Investor group issues guidance on tackling physical climate risks

Integrating risks into investment processes urged

James S Murray
The global economy would face losses of more than $9.5trn a year with 3C of warming, according to Schroders

The global economy would face losses of more than $9.5trn a year with 3C of warming, according to Schroders

The Institutional Investors Group on Climate Change (IIGCC) has published detailed advice on how to integrate climate risks and opportunities into investment processes.

In the same week as the boss of one of the UK's top energy companies warned the economic impact from climate change could prove to be worse than that from coronavirus, a group of top investors has set out new guidance for how investment firms can manage escalating climate risks. IIGCC has today released two new reports (available here and here) that set out how investors and asset managers can integrate the risks and opportunities presented by the physical impacts of climate change into their investment processes. The reports - which have been developed with specialist consultants Acc...

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