Although there is overwhelming scientific consensus that climate change is underway and governments are imposing regulations to curb greenhouse gases, the vast majority of the world’s largest investment managers are not factoring climate-related trends into their short- and long-term investment decision-making, the result being significant ‘hidden risks’ in the trillions of dollars of investment portfolios they are managing.
This is the key conclusion of a new Ceres report released today that surveyed leading assets managers in 2009 on their responses to the increasing business risks and investment opportunities associated with climate change. The survey was sent to the world’s 500 largest asset managers, according to the Pensions & Investments Global 500 Survey.
