Disclosure of climate risk information by the world’s largest companies

The risks related to global climate change are seen as threats to companies, taking into consideration their impact on the return on investment. In order to mitigate climate risk and introduce new opportunities to financiers, companies need to identify, manage, and report climate risks. The purpose of this paper is to investigate the climate risks disclosed by the 100 largest companies in the world, according to the Bloomberg and Price Waterhouse Coopers (PwC 2015) classification, and identify some characteristics of these companies that explain the disclosure level of such information. Preliminary results revealed that of the companies investigated, 14% did not disclose any climate risk information in the Carbon Disclosure Program (CDP) report. Also, from the companies that disclosed information according to the Global Reporting Initiative (GRI), 9.9% did not provide information regarding policies, actions, and strategies for mitigating the risks related to climate change. The results shown by the content analysis suggested that, in general, there is still a low level of disclosure about climate risks by these companies. The final results through econometric instruments and statistical tests indicate that the size of the company or the fact that corporations are from developed countries do not necessarily explain the level of information disclosed. However, the activity sector, the continent, and the efficiency of the Board of Directors are factors that strongly explain the level of climate risk disclosure. We conclude that more effort is needed to encourage an engaging attitude from corporations to develop actions, policies, and strategies to mitigate climate change risks and threats. In addition, the world’s largest companies should make a greater investment in climate risk disclosure.     

The Effects of Irrigation and Climate on the High Plains Aquifer: A County‐Level Econometric Analysis

The High Plains Aquifer (HPA) underlies parts of eight states and 208 counties in the central area of the United States (U.S.). This region produces more than 9% of U.S. crops sales and relies on the aquifer for irrigation. However, these withdrawals have diminished the stock of water in the aquifer. In this paper, we investigate the aggregate county‐level effect on the HPA of groundwater withdrawal for irrigation, of climate variables, and of energy price changes. We merge economic theory and hydrological characteristics to jointly estimate equations describing irrigation behavior and a generalized water balance equation for the HPA. Our simple water balance model predicts, at average values for irrigation and precipitation, an HPA‐wide average decrease in the groundwater table of 0.47 feet per year, compared to 0.48 feet per year observed on average across the HPA during this 1985–2005 period. The observed distribution and predicted change across counties is in the (?3.22, 1.59) and (?2.24, 0.60) feet per year range, respectively. The estimated impact of irrigation is to decrease the water table by an average of 1.24 feet per year, whereas rainfall recharges the level by an average of 0.76 feet per year. Relative to the past several decades, if groundwater use is unconstrained, groundwater depletion would increase 50% in a scenario where precipitation falls by 25% and the number of degree days above 36°C doubles. Editor’s note : This paper is part of the featured series on Optimizing Ogallala Aquifer Water Use to Sustain Food Systems. See the February 2019 issue for the introduction and background to the series.     

Winners and Losers in a World with Global Warming: Noncooperation, Altruism, and Social Welfare

In this paper, global warming is an asymmetric transboundary externality which benefits some countries or regions and harms others. We use a simple two-country model to analyze the effects of global warming on resource allocations, the global-warming stock, and national and global welfare.     

The relevance of James Lovelock’s research and philosophy to environmental science and academia

James E. Lovelock, famed for his Gaia hypothesis, which views the Earth as a living integrated and interconnected self-regulating system whose equilibrium comes about from complex energy-based interactions and feedback loops, ultimately sustaining life, passed away at the end of July, 2022 at the age of 103. Not only are the adaptive mechanisms of Gaia central to the conversation of environmental homeostasis, they lie at the heart of climate change and global warming. Lovelock is also remembered as the co-inventor of the electron capture detector that eventually allowed for the sensitive detection of chlorofluorocarbons and pesticides. Finally, Lovelock’s free-spirited nature and research independence allow academia to rethink current research’s modus operandi.     

Vertical growth in a coastal city: an analysis of Boa Viagem (Recife,Brazil)

Coastal zones around the world have experienced urban growth in the last 50 years. This landscape change brings new aspects for those zones and the environment. Real estate speculation is a decisive factor that changes landscape, with urban growth that occurs both in the extent and volume of construction. Boa Viagem (BV) beach at Recife, Northeast Brazil was just a sand bar covered by an Atlantic Forest until middle of the 1800s. Today, it has turned into a busy area of the city where residences, services and commerce co-exist in a densely packed arrangement. This work demonstrates and analyses vertical growth in BV and urban changes from 1961 to 2011. It was developed using digital image processing and visual analysis of satellite imagery and aerial photos. A GIS was created using SPRING and ArcScene, to calculate variations in area and volume creating a Volumetric Index (VI). The Minimal Mapping Area was used in sixteen census tract as samples of the area. Occupation and vertical growth were especially accentuated from 1981 to 1996 with the peak at 2011. Increases in vertical growth from shore to inland are evident in all parts of the district. This finding was confirmed by three-dimensional GIS representations of the study area and the VI during the period of this work, showing the potential of 3D GIS models for studying dense urbanization areas in coastal zones.     

Alterations in some renal parameters of rats induced by aqueous soil extracts

Soil ingestion can be an important route of exposure to contaminants present in the environment. This study examined the effects of exposure to contaminants in aqueous soil extracts from an industrial urban settlement in renal biochemical parameters of treated rats. Male Wistar rats were gavaged with an aqueous soil extract, from the municipality of Rio Grande, Southern Brazil. After exposure, plasma and urine concentrations and plasma protein were assessed compared to rats treated with aqueous soil from relatively unpolluted site (control soil). There was increase in plasma creatinine and total protein in urine, and a decreased glomerular filtration rate in treated rats compared to control. It is possible that Cd, Cr, As, Cu, Pb, Zn, and Ni analyzed in the soil samples and unidentified components may have provoked the observed changes in renal biochemistry of the exposed rat. This may suggest that exposure to contaminated soils can cause damage to the viscera in mammals and it is of public health importance.     

Preliminary toxicity evaluation of water from rice fields using cost‐effective microbiotests

A study was performed in a Protected Area (Natural Reserve of Sado Estuary) in 1996, to evaluate the acute toxicity for aquatic life of surface water from rice fields treated with pesticides, particularly with molinate and quinclorac. As a preliminary assessment, the following rapid toxicity tests were used: “Rotoxkit F”;, “Thamnotoxkit F”; and the recently introduced “Daphtoxkit F magna”; and “Algaltoxkit F”;. Water samples were collected from: a water source for irrigating the rice fields, two rice plots, a drainage channel and from Sado river in which the water is discharged. The results showed that samples from the rice plot treated with molinate were more toxic than those obtained from rice plot treated with quinclorac. Water samples from the river were the most toxic, causing 100% of immobility in all organisms and a substantial inhibition in the algal growth. Water collected from the drainage channel in late July, was also found to be quite toxic. The results obtained until now indicate that some characteristics of these microbiotests, like their rapidity, simplicity and relatively low cost, make them a practical tool to evaluate acute effects of pesticides in freshwater ecosystems. They may also contribute to suggest some changes in pesticides use to promote agricultural practices with lower impact to aquatic life.     

Variable within-brood maternal provisioning in newly extruded embryos of Homarus gammarus

Offspring quality of decapod crustaceans has been widely studied, with special emphasis on the sources of variability determining embryonic and larval quality. Nevertheless, maternal provisioning has commonly been overlooked as a potential source of offspring within-brood variability. In the present study, the existence of variable maternal provisioning was assessed through the analysis of the fatty acid (FA) profile of newly extruded embryos from different regions of the brooding chamber of Homarus gammarus. Significant differences in the FA profile of embryos sampled from different pleopods and sides of the brooding chamber were recorded. Significant deviations of the overall mean of each surveyed female were also observed for essential FA, particularly 20:4n-6, 20:5n-3 and 22:6n-3. Lipid energy available to fuel embryogenesis also varied among embryos sampled from different regions of the brooding chamber. Results suggest variable female investment at oocyte production, which may be amplified during the incubation period of developing embryos by differential lipid catabolism. For the first time, maternal provisioning is evidenced as an additional source for within-brood variability in the FA profile of embryos.     

Biological impacts of ocean acidification: a postgraduate perspective on research priorities

Research into the effects of ocean acidification (OA) on marine organisms has greatly increased during the past decade, as realization of the potential dramatic impacts has grown. Studies have revealed the multifarious responses of organisms to OA conditions, indicating a high level of intra- and interspecific variation in species’ ability to accommodate these alterations. If we are to provide policy makers with sound, scientific input regarding the expected consequences of OA, we need a broader understanding of these predicted changes. As a group of 20 multi-disciplinary postgraduate students from around the globe, with a study focus on OA, we are a strong representation of ‘next generation’ scientists in this field. In this unique cumulative paper, we review knowledge gaps in terms of assessing the biological impacts of OA, outlining directions for future research.