Antinuclear

Australian news, and some related international items

Australia and New Zealand among best performing investors recognising climate change

Most global investors recognise financial risk of climate change, report finds, Guardian, Paul Karp, 26 Apr 17,  Global index reveals 60% of asset owners are now taking some action, but warns there is still ‘enormous resistance’ to managing climate risk For the first time a majority of global investor heavyweights recognise the financial risks of climate change, according to the results of a major global index rating how investors manage such risks.

But despite the advances, the Asset Owner Disclosure Project chairman, John Hewson, has warned there is still an “enormous resistance” to managing climate risk.

The AODP releases its fifth global index on Wednesday, ranking the world’s largest 500 asset owners and, for the first time, the 50 largest asset managers on their performance managing financial risks associated with climate change.

Asset owners and managers were scored on governance and strategy, portfolio carbon risk management and metrics and targets, and graded as leaders (A-AAA) rating), challengers (B-BBB), learners (C-CCC), bystanders (D-DDD) and laggards (X).

The index found that 40% of asset owners and just 6% of asset managers were classed as laggards, meaning they had a scored zero on the measures for managing and disclosing climate risks.

The report concluded that “the scales have tipped”, as 60% of asset owners are now taking some action.

Of the 500 asset owners, there are now 34 leaders, 34 challengers, 44 learners and 187 bystanders, an increase in all categories since the last year compared with laggards, which fell from 246 to 201 in number.

Australia and New Zealand were among the 10 best-performing countries, which were all in Oceania and Europe…..https://www.theguardian.com/environment/2017/apr/26/most-global-investors-recognise-financial-risk-of-climate-change-report-finds

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April 26, 2017 - Posted by | General News

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