Climate Financial Reform
We are holding insurance giants, big banks, and other companies that enable climate change accountable when they risk our financial well-being.
In addition to being an environmental and public health threat, climate change can put all of us at financial risk.
For example:
- Investors could suffer meaningful losses to their reitrement savings and other investments if their portfolios are exposed to climate change risks created by insurance giants, big banks, and other companies.
- Consumers could lose access to financial products and services, such as mortgages and homeowners insurance, in geographic areas hit by climate change-related natural disasters.
- There could be economic fallout due to systemic shocks.
U.S. PIRG is educating consumers about the financial risks posed by climate change, and we are holding companies that enable it accountable when they risk our financial well-being.
DC to Travelers: Stop Insuring Climate Risks
Fact sheet: How Chubb, The Hartford, and Travelers put consumers at financial risk
Accountability for Investors
Letter to the Fed calling for climate principles
Letter: Consumer advocates urge DOE to align its gas export policy with the public interest
Letter: Nearly 80 groups request meeting with Treasury Department, detail financial risks of climate change
U.S. PIRG’s comment on Federal Insurance Office (FIO) climate-related data collection plan
Topics
Authors
Mike Litt
Director, Consumer Campaign, PIRG
Mike directs U.S. PIRG’s national campaign to protect consumers on Wall Street and in the financial marketplace by defending the Consumer Financial Protection Bureau, and works for stronger privacy protections and corporate accountability in the wake of the Equifax data breach. Mike lives in Washington, D.C.
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