Investors and financial regulators are increasingly aware of the risks associated with a changing climate. In a recent speech to the insurance industry, the Governor of the Bank of England warned of huge losses faced by investors exposed to these risks. These risks are twofold. Firstly, there are those posed by climate change itself, through the destruction of infrastructure assets due to extreme weather, for example. Secondly, the risks and opportunities posed by the necessary transition to a low-carbon economy, if we are to avoid the worst effects of climate change. What are the implications for investors if such risks remain largely unexplored?
Against this background, the Portfolio Decarbonization Coalition (PDC) is supporting research projects with potential applications in the field of investment management with a grant of € 12.500 and full access to Trucost’s database. The PDC represents investors worth $3.2 trillion in assets under management (AUM) and oversees the decarbonization of $600bn AUMs. It is the only investor network focused on portfolio design and portfolio level action to adapt to a changing climate.
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