University of Minnesota - UMN Executive Leadership Insights
The Road to Action
Report

The Road to Action

Financial Regulation Addressing Climate Change

Economist Intelligence Unit
EIU, 2017
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Editorial Rating

8

Qualities

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  • Eye Opening
  • Hot Topic

Recommendation

Climate change poses dire threats to the environment and thus serious danger to the global financial system. International financial institutions, with their enormous clout in lending and development funding, are in a unique position to help drive carbon-reduction goals. But many financial services providers have yet to incorporate climate change into their risk models or their standard reporting and disclosure statements. getAbstract recommends this thought-provoking study from the Economist Intelligence Unit, which makes a convincing point that underscoring climate change’s financial impact on businesses and investors is a crucial part of tackling the problem.

Summary

The Paris Agreement highlights the urgent need to step up the pace of climate change risk reduction that spans national borders, asset classes and industry sectors. Some leading financial institutions are actively addressing global warming by issuing green bonds, conducting industry outreach and setting higher goals for climate-related lending. Others have been less proactive. 

Yet all these institutions can wield considerable power in achieving the goals of the Paris accord. They can cooperate with their peers, regulators and clients...

About the Author

The Economist Intelligence Unit is an independent research and analysis organization.

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