ESG & Responsible Investing

RESEARCH

The financial industry could lose up to USD1tn if it fails to respond to climate change

The financial industry could lose up to USD1tn if it fails to respond to climate change

The financial industry could lose up to USD1 trillion in the event of major policy shifts that aim to slow climate change, such as levying a carbon tax. However, banks, insurers and asset managers have the opportunity to reduce these risks and increase their earnings potential by reallocating capital to greener companies and investments. 

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Hold companies to account on climate change, say new PLSA voting guidelines for pension schemes

Hold companies to account on climate change, say new PLSA voting guidelines for pension schemes

Pension fund investors must be prepared to hold the directors of the companies in which they invest individually accountable on how well they manage climate change risks, the Pensions and Lifetime Savings Association (PLSA) has stated in its updated annual Stewardship Guide and Voting Guidelines.