The financial community needs to understand the impact of climate change and how it can take action to protect portfolios, outlines Renat Heuberger, CEO, South Pole Group, in the latest STOXX Pulse publication.
The latest Global Risks Report by the World Economic Forum (WEF) has labeled climate change the biggest single threat facing the world economy. This is the first time in more than a decade that the expert respondents ranked climate change as the gravest issue leading the list of menaces; a point that has not escaped the radar of the financial community, which now needs to understand the impact of climate change on financial markets.
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