Summary: The vast majority of the world’s largest investment managers are not factoring climate-related trends into their short- and long-term investment decision-making according to a new Ceres report released today that surveyed leading assets managers in 2009 on their responses to the increasing business risks and investment opportunities associated with climate change. The survey was sent to the world’s 500 largest asset managers, according to the Pensions & Investments Global 500 Survey.
The report shows that while a large number of asset managers are in the preliminary stages of including climate risks in their due diligence, only a small percentage are considering a broad range of climate risks, such as regulatory, litigation, physical and competitive risks, as part of their due diligence process for evaluating companies. Nearly half of the respondents – 44 percent – said they do not consider climate risks at all because they do not believe that climate change is financially ‘material’ to investment decision-making.
Source: January 6, 2009 Ceres Press Release
More Information:
- The report is available at http://www.ceres.org/pubs/assetmanager
- The full press release is at http://www.ceres.org/Page.aspx?pid=1175&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CeresNewsFeed+%28Ceres+Sustainability+News+Feed%29&utm_content=Google+Reader
Prepared by: This message was distributed by Kellen Mahoney, who may be reached at e-mail: kmahoney@eetnews.com
