Delays in tackling climate change could cost companies about $1.2 trillion worldwide during the next 15 years, according to the United Nations.
That’s the preliminary analysis of a UN Environment Finance Initiative project that brought together 20 global fund managers to measure the impact of climate change on 30,000 of the largest listed companies. The group has created a guide for investors to assess how their holdings would respond to different levels of global warming and policy making.
