There is a lack of understanding in investment decision-making about how big the climate crisis is which could lead to investments and risks being mis-directed, according to Professor Cameron Hepburn, Professor of Environmental Economics at Oxford University.
Last Thursday, March 12 the US Senate Democrats’ Special Committee on the Climate Crisis heard from industry experts, including Bob Litterman and Frederic Samama, on the economic risks of climate change. They all pushed for a price on carbon and for action, now.
Being passively invested shouldn’t mean being passive with regard to responsibilities says the Church of England Pension Board which has developed a new climate transition index with FTSE Russell, LSE and TPI that is the first to incorporate forward-looking climate data.
Only 16 of the 74 largest public pension plans in the US mention ESG or responsible investing in their public documents. Scott Kalb looks at why the US is so far behind.
Scientific Beta has critiqued the proposals of the TEG on climate benchmarks, arguing they are unduly influenced by commercial interests and do little to discourage greenwashing or support decarbonisation efforts in the real economy.
Designing a 1.5°C asset portfolio to mobilise capital for a sustainable future requires some big thinking and intensive collaboration, not to mention transformational change that extends way beyond the borders of the investment industry. So what role do investors play?
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Sustainability Digital – Sept 2020