As efforts to reduce greenhouse gas emissions gather pace, the industrial foundations of society are facing a transformation. From the light bulb to the car, from everyday materials like plastics to cement, even our diets will have to adapt in profound ways to make the low carbon economy a reality and to avoid the worst impacts of global climate change.
Institutional investors have taken note. Today, few sizable asset owners or managers don’t proclaim to take climate risks into account in some manner through their investment strategies—whether it means trying to avoid exposure to those that have most to lose in a low carbon future, aiming to back tomorrow’s winners, or even using their influence with companies to accelerate the low carbon transition, it’s a subject that once was considered out of the scope of fiduciary duties but is now often a routine part of the investment process.
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