Big Investors to Put More Money into Tackling Climate Change - Financial Times

Investors are frustrated about ‘inadequate’ disclosure from companies, survey says

More than two-thirds of institutional investors are planning to increase investments related to tackling climate change, according to a new survey that suggests “green finance” is moving from the margins to the mainstream of global markets.

But more than half of the 497 institutional investors surveyed said they were receiving “highly inadequate” information from companies about their risk of disruption from climate change — as well their ability to benefit from the shift to low-carbon technologies.

The findings, in a study commissioned by HSBC, will add weight to calls from Mark Carney, governor of the Bank of England, and others for greater disclosure of “climate risks” in the corporate and financial sectors.

Mr Carney has warned that investors risk “potentially huge” losses from the impact of climate change on industries ranging from insurers, which face increased losses from extreme weather, to producers of the fossil fuels blamed for rising temperatures.

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