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.