Central banks and climate change: taking up the challenge

Permeating all levels of society, from private individuals, through business, to policy makers and governments, the effects of climate change will have an impact.

04 Jul 2019

Climate change. Quite possibly the greatest, most unique, and most far-reaching systemic risk ever encountered. Permeating all levels of society, from private individuals, through business, to policy makers and governments, the effects of climate change will have an impact.

Many investors, institutional and individual alike, are increasingly focusing on the implications of climate change for their portfolios and taking action. According to estimates, around USD 23 trillion are already managed in line with some form of so-called environmental, social and governance (ESG) principles.