AMWatch

ESG investors question their own methods after grim climate report

The damning United Nations report on global warming delivered a reality check for the investors betting that markets can limit the damage.
TOPSHOT - Local youths and volunteers gather in an open field and wait to support firefighters during a wildfire next to the village of Kamatriades, near Istiaia, northern Evia (Euboea) island on August 9, 2021. - Firefighters tried on August 9, to prevent fires from reaching key communities and a thick forest that could fuel an inferno that one official said has destroyed hundreds of homes in seven days on the Greek island of Evia. If most of nearly two weeks of fires had stabilised or receded in other parts of Greece, the ones on rugged and forested Evia were the most worrying and created apocalyptic scenes. (Photo by ANGELOS TZORTZINIS / AFP) | Photo: Angelos Tzortzinis/AFP / AFP
TOPSHOT - Local youths and volunteers gather in an open field and wait to support firefighters during a wildfire next to the village of Kamatriades, near Istiaia, northern Evia (Euboea) island on August 9, 2021. - Firefighters tried on August 9, to prevent fires from reaching key communities and a thick forest that could fuel an inferno that one official said has destroyed hundreds of homes in seven days on the Greek island of Evia. If most of nearly two weeks of fires had stabilised or receded in other parts of Greece, the ones on rugged and forested Evia were the most worrying and created apocalyptic scenes. (Photo by ANGELOS TZORTZINIS / AFP) | Photo: Angelos Tzortzinis/AFP / AFP
By Alastair Marsh, Frances Schwartzkopff and Saijel Kishan / BLOOMBERG

The assessment by the Intergovernmental Panel on Climate Change, released on Monday, should prompt investors to "review their commitments to tackling climate change and to take action," said Fiona Reynolds, chief executive of the UN-backed Principles for Responsible Investment.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading