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WHY HAS ESG INVESTMENT BLOSSOMED? Responsible practice

Jan 01, 2019 - The Banker

On November 21, 2018, Mark Carney, the governor of the Bank of England, gave a speech at St James's Palace. The occasion was a royal birthday, but that was not the topic of his missive. Instead, Mr Carney talked about challenges posed by climate change to the financial industry.

"[Two-thousand and seventeen] set a record for weather-related insurance losses at about $140bn. Losses in 2018 may again be among the worst in history," he said. These impacts are real, and present systemic risks ...