Climate risk is here and it will create a seismic reallocation of capital

As climate risk rises on the agenda, financial institutions have to manage their response to balance the physical and transition risks they facePhysical risks pose the greatest risk to humanity, but the necessary action to respond have consequences for society that also need to be addressed to create a Just TransitionIgnoring the risk doesn’t make it go away, so climate risks have to be considered in every economic decision

“There is no question in my mind the frequency of events is giving us real evidence that climate change is investment risk. No company should be surprised about how this is evolving and changing. We are going to see a seismic reallocation of capital.”- Larry Fink, CEO, BlackRock The world is headed to a 4° C temperature rise based on th...