Summary of The Road to Action

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

The Road to Action summary
Start getting smarter:
or see our plans

Rating

8 Overall

9 Importance

9 Innovation

7 Style


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.

In this summary, you will learn

  • How international financial institutions can help achieve the carbon emission targets of the 2015 Paris Agreement,
  • How better financial disclosure and reporting can accomplish this goal, and
  • Why financial institutions should devise standards that show how climate change affects the bottom line. 
 

About the Author

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

 

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. 


More on this topic

By the same author

The Global Liveability Report 2017
The Global Liveability Report 2017
9
Rich Pickings
Rich Pickings
7
Insurers and Society
Insurers and Society
8
The Great Game for Gas in the Caspian
The Great Game for Gas in the Caspian
8
Retail 2022
Retail 2022
8
Democracy Index 2012
Democracy Index 2012
8

Customers who read this summary also read

The Global Risks Report 2017
The Global Risks Report 2017
8
Adapting to Climate Change
Adapting to Climate Change
The Conservative Case for Carbon Dividends
The Conservative Case for Carbon Dividends
9
The Good Thing About Climate Change
The Good Thing About Climate Change
8
US Global Change Research Program Climate Science Special Report (CSSR)
US Global Change Research Program Climate Science Special Report (CSSR)
9
The Future of Pension Management
The Future of Pension Management
8

Related Channels

Comment on this summary