Investors grapple with physical climate risks, long-term impacts
Publish Date: 1/14/2022
News Source: Pensions & Investments
In the U.S., the $267.8 billion New York State Common Retirement Fund, Albany, and Impax Asset Management Group PLC have joined forces to ask S&P 500 companies to identify the location of key facilities and buildings where climate change events could negatively affect operations and in turn, financial results. [They are] learning that companies are not seriously considering, let alone planning for, the physical risks of climate change, and investors are dealing with a lot of unpriced value risk.
