilous collapse, the National Park Service pushed for an unusual move: a buyout by the U.S. government. The purchases could break ground on a new chapter over what to do with coastal homes, which are becoming increasingly vulnerable amid rising seas, more intense storms and coastal erosion<\/a>. \u2013 Washington Post, Oct. 16, 2023<\/em><\/p>\n\n\n\n

The <\/a>impact of climate change is putting an additional financial burden on those with the fewest resources to manage financial and life stressors<\/a> \u2013 creating implications for worker productivity, employers\u2019 bottom lines, and employees\u2019 financial security, according to a new report from the national financial nonprofit Commonwealth. \u2013 Commonwealth, Oct. 11, 2023<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Efforts by Oklahoma\u2019s state treasurer to boycott large banks and asset management companies with environmental, social and governmental (ESG) policies could cost state taxpayers tens of millions of dollars, Oklahoma’s largest public employee association says – The Oklahoman, Oct. 31, 2023<\/p>\n<\/div>","protected":false},"author":1,"featured_media":32073,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","slim_seo":[],"footnotes":""},"categories":[3],"tags":[102],"class_list":["post-31636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news","tag-latest-on-esg"],"uagb_featured_image_src":{"full":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks.jpg",1200,675,false],"thumbnail":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks-150x150.jpg",150,150,true],"medium":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks-300x169.jpg",300,169,true],"medium_large":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks-768x432.jpg",750,422,true],"large":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks-1024x576.jpg",750,422,true],"1536x1536":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks.jpg",1200,675,false],"2048x2048":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks.jpg",1200,675,false],"knowbase_single":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks-790x450.jpg",790,450,true],"knowbase_blog":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks-310x310.jpg",310,310,true],"knowbase_tabs":["https:\/\/esgexplainer.org\/wp-content\/uploads\/2023\/01\/esg-and-financial-risks-90x90.jpg",90,90,true]},"uagb_author_info":{"display_name":"Americas","author_link":"https:\/\/esgexplainer.org\/author\/americas\/"},"uagb_comment_info":0,"uagb_excerpt":"Efforts by Oklahoma\u2019s state treasurer to boycott large banks and asset management companies with environmental, social and governmental (ESG) policies could cost state taxpayers tens of millions of dollars, Oklahoma's largest public employee association says - The Oklahoman, Oct. 31, 2023","_links":{"self":[{"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/posts\/31636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/comments?post=31636"}],"version-history":[{"count":9,"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/posts\/31636\/revisions"}],"predecessor-version":[{"id":32381,"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/posts\/31636\/revisions\/32381"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/media\/32073"}],"wp:attachment":[{"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/media?parent=31636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/categories?post=31636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/esgexplainer.org\/wp-json\/wp\/v2\/tags?post=31636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}