Deutsche Bank, Investors Seek Climate Change Action

Deutsche Bank AG and the California Public Employees’ Retirement System are among 259 investors urging policy makers to combat global warming or face mounting economic disruptions in the next 40 years.

Losses stemming from climate change may trim as much as 20 percent from global economic output by 2050, according to a statement from Ceres, a coalition that joined investors holding $15 trillion in assets in seeking action. Frankfurt-based Deutsche Bank is Germany’s largest bank and Calpers, based in Sacramento, California, is the biggest U.S. public-pension fund.