By Mike Scott, Contributor, Forbes
New research from the Asset Owners Disclosure Project (AODP) reveals that 60% of the world’s 500 biggest asset owners (AOs), representing assets under management of $27 trillion, now recognize the financial risks of climate change and the opportunities that are created by the transition to a low carbon economy . . . There has also been a proliferation of initiatives that highlight the risks to investors, including CDP’s Carbon Disclosure questionnaire, the Principles for Responsible Investment, the Task Force on Climate-Related Disclosures and Science-based Targets. In addition, the companies in which investors might put their money are also acting on climate change, with many of the biggest corporations – such as Apple; BMW; AB Inbev, the world’s largest brewer; General Motors; and Walmart – committing to source all their electricity from renewable sources.
Photo: Papillion’s Facebook Data Center. Facebook is one of a growing number of large corporations committed to 100% renewable energy.
ADDITIONAL RECOMMENDED READING
- Report: Almost half of Fortune 500 companies have climate, energy goals, Utility Dive
- From Risk To Return: Investing in a Clean Energy Economy, A Publication of the Risky Business Project