Investment funds ignoring the risks of climate change | Pacific Beat

Investment funds ignoring the risks of climate change

Investment funds ignoring the risks of climate change

Updated 12 December 2012, 9:29 AEST

The first global survey of the world's largest one thousand major investment funds has shown that a huge number haven't factored in the risks of climate change.

The survey revealed that many of the retirement, insurance and wealth funds didn't have policies identifying the increasing risk, and weren't prepared.

These global assets funds are worth more than 60 trillion dollars.

The report's author says it's irresponsible and they're failing their investors.

But Australia's fared well.

Presenter:Sarah Clarke, Environment Reporter

Speaker:Julian Poulter, executive director, "Asset Owners Disclosure" project

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