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10 signs that some of the world's most powerful money managers are worrying more about climate c

Climate risk has arrived as a business issue to be reckoned with.

  • Big money managers like Vanguard and Blackrock have publicly highlighted the environment as a top investment concern.

  • It's becoming clear that companies that ignore sustainability concerns will face investor scrutiny.

Climate risk has arrived as a business issue to be reckoned with. Over the last year, the investment community sent a clear message that they are focused on environmental sustainability and expect companies in which they invest to do the same.

Some of the world's largest money managers have made public commitments to the environment, called on companies to improve disclosures related to climate risk, increased allocations to companies with strong sustainability track records, and overruled board resolutions on climate issues. It's now clear that public companies that ignore environmental sustainability will increasingly face investor questions, scrutiny, and possibly direct activism.

Here are ten notable examples of big money managers highlighting the environment as a top investment concern:

New York City announces plan to divest fossil fuel companies from its $189 billion in pension funds (January 10, 2018)

In January 2018, New York City announced a goal to divest its $5 billion holdings in fossil fuel companies from its $189 billion in pension funds within five years. City officials said the divestment would be "among the most significant divestment efforts in the world to date."