As the climate crisis becomes impossible to ignore, the world of finance is waking up to the risks it poses – and the role the sector can play
Record temperatures. Fires in Canada that covered New York in a dystopian haze. Floods that left one-third of Pakistan underwater. Sea ice levels at an all-time low. You don’t have to look far to find evidence that the climate emergency is getting rapidly worse.
As the reality of the climate crisis has become increasingly impossible to ignore, the world of finance has woken up to the huge financial risks it poses. These include the devastating effects of a warming planet, the regulatory and political impact of the global transition to a low-carbon economy, and the reputational risk of being a laggard in the eyes of eco-conscious consumers.
