Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Climate-Action Delay May Cost Investors More Than $1 Trillion

May 10, 2019, 1:37 PM

Delays in tackling climate change could cost companies about $1.2 trillion worldwide during the next 15 years, according to the United Nations.

That’s the preliminary analysis of a UN Environment Finance Initiative project that brought together 20 global fund managers to measure the impact of climate change on 30,000 of the largest listed companies. The group has created a guide for investors to assess how their holdings would respond to different levels of global warming and policy making.

“Investors have a central role to play in moving the world to a low-carbon future,” said Maurice Tulloch, chief executive officer of ...