BOSTON, MA — Investment portfolios around the world are filled with “hidden risks” because their managers do not consider climate change when making investment decisions — largely because asset owners aren’t asking them to.
In a survey of some of the world’s largest asset managers, nearly half said climate change was either not on their client’s radars, or had just surfaced as a concern. A trend toward short-term financial performance also make climate change assessment — a long-term threat — less likely.