Bork Business 1 – Let’s talk risk

Bork Biz is your regular look at the world of business and work but not as you know it.

Coal power plant
Spanish reduction in coal use saves €952m in health costs

Falling use of the fossil fuel over 2015 and 2016 led to a 40.5% decrease in associated health impacts

Flooding
Annual investment of £1bn ‘needed to protect UK from floods’

An average annual investment of £1 billion will be necessary up to 2065 to protect properties and infrastructure in England from increasing flood damage.

Cyber-security
Energy firms ‘avoiding greater connectivity due to cyber threats’

Three-quarters of energy industry stakeholders said such dangers were proving a barrier to adoption

Government won’t make climate-related financial disclosures mandatory

Ministers have refused to listen to the recommendation made by the Environmental Audit Committee

‘Noise may mean air pollution risks are overstated’

A new study suggests the supposed dangers of noise pollution and harmful emissions may be conflated

Eleven major industries ‘highly exposed to climate risks’

Financial services firm Moody’s says these sectors have a combined $2.2tn of debt

New legislation means pension funds must assess climate risks

The UK Government will require trustees to be able to explain investment decisions by the 1st of October 2019

FCA says it will highlight need to make sustainable investments

The organisation has responded to a report from the EAC on how to embed sustainability in financial decision making

Government sets out updated climate strategy

The new plan studies the risks affecting communities across England, as well as how they are being addressed