Climate Change Poses ‘Systemic Threat’ to the Economy, Big Investors Warn – The New York Times

Share this article!

“We do a lot of engagement with business separately,” Ms. Gordon stated.”She stated the S.E.C., which manages the stock market and needs openly traded business to routinely disclose details about a range of hazards they face, need to likewise need those companies to better disclose the monetary threats they face from environment change.Other possession managers cautioned that climate modification would progressively interfere with businesses.Julie Gorte, senior vice president for sustainable investing at Impax Asset Management, which handles $23 billion, said the S.E.C. needs to force companies to divulge the area of their physical possessions, such as factories and other facilities.”Another helpful change, Mr. Rothstein stated, would be for the Fed to require banks to analyze the environment vulnerability of the companies they lend cash to.