Follow The Money: Investors Lead Charge On Climate Change

NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Tue, 12/12/2017 - 5:28am

BERLIN (AP) — An international summit Tuesday to mark the second anniversary of the Paris climate agreement has drawn world leaders, celebrities, companies and environmental groups to the French capital, all aiming to keep up momentum on efforts to curb global warming. Financial institutions are using the meeting to highlight the need to ensure that their investments don't suffer from, or contribute to, the effects of climate change, such as rising sea levels and more extreme weather around the world. Here are some of the major announcements made at the Paris summit: ___ LEANING IN A group of institutional investors calling themselves Climate Action 100+ said it would use its financial clout to raise the issue of climate-related risk with companies. The group, which comprises 225 investment funds managing more than $26 trillion in assets, said it will focus its efforts on 100 of the world's largest corporate greenhouse gas emitters. The idea is that companies will heed the concerns of major funds because they don't want to be considered a bad investment due to the financial risks that climate change might pose for their business. ___ GREEN TRANSPARENCY Over 200 companies have pledged greater transparency on reporting climate-related risks in their businesses as part of a voluntary program led by U.S.

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