Global index reveals 60% of asset owners are now taking some action, but warns there is still ‘enormous resistance’ to managing climate risk
April 26, 2017 Guardian UK Full story here
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….
…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.