By accelerating the divestment movement, not only can we measurably improve climate outcomes, but we can also reduce risk and improve financial outcomes for everyday investors.
Vehicle makers must put climate change specialists on their boards, engage better with policy-makers, and invest more heavily in low-emission cars, says a network of 250 global investors with assets of more than $24trillion.
Do Board Directors really understand the inter-relationships between: Environmental, Social and Governance (ESG) risk; delivering on strategy; and, corporate reporting?
Change is being driven by the combination of technology innovation, a global policy shift, and the financial market’s increasing acceptance that stranded asset risk is significantly underestimated.
Even climate contrarians don’t bet against global warming, probably because they know it’s a bet they would lose.
Connecting the two world is challenging because investors are often looking at different, more short term factors, compared to the sustainability community that is often looking at issues that are much longer term.