EU takes investors to task over climate change
More and better data is needed to help reorient capital flows towards more sustainable investments
Sustainability and financial stability can go hand in hand, but investment managers want an explicit mandate if they are to see green investment as their primary task
Private funding: Most of the funding needed to help European countries meet their international climate goals will have to come from the private sector
Gaps: Good quality data is vital for investment managers to manage risks, including climate change
Leader: France has introduced the world’s first law obliging investors and asset managers to report on climate risks
Key quote: “If you are a pension fund, the financial and non-financial risks [such as climate change] coincide because you have a very long-term view.”
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