FT: Industry players slow to act on climate issues

Climate change is of course one of the biggest issues of our generation. Trillions of dollars of capital will need to go towards changing the way we consume energy --through energy efficiency and the development of renewable energy. Yet all kinds of investors, especially major institutions, are doing little to take their money out of the old economy of fossil fuels that causes climate change and invest it into the future. Many of them aren't even thinking about how to do this. This piece in the Financial Times (free login may be required) describes:
Many people in the asset management industry are convinced that climate change is caused by human actions, but few are actually managing money in line with that belief.

A new initiative from Australia, the Asset Owners Disclosure Project, has so far failed to gather support for its suggestion that asset owners such as pension funds and endowments should be transparent on what they are doing about climate change.

Read the whole article on the FT website.

 

Keep in touch

Sign up to receive our updates and get access to all features of this website. Sign in with:

Latest from the blog

Sep 01, 2016
Subscribe to REC's quarterly newsletter today! We are thrilled to share updates on a number of exciting events, projects, and campaigns at REC!   This past summer, REC was able to launch its International Solidarity Program (ISP) to the Philippines with fossil fuel divestment organizers from across the country. Join...
Aug 31, 2016
  Notes on the Recent Department of Justice Decision To Move Not Renew Private Prison Contracts Photo:  (Reuters/Lucy Nicholson) The Department of Justice announced on August 18 that it will begin transitioning away from federally contracted private prisons, essentially transitioning around 22,000 individuals currently caged in 13 for-profit facilities to...
Aug 29, 2016
Are you searching for a profession that aligns your personal values with your desire for a career in finance?   Do you feel you need help identifying what roles exist in the impact investing industry and how to get your foot in the door? We are happy to share that our partners from The SRI Conference on Sustainable, Responsible, Impact Investing are...

Sponsors

Partners

Partners

Partners