Neuberger Berman (NB) has launched a new climate strategy, which will see the firm analyse potential climate risks facing the portfolios of its US mutual funds and European UCITS vehicles "as the world transitions to a lower carbon economy".
Implementing the main recommendations of the Financial Stability Board's Task Force on Climate-related Financial Disclosure, NB said it had completed quantifying the potential value-at-risk from climate change to all the public equity and corporate-issuer fixed income it is exposed to. Regulators to explore removing 'barriers' to addressing 'unprecedented' climate risk The firm will expand the analysis, which was developed using scenarios aligned with the commitments of the Paris Agreement on climate change, to holdings in other client portfolios in the future. NB's analysis sees p...
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