Jul
12
Insurers, Banks and Pensions Face Climate Change Risk: Institute
By-
Potential ‘devastating risk’ posed to investment portfolios
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Banks should go green and pare ties to high carbon industries
The world’s insurers, banks and pension funds are “inherently susceptible” to threats from climate change and must make adjustments, from shifting investment toward environmentally friendly industries to revamping strategies to reduce risk, said the Global Risk Institute.
“Climate change is a top priority that must be addressed systemically and without delay,” concludes a report by the Toronto-based group that researches risks to the global financial services industry…
Insurers, Banks and Pensions Face Climate Change Risk: Institute
