Big investors to put more money into tackling climate change.
"More than two-thirds of institutional investors are planning to increase investments related to tackling climate change, according to a new survey that suggests ’green finance’ is moving from the margins to the mainstream of global markets…. in a study commissioned by HSBC, will add weight to calls from Mark Carney, governor of the Bank of England, and others for greater disclosure of ’climate risks’ in the corporate and financial sectors."
[COMMENTARY] How many companies in the insurance, utilities and other hurricane affected industries in Texas and Florida have put as potential liabilities on their balance sheets potential hurricane damages? Though such costs are difficult to assess, but, with climate warming/change becoming increasingly costly for businesses, perhaps investors need to ask such questions more vigorously. Companies refusing to acknowledge such costs might be shunned by investors in years to come!
Big investors to put more money into tackling climate change, by Andrew Ward, September 11, 2017, Financial Times, UK.