Big investors take aim at banks over climate change risk.
"A coalition of institutional investors managing more than $1tn in assets is demanding that 60 of the world′s largest banks take action to protect the world from the threat of catastrophic damage due to climate change."
[COMMENTARY] This was bound to happen — and good that it has. Financial institutions and companies not reporting or allowing for climate change effects on their businesses will likely see reduced investor interest and possibly lower relative stock prices over time.
Big investors take aim at banks over climate change risk, by Chris Flood, September 14, 2017, Financial Times, UK.