ESG

Schroders’ sustainability boss: ‘Tougher and more disruptive action needed’ at COP28

Investors looking for clarity on role of carbon markets ahead of UN climate summit, says Andy Howard

Extreme weather events caused by climate change have led to catastrophic fires around the world
Extreme weather events caused by climate change have led to catastrophic fires around the world Photo: NurPhoto via Getty Images

COP28 will need to inspire “tougher and more disruptive action” if policymakers and investors want a fighting chance of combatting the climate crisis, Schroders’ sustainability boss has said.

One of the biggest question marks hanging over the UN’s climate summit, which kicks off on 30 November in the United Arab Emirates, is whether the hope of limiting rising global temperatures to 1.5°C — in line with the Paris Agreement — can be kept alive.

WSJ Logo