IPCC reaction: Capital and environment at risk if adaptation not addressed now

Report published on Monday

Beth Brearley
clock • 3 min read
The time is now to adapt to climate change

The time is now to adapt to climate change

Asset managers have called for investors to engage with companies and collaborate with governments to work towards “transformational adaptation”.

The calls follow the publication of a report from the Intergovernmental Panel on Climate Change (IPCC) yesterday (28 February), which warned climate impacts will increasingly disrupt economies and societies. Adaptation was a key theme in the report, prompting United Nations Secretary-General Antonio Guterres to say: "Adaptation and mitigation must be pursued with equal force and urgency." A spokesperson from the international business of Federated Hermes' Responsibility team cautioned that shareholders' capital is at substantial risk over the long term if companies do not adapt to the cl...

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