,
6 tweets,
2 min read
Read on Twitter
Quite a few things missing in this article ... 1. Govt, as part of G20 FInancial Stability Board, has accepted climate change is a systemic risk to financial system. @JoannaMather afr.com/companies/fina…
2. All of Australia’s financial regulators have stated climate change is a material risk and investors need to respond to this. This is mirrored by regulators globally. banque-france.fr/en/communique-…
3. Trustees have fiduciary duties and legal obligations to include climate change considerations in the decision making. pwc.com.au/consulting/ass…
4. Govt policy can direct the flow of capital across the global economy. Policy engagement by long-term investors is occurring because it is a necessary extension of their responsibilities and duties to deliver strong returns for their members.
Credible, investable and durable policy frameworks put in place today can support strong investor and super fund holders’ returns into the future. igcc.org.au/investors-set-…
Investors willing to work with Govt to reduce climate risk and unlock trillions of dollars of investment in building climate resilience and zero carbon opportunities.
