Asset Management

Big investors bring big clout to climate change debate

Powerful group of investors bands together to tackle the issue via a five-year initiative called Climate Action 100+

Big investors bring big clout to climate change debate
Photo: Getty Images

Mark Carney, the governor of the Bank of England, once called climate change the “tragedy of the horizon”.

He was referring to the idea that it’s a long-term problem that, according to United Nations estimates, could cost some $36tn to address by the year 2050. Yet many investors are overly focused on short-term results, leading them to overlook the long-term financial risks of climate change.

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