{"id":3169,"date":"2015-05-21T09:00:11","date_gmt":"2015-05-21T14:00:11","guid":{"rendered":"http:\/\/blogs.law.columbia.edu\/climatechange\/?p=3169"},"modified":"2015-05-18T14:48:19","modified_gmt":"2015-05-18T19:48:19","slug":"legal-tools-for-climate-adaptation-advocacy-securities-law","status":"publish","type":"post","link":"https:\/\/blogs.law.columbia.edu\/climatechange\/2015\/05\/21\/legal-tools-for-climate-adaptation-advocacy-securities-law\/","title":{"rendered":"Legal Tools for Climate Adaptation Advocacy: Securities Law"},"content":{"rendered":"<p><a href=\"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2013\/12\/gavel.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-2435\" src=\"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2013\/12\/gavel-300x199.jpg\" alt=\"gavel\" width=\"300\" height=\"199\" srcset=\"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2013\/12\/gavel-300x199.jpg 300w, https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2013\/12\/gavel.jpg 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Corporations today face increasing risks from climate change. These risks threaten not only the operations and infrastructure of the corporations, but ultimately their long-term financial soundness as well. For example, as has been noted with respect to the oil and gas industries, refineries often do not have high profit margins because most of the profits come from extraction. Therefore, refineries, which frequently are near the coasts and vulnerable to increasing sea levels and storms surges, could suffer material financial losses if their operations were disrupted. To prevent this physical infrastructure or operational damage, as well as the attendant financial losses, corporations need to adapt and implement measures to address these risks.<\/p>\n<p>Nina Hart\u00a0has written a\u00a0<a href=\"https:\/\/web.law.columbia.edu\/sites\/default\/files\/microsites\/climate-change\/adaptationhandbook_securitieslaw.pdf\">paper<\/a> focusing on how governments and investors can use financial disclosure as a tool to incentivize or pressure publicly traded companies to undertake climate change adaptation measures. The chapter explains why financial disclosure is a powerful tool, describes the relevant regulatory schemes, and outlines both regulatory or enforcement and market-based strategies for improving corporate responses to climate change.<\/p>\n<p>Nina Hart is a recent graduate of Columbia Law School.<\/p>\n<div style=\"margin-top: 5px; margin-bottom: 5px;\" class=\"sharethis-inline-share-buttons\" ><\/div>","protected":false},"excerpt":{"rendered":"<p>Corporations today face increasing risks from climate change. These risks threaten not only the operations and infrastructure of the corporations, but ultimately their long-term financial soundness as well. For example, as has been noted with respect to the oil and gas industries, refineries often do not have high profit margins because most of the profits [&hellip;]<\/p>\n","protected":false},"author":1434,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[5672,5532],"tags":[],"class_list":{"0":"post-3169","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-adaptation","7":"category-climate-disclosures","8":"czr-hentry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Legal Tools for Climate Adaptation Advocacy: Securities Law - Climate Law Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.law.columbia.edu\/climatechange\/2015\/05\/21\/legal-tools-for-climate-adaptation-advocacy-securities-law\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Legal Tools for Climate Adaptation Advocacy: Securities Law - Climate Law Blog\" \/>\n<meta property=\"og:description\" content=\"Corporations today face increasing risks from climate change. These risks threaten not only the operations and infrastructure of the corporations, but ultimately their long-term financial soundness as well. For example, as has been noted with respect to the oil and gas industries, refineries often do not have high profit margins because most of the profits [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blogs.law.columbia.edu\/climatechange\/2015\/05\/21\/legal-tools-for-climate-adaptation-advocacy-securities-law\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate Law Blog\" \/>\n<meta property=\"article:published_time\" content=\"2015-05-21T14:00:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blogs.law.columbia.edu\/climatechange\/files\/2013\/12\/gavel-300x199.jpg\" \/>\n<meta name=\"author\" content=\"Jennifer Klein\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@sabincenter\" \/>\n<meta name=\"twitter:site\" content=\"@sabincenter\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jennifer Klein\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2015\\\/05\\\/21\\\/legal-tools-for-climate-adaptation-advocacy-securities-law\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2015\\\/05\\\/21\\\/legal-tools-for-climate-adaptation-advocacy-securities-law\\\/\"},\"author\":{\"name\":\"Jennifer Klein\",\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#\\\/schema\\\/person\\\/feb003a23e39abcdba2d22ac5d5cf26f\"},\"headline\":\"Legal Tools for Climate Adaptation Advocacy: Securities Law\",\"datePublished\":\"2015-05-21T14:00:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2015\\\/05\\\/21\\\/legal-tools-for-climate-adaptation-advocacy-securities-law\\\/\"},\"wordCount\":192,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/2015\\\/05\\\/21\\\/legal-tools-for-climate-adaptation-advocacy-securities-law\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/blogs.law.columbia.edu\\\/climatechange\\\/files\\\/2013\\\/12\\\/gavel-300x199.jpg\",\"articleSection\":[\"Adaptation &amp; 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