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CA Department of Insurance
CA Department of Insurance
CA Department of Insurance

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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