Corporate climate ignorance poses threat to pensions | Minerva-Manifest

Nearly half of major companies in the highest polluting sectors worldwide are failing to weigh up how climate change will affect their businesses. The findings come from the State of the Transition report compiled by the Transition Pathway Initiative, an organisation backed by asset owners and fund managers, representing some US $14 trillion in assets.It found that 46% of companies in the 14 highest polluting sectors, globally, were failing to factor in the impact of climate change when making long-term business decisions. The report evaluated the business plans of 274 international companies operating in 14 sectors. The industries analysed included organisations in the automotive, aviation, electric utilities, steel, and oil and gas sectors.It assessed corporate preparedness for the management of risks arising from climate issues and the weighed up how companies were preparing for the global transition to a low carbon economy.

Source: Corporate climate ignorance poses threat to pensions | Minerva-Manifest

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