4 September 2013 — Climate change is seen as a material risk by most investors who, as a consequence, have retained, or advanced, their commitment to addressing climate change in their investment activities, a report has found.

An article in Edie Energy, says the report, published by the European Institutional Investors Group on Climate Change, the North American Investor Network on Climate Risk, the Australia/New Zealand Investor Group on Climate Change and the Asia Investor Group, found that assessments of climate risk were directly influencing investment decisions.

The report found that 53 per cent of asset managers decided to divest or not invest in listed equities based on climate change concerns, while a majority of asset owners (69 per cent) said that climate change integration influenced their fund manager decisions in 2012.

Read the full story here.