Investors Recognise: Climate Change and Asset Values

investors recognise: Sustainable returns Chris Davis, senior programme director of the Ceres Investor Network on Climate Risk, another IIGCC member, agrees, according to The Guardian. A growing number of institutional investors recognise that climate change will impact their holdings, portfolios, and asset values in the short and long-term, he says. Vehicle makers must put climate change specialists on their boards, engage better with policy-makers, and invest more heavily in low-emission cars, says a network of 250 global investors with assets of more than $24tn . The demands come in a new report, Investor Expectations of Automotive Companies, published this week by the Institutional Investors Group on Climate Change . Long-term investors want to ensure that automotive companies are prepared for the challenges stemming from climate change, new technologies, changing policies and shifts in demand caused by global trends, says Dr Hans-Christoph Hirt, co-head of investment house Hermes EOS, a member of the IGCC. Plans for an electric car charging point in every new home in Europe Read more Investors expect the industry to embark upon a smoother route to future prosperity by developing and implementing long-term business strategies that are resilient to climate change and resulting regulatory shifts. To achieve sustainable returns for clients and beneficiaries, investors in the automotive sector must engage to ensure companies are prepared to thrive in a carbon-constrained environment and support robust policy action sufficient to drive the transition to clean vehicles. It has failed to shrug off its image as a foot-dragger in the fight against climate change – similar to the way most big oil companies are seen. The traditional car industry has gradually been increasing its output of pure electric and hybrid diesel/electric models, but in small numbers. (news.financializer.com). As reported in the news.