Over half the 101 global institutional investors participating in a new joint PGIM-Greenwich Associates study say climate change is already affecting their portfolios by creating new risks and generating new opportunities.
Nevertheless, a significant share of these institutions have yet to take action. Some respondents note that a lack of reliable data and analytic models makes it difficult to evaluate the impact on their portfolios. Fewer than a quarter think existing climate change models are effective, and less than 10% utilize these tools in their decision-making processes.
This new report examines how institutional investors in Europe, North America and the Asia-Pacific regions view the impact of climate change, and analyzes the steps these investors are taking to address climate impacts.
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