Stranded assets: environmental drivers, societal challenges, and supervisory responses
Environment factors, particularly those related to climate change, are stranding or could strand assets across different sectors and geographies with significant implications for economies, companies, financial institutions, communities, and workers. In this review, we focus on physical climate chan...
| Main Authors: | , , , , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Annual Reviews
2021
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| _version_ | 1797093152264290304 |
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| author | Caldecott, B Clark, A Koskelo, K Mulholland, E Hickey, C |
| author_facet | Caldecott, B Clark, A Koskelo, K Mulholland, E Hickey, C |
| author_sort | Caldecott, B |
| collection | OXFORD |
| description | Environment factors, particularly those related to climate change, are stranding or could strand assets across different sectors and geographies with significant implications for economies, companies, financial institutions, communities, and workers. In this review, we focus on physical climate change, biodiversity loss, and litigation related to environmental factors as causes of stranded assets. We also review the emerging literature on the consequences of asset stranding for society before turning to some of the key supervisory responses that are emerging to ensure that stranded assets are measured and managed, particularly by financial institutions. These are among the areas of the stranded assets literature that have been growing most rapidly since 2015, and we focus on the literature produced since then. |
| first_indexed | 2024-03-07T03:56:12Z |
| format | Journal article |
| id | oxford-uuid:c2f290b5-9469-4232-829f-5e4161fc2f32 |
| institution | University of Oxford |
| language | English |
| last_indexed | 2024-03-07T03:56:12Z |
| publishDate | 2021 |
| publisher | Annual Reviews |
| record_format | dspace |
| spelling | oxford-uuid:c2f290b5-9469-4232-829f-5e4161fc2f322022-03-27T06:12:51ZStranded assets: environmental drivers, societal challenges, and supervisory responsesJournal articlehttp://purl.org/coar/resource_type/c_dcae04bcuuid:c2f290b5-9469-4232-829f-5e4161fc2f32EnglishSymplectic ElementsAnnual Reviews2021Caldecott, BClark, AKoskelo, KMulholland, EHickey, CEnvironment factors, particularly those related to climate change, are stranding or could strand assets across different sectors and geographies with significant implications for economies, companies, financial institutions, communities, and workers. In this review, we focus on physical climate change, biodiversity loss, and litigation related to environmental factors as causes of stranded assets. We also review the emerging literature on the consequences of asset stranding for society before turning to some of the key supervisory responses that are emerging to ensure that stranded assets are measured and managed, particularly by financial institutions. These are among the areas of the stranded assets literature that have been growing most rapidly since 2015, and we focus on the literature produced since then. |
| spellingShingle | Caldecott, B Clark, A Koskelo, K Mulholland, E Hickey, C Stranded assets: environmental drivers, societal challenges, and supervisory responses |
| title | Stranded assets: environmental drivers, societal challenges, and supervisory responses |
| title_full | Stranded assets: environmental drivers, societal challenges, and supervisory responses |
| title_fullStr | Stranded assets: environmental drivers, societal challenges, and supervisory responses |
| title_full_unstemmed | Stranded assets: environmental drivers, societal challenges, and supervisory responses |
| title_short | Stranded assets: environmental drivers, societal challenges, and supervisory responses |
| title_sort | stranded assets environmental drivers societal challenges and supervisory responses |
| work_keys_str_mv | AT caldecottb strandedassetsenvironmentaldriverssocietalchallengesandsupervisoryresponses AT clarka strandedassetsenvironmentaldriverssocietalchallengesandsupervisoryresponses AT koskelok strandedassetsenvironmentaldriverssocietalchallengesandsupervisoryresponses AT mulhollande strandedassetsenvironmentaldriverssocietalchallengesandsupervisoryresponses AT hickeyc strandedassetsenvironmentaldriverssocietalchallengesandsupervisoryresponses |