Advisory - California Insurance Commissioner joins global partners to share new financial risk tool
SACRAMENTO, Calif. —Commissioner Dave Jones will participate in a webinar with the Principles for Responsible Investment and 2 Degrees Investing Initiative to demonstrate the new Paris Agreement Capital Transition Assessment (PACTA) tool. The PACTA tool calculates investors’ climate related risk across different sectors and offers a way to compare investor exposure level under the carbon goals of the Paris Agreement.
The department engaged with 2 Degrees Investing Initiative earlier this year to perform a forward looking scenario analysis of insurer investments, with particular concern on thermal coal investments which remain a serious long-term risk despite recent short-term fluctuations.
WHO: California Insurance Commissioner Dave Jones
Jakob Thoma, Managing Director, 2 Degrees Investing Initiative
Ed Baker, Senior Policy Advisor PRI
WHEN: Monday October 8, 2018
8 a.m. PST
WHERE: CDI Sacramento, Suite 1700
300 Capitol Mall
Sacramento, CA 95814
Members of the public and media may register for the webinar here.
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