Below is an excerpt from an article by ISS ESG, which is featured in a recent Special Report by Raconteur. The full article is available for download from the Institutional Shareholder Services (ISS) online library.
The impact of the novel coronavirus continues to be front of mind for many investors, but ignoring the looming threat from climate change could spell disaster for the planet and their portfolios, according to ISS ESG data. Climate change is being overlooked as the world continues to battle the coronavirus pandemic, despite warnings that it is a much bigger threat than the virus.
As the pandemic took hold and countries found themselves locked down, the International Energy Agency warned the COVID-19 outbreak could significantly slow the world’s transition to clean energy, suggesting it was up to governments to utilise green investments during the slowdown as a way of bolstering economic growth.
By Dr. Maximilian Horster, Head of Climate Solutions, ISS ESG