NEW YORK - In the wake of two years of devastating wildfires in California, Wall Street is incorporating a new risk metric when evaluating companies: climate resiliency.
Companies located in areas such as California, Florida and Louisiana that put them at a higher risk of being affected by more severe weather patterns are increasingly being asked how they will protect their businesses from climate change. “Without expecting a company to significantly change its strategy, we are increasingly having conversations with management teams to ask them about their plans for climate resilience,” said Arthur Hurley, senior portfolio manager on the Columbia Real Estate Fund.
More climate lies.
It’s good to see Wall Street putting value on the risk of climate change this will drive real change happening. Many company’s already are addressing this is in the sustainability plans. But individually we all need to do our part because our government is not.
weighs a way to profit from it
I think it's going to be a girl! GenderReveal
I’d like to say one thing. The picture is horribly inaccurate depiction of climate change. Here in Canada our hapless government tries to pin our wild fires on “climate emergency BS” but over 70%of the fires were arson the RCMP found.
It was time!
As it sets records every day. WallStreet
GenderReveal
Maybe Wall St. can send POTUS a memo. Someone can read it to him.
Generation IV nuclear energy.
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Source: Reuters - 🏆 2. / 97 Read more »