Tue, 2020-01-21 01:03
LONDON: Move over revenue growth and dividend payouts: It’s time to take your portfolio’s temperature.
Policymakers are pushing investors to do more to ensure their choices help to meet the 2015 Paris Agreement to combat climate change by limiting planetary warming to well below 2 degrees Celsius, and preferably to 1.5C.
A vanguard of insurers and pension funds, many in Davos this week for the annual meeting of the World Economic Forum, say part of the answer is a new “temperature score” that gives a snapshot of how investments contribute to climate change.
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