Ten Across Conversations Ten Across

Insurer vacancies resulting from recurring natural losses in California, Florida, and Louisiana point to the fact that climate change is among the greatest threats to companies’ bottom lines within the coming years and decades. As a result, investors want greater transparency when it comes to the environmental risks of publicly-traded organizations.  

A recent decision from the Securities and Exchange Commission addresses this investor demand. In March, the SEC adopted a new rule mandating that companies disclose how climate change has affected or is affecting their strategies, finances, and organizational outlook. This legislation is scheduled to go into effect later this month.  

Last fall, California passed similar but more thorough disclosure requirements in the form of two laws. The Climate Corporate Data Accountability Act requires companies operating in the state with $1 billion or more in annual revenue to disclose both direct and indirect emissions associated with their operations. The Climate‐Related Financial Risk Act requires companies exceeding $500 million in revenue to report their climate-related risks every other year. In February, this legislation became the subject of a lawsuit brought against the state by the California Air Resources Board.  

Listen to this first installment in the 10X “Financing our Future” series— an ongoing investigation into the ways in which markets and governments are adapting to climate impacts in the I-10 corridor and beyond. In this episode, Ten Across founder Duke Reiter speaks with Steven Rothstein, Managing Director of the Ceres Accelerator for Sustainable Capital Markets, about the lead up to and intended results of this national and state climate legislation which his organization helped craft.


Articles/sources referenced in this podcast:  
 
Arizona lawmaker calls climate research ‘anti-God,’ pushes to ban it at state universities (AZCentral, March 2024) 
 
Americans overwhelmingly support mandatory climate disclosure for US companies (Ceres, February 2022) 
 
Jamie Dimon fears for the future of the free world and US debt (CNN, April 2024) 
 
Ceres Accelerator webpage 
 
Ceres Roadmap 2030 
 
Freedomtoinvest.org  

The Ten Across geography reveals many aspects of the entire nation’s future, particularly the ways climate change will reshape where we choose to live and why. This southernmost tier of the country is a natural focus for examinations of climate trendlines and the tipping points for human habitability.

The residents of Louisiana’s Isle de Jean Charles are often cited as the first community in the nation to be entirely displaced by coastal inundation and land loss. Recent satellite data analysis by The Washington Post aligns with many previous studies suggesting that such retreats from rising water may be required of communities throughout the Gulf Coast in years to come.  

In the west, states like California, Nevada, and Arizona still face the consequences of ongoing megadrought and heat, challenging agricultural output and hydropower systems, while increasing wildfire risk and the need for power-hungry air conditioning technology. Even the extreme weather and floods in California in late 2023 and early 2024 have not affected long-term drought conditions in the region.  

Clearly, climatic conditions along the I-10 transect are changing, and with this level of risk to property has also increased. Last fall on the podcast, we covered the impacts of climate on insurance availability in California, Louisiana, and Florida. The unprecedented insurer vacancies and soaring premiums suggest subtler, economic challenges to habitability within this region.  

In his new book, On the Move: The Overheating Earth and The Uprooting of America, esteemed environmental reporter Abrahm Lustgarten explores how these conditions are changing our sense of which parts of the world as really habitable, and for how long.  

Listen in as Ten Across founder Duke Reiter and Abrahm talk before a live audience at Changing Hands Bookstore in Phoenix, Arizona, about past and present forces driving our responses to climate risk in the Ten Across geography and beyond.  

A note to listeners who may be sensitive to the subject matter: This episode contains brief descriptions of death and distress caused by climate events.  

With a widescale and urgent phenomenon like climate change, there are innumerable ways to imagine communicating its impacts through articles, film, or television. That said, given the immensity of this subject within our minds and environment, certain audiences may be unwilling or unprepared to interact with the challenging realities of manmade warming.  

Emmy-winning filmmakers Greg Jacobs and Jon Siskel needed to overcome exactly this difficulty when directing their latest documentary, The Here Now Project. Luckily, through their previous projects documenting harrowing events such as Hurricane Katrina in their film Witness: Katrina (2010) and the September 11th attacks in 102 Minutes That Changed America (2008), the team behind Siskel/Jacobs Productions has become skilled at using film to memorialize and give context to communal grief at the site of disaster.  

Like these previous documentaries, The Here Now Project combines amateur and professional videos captured by eyewitnesses to convey the lasting social impact of its subject—namely, climate change. Through thoughtful editing and compilation of this primary source footage, the film provides the viewer an intimate experience of over 200 climate-related events that took place in 2021, including the 180 simultaneous wildfires that burned around the globe that summer.  

Listen in as Ten Across founder Duke Reiter and Greg Jacobs, co-director of The Here Now Project and co-founder of Siskel/Jacobs Productions, discuss the directorial process behind this latest film, how the Ten Across geography is present within it, and why this kind of climate storytelling is necessary today.  

The Here Now Project will premiere before select audiences at the Toronto Hot Docs Festival, April 26 and May 1. Stay up to date on timing for its wider release by visiting herenowproject.com.

A note to listeners who may be sensitive to the subject matter: This episode contains a brief discussion of suicide risk among construction workers.  

The work of decarbonizing our communities and cities has never been more critical than it is today. Countless observers of climate change are warning the world that our window to drastically reduce or eliminate fossil fuel use and avoid 1.5°C or more of global warming is narrowing with each year.  

We know that nearly 40% of global emissions come from the construction and operation of buildings. For the last 30 years, the U.S. Green Building Council has been focused on remediating this critical aspect of the global warming picture. Their Leadership in Energy and Environmental Design (LEED) green building rating system is the world’s most widely used framework for green design, augmented by LEED credentialing for professionals in sustainable design, construction, and operations.  

The USGBC operates through a network of 75 local chapters nationwide. Last week, six chapters in California announced they are combining their regional expertise and expanding their efforts under one inclusive statewide nonprofit, known as USGBC-California. In this interview, we’ll learn more about the goals of the merger, and how the Los Angeles chapter was particularly instrumental in this effort to engage more communities and professionals working toward an energy transition.  

Listen in as Ten Across founder Duke Reiter and USGBC-California Executive Director Ben Stapleton discuss solutions for decarbonizing the built environment, ideals for the future of city health and design, and how California is currently leading the way in many U.S. climate efforts.  

Other articles referenced in this episode:  
“Arizona lawmaker calls climate research ‘anti-God,’ pushes to ban it at state universities” (The Arizona Republic, March 14, 2024)  

“DeSantis bans local governments from protecting workers from heat and limits police oversight boards” (NBC Miami, April 14, 2024)

Gensler began as a corporate interior design firm in the 1960s. Today, it is the world’s largest architecture firm in terms of revenue and staff. In 2023, Gensler employed 6,000 professionals across 53 offices globally, reaching 3,500 clients in more than 100 countries.  

The influence of this firm within the building and design industry cannot be overstated. Given its reach, it is encouraging that Gensler consistently demonstrates concern over its global corporate responsibility. In the last 20 years, Gensler’s co-CEOs Andy Cohen and Diane Hoskins have become notable figures for their talent in design and business leadership, but also for their thoughtful consideration of the company’s climate and equity impacts. Accordingly, they have been asked to speak many times before the United Nations and other global audiences.  

Earlier this year, Andy and Diane accepted new roles as Gensler’s global co-chairs. Marking this transition, they have recently published what could be considered a culminative reflection of their time at the firm thus far, including the two decades they spent as co-CEOs. “Design For Radically Changing World” explores the potential within the design sector to address some of the world’s most pressing issues, from significantly reducing carbon emissions to reconnecting and uplifting historically disinvested communities.  

In this episode, Ten Across founder Duke Reiter talks with Andy Cohen and Diane Hoskins about findings in this latest book, comparing the efficacy of Gensler’s design forecasts from 10 years past, and traveling through more than 40 years of the firm’s history. As industry pioneers, they help us imagine the characteristics of the future city, specifically through the lens of innovative architecture and urban design.

Artificial intelligence is advancing and intersecting with nearly all professional sectors today, including local government. However, without much AI-specific policy yet established at the federal or state levels, many cities are learning to navigate this emerging technology on their own.  

A combination of public policy and residents’ openness to new ideas in the Phoenix metropolitan area has made it an ideal place for the launch of pioneering technologies like autonomous vehicles. Now, cities here are considering ways that AI can be applied to local needs—applications such as fast and accurate updates on local water supply and improved traffic safety measures.  

Considering the recent expansion of US-based AI firms and a boom in semiconductor manufacturing, it seems there is no longer a question of whether AI will become a routine part of our lives—it is a matter of when. If this proves to be the case, governments at all levels will need to become familiar with the risks and advantages of this quickly evolving technology to ensures its thoughtful and equitable use.  

AI and the future of the city was a central theme of this year’s Smart Region Summit, convened by Arizona State University and partners. In this Ten Across Conversations episode, you will hear highlights from two discussions at this event, moderated by Ten Across founder and executive director Duke Reiter.  

Listen in as Duke explores the incorporation of artificial intelligence at the city level with Phoenix Mayor Kate Gallego and three information technology experts from Phoenix and Tempe, Arizona, and Cleveland, Ohio.