Few can deny (with one to two notable exceptions!) that our world is being confronted with major climatic challenges. Forest fires in California and Australia, decline in sea ice in the arctic, and increasingly erratic weather patterns are attributed to climate change in many countries. All this, scientists confirm, is due to global warming. To stem this, we need to collectively reduce the amount of carbon dioxide emitted.
This is not just on the environmentalist’s agenda – it is also a concern to investors. For example, Bank of England Chief Mark Carney has recently issued a climate change warning. He said that unless firms wake up to what he called the climate crisis, many of their assets would become worthless. And he warns that climate change is “A question for every company, every financial institution, every asset manager, pension fund or insurer: what’s your plan?”