02.05.2016 - Sovereign funds ignore climate risk
World’s largest investors warned that environmental change will affect returns. The world’s largest government-backed investment funds have been accused of ignoring the risks climate change poses to their portfolios despite warnings it could hurt returns and make high-carbon investments worthless. Research from the Asset Owners Disclosure Project, a non-profit organisation, has found no evidence that the sovereign wealth funds in Abu Dhabi, Kuwait, China, Saudi Arabia and Hong Kong have taken any action to factor climate change risks into their investment decisions...............................................Full Article: Source
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